Wed, 12 Apr 2006: Ekranas files for bankruptcy, Vilniaus Vingis braces for worst…

But the company said it could not operate due to a shortage of working capital. It also said that a glass melting furnace failure had aggravated the situation. Ekranas, which is located in Panev...

Wed, 8 Mar 2006: Funai visits troubled Ekranas…

Ekranas CEO Eimutis Zvybas doesn't hide the fact that his company is hundreds of millions of litas in debt and faces working capital problems. What's more, local banks refuse to lend money to the ...

Wed, 8 Mar 2006: Latvia cuts sugar production by 8.6 percent…

Muceniece said if the mills transferred the sugar to next year, it would deplete working capital since the mills can't sell the sugar, only store it at their own expense. If the mills opted for ad...

Thu, 28 Oct 1999: Lietuvos Kuras to be privatized for a song…

Lietuvos Kuras, which has over 120 filling stations in Lithuania, has been swimming in debt. A spokesperson at the country's State Property Fund confirmed that Lietuvos Kuras' liabilities came to ...

Thu, 4 Mar 1999: Lithuania, Williams delay signing deal…

Williams maintains that the plant's working capital at the end of 1998 was lower than a year before, insisting that the government should cover the difference.The U.S. company also wants to be sur...

Thu, 10 Dec 1998: Summed up…

Dvigatel has already done a few test jobs for ABB, such as electric filters, but it's too early to speak about the size of ABB's future orders, Parnits said. He doubted the company would expand be...
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