Naftos Grupė EN Archives - the Lithuania Tribune

Heads of Lithuania’s Naftos Grupe appeal against jail sentences

January 22, 2018 BNS 0

The Urbutis brothers, owners and top executives of Naftos Grupė (Oil Group), an oil product forwarding company that was granted exceptional terms for the transshipment of oil products via Klaipėdos Nafta (Klaipėda Oil) in 2005 to 2010, have filed appeals against the ruling by a Klaipeda court to sentence them to terms in prison. […]

Naftos Grupė execs get jail sentences, to pay Klaipėdos Nafta over EUR 20 mln

December 27, 2017 BNS 0

A court has sentenced former top executives of Naftos Grupė (Oil Group), an oil product forwarding company that was granted exceptional terms for the transhipment of oil products via Klaipėdos Nafta (Klaipeda Oil) in 2005 to 2010, to several years in prison and ordered them to pay the state-owned oil terminal almost 21 million euros in damages. […]

Complicated Sino-Lithuanian relationship

October 1, 2024 0

As the Seimas elections approach, more parties, especially opposition parties, promise to change their foreign policy. The most significant change, in their view, is in relations with China. The opposition believes that seeing China as […]

Economist speaks out about the unstoppable rise in prices: ‘It’s getting a bit scary’

September 24, 2024 0

Prices in Lithuania decreased by 0.5% over the month, but annual inflation is again approaching the 1% mark. The most significant price increases over the year were in cafes and restaurants – nearly 9%. Some […]

Who could have thought? Germans give us a brigade, we give them electricity

September 20, 2024 0

Rokas Masiulis, the Head of the electricity transmission operator Litgrid, was one of the energy experts who, at the outbreak of the war in Ukraine, calmly and even optimistically looked to the future: Lithuania would […]

The EU must stop funding the brutal Cuba regime

September 16, 2024 0

Russia has always been Europe’s enemy. This is something that many of our Western and Central European friends seemed to forget since the fall of the Berlin Wall. Not so in Eastern Europe and the […]

Grybauskaitė effect? Among the candidates for Prime Minister, there is also an option that has not yet been named out loud

September 13, 2024 0

With the parliamentary elections just a month away, party leaders are already working out, in public and behind closed doors, the scenarios for the foundations of the future governing coalition and who will lead the […]

Lithuanians will have to open their wallets even wider: goods and services will become more expensive

August 30, 2024 0

According to TV3.lt, Swedbank economists raise their GDP growth forecast for Lithuania and believe the Lithuanian economy will grow the fastest among the Baltic States this year and next. Inflation will likely rise next year, […]