Wed, 15 Feb 2012: Lithuanian food retailers set on expansion amid gloomy EU economy…

I cannot comment on anything else, as we are bound with commitments of confidentiality,” Zimnickas told TBT. In his Facebook profile, Zimnickas presents himself as director of the Luxemb...

Wed, 13 Apr 2011: Gazprom disputes claims…

There’s been no breach of obligations [by Gazprom]. The Lithuanian government approved the price formula in 2008, before the Third Energy Package came in. We haven’t done anything to p...

Wed, 9 Mar 2011: Lithuania looks to Japan…

25 with his counterpart, Yoshikatsu Nakayama, in Tokyo about nuclear power, renewable energy and technologies to increase efficiency, he said after the meeting. Japan “has a very high stan...

Wed, 16 Feb 2011: Poland biggest polluter…

“Many of these commitments were things that the countries were already doing or required to do anyway,” explained Finnish Environment Institute (SYKE) researcher Seppo Knuutila. Knuut...

Thu, 2 Dec 2010: Unbundling to benefit consumers…

dollars more per thousand cubic meters of natural gas than German consumers for the same gas. “I want to remind you that Lithuania is a member of the EU and because of that it must comply w...

Wed, 3 Nov 2010: Rating agencies lose credibility…

Rules set by the Basel Committee on Banking Supervision forced banks to increase the capital they held against assets that were downgraded by ratings companies, leading to fire sales. Commitments ...

Thu, 4 Mar 2010: New orders keep inmates working…

We began cooperation with the export firm Gateway Baltic, which sought out several businesses which we were able to cooperate with. We went there and met with each company, discussed everything an...

Thu, 17 Dec 2009: Tallink stays afloat through debt restructuring…

“It was agreed with the lenders that the loan repayments and the reduction of the group’s overall debt will be kept a high priority.” When it is reasonable, and possible, for ...

Wed, 4 Nov 2009: Political parties inching towards agreement on property tax…

Deliberations on the new tax have been going on in Lithuania since 2004. The then Minister of Finance Algirdas Butkevicius, responding to the International Monetary Fund's representatives' rebuke...

Thu, 10 Sep 2009: Company closure a threat to state reputation…

According to Polonsky, if a state breaches a contract by deciding to withdraw from commitments indicated in it, the state has to take the consequences. "To the extent that the claims which are e...

Thu, 20 Aug 2009: Faint glimmer of hope for real estate…

The property entrepreneur says that at the moment banks are not playing any major role in the real estate market. "Banks are not providing loans for real estate. They are only gradually taking a...

Wed, 6 Feb 2008: Kirkilas echoes calls for Ignalina extension…

"We will keep our commitments and close the reactor but will extend its operation for the time period for which we will have no alternative power supplies, which we cannot replace with anything ...

Wed, 29 Nov 2006: Economic development slowdown for Lithuania…

In addition, commitments to the European Union to raise excise duties, compensate residential deposits and real estate, as well as the rise in average wages will also exacerbate inflation. Accor...

Wed, 12 Oct 2005: Chubais rejects Savisaar’s idea…

In his letter, Chubais reportedly referred to Russian laws regulating the wholesale energy market. Apparently the output of rented power stations has to be sold on the Russian domestic market only...

Wed, 5 Oct 2005: Ministry demands reimbursement from german bank…

The ministry commissioned an expert from Tallinn Technical University to investigate the problem. Once the exact flaws were identified, the Finance Ministry informed its contractual partner. Olavi...

Wed, 12 Jan 2005: Auction hammer ready to fall on Lithuanian Airlines…

"Compared with the condition of LAL at the time of the first privatization tender, the carrier has already split off almost all its subsidiaries, including the profitable ones," he told the Baltic...

Thu, 19 Aug 1999: Rigas Komercbanka epic comes to an end…

"If all the participants involved adhere to their initial commitments the bank will be reopened with a real positive capital. But if any of the participants of the plan backs out, RKB will not be ...

Thu, 25 Feb 1999: Power line delay opens can of worms …

The consortium challenged the Lithuanian power company's position and, a couple days later, was back in business when the Lithuanian Government directed Lietuvos Energija to continue negotiations....

Thu, 17 Sep 1998: Summed up…

21 and 22. Lithuanian Economics Minister Vincas Babilius said Lithuania will construct the pipeline, while Gazprom will only be required to guarantee a steady supply of natural gas. The cost of th...
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