Lietuvos energija
Economy

In 2016 the state-owned enterprises were more profitable than a year ago

The 2016 annual report on the performance of the state-owned enterprises (SOEs), prepared by the Governance Coordination Centre, presents an overview of the 2016 aggregate financial results of Lithuanian SOEs as well as, based on the information provided by the enterprises, discloses the performance of their special obligations and the information on the remuneration of the executives, Governance Coordination Centre reported in a press release. […]

A train
Economy

Lithuania will have to rebuild dismantled railway to Latvia – Seimas speaker

Lithuania’s state-run railway company Lietuvos Geležinkeliai (LG) will have to rebuild the dismantled railway stretch to Latvia after the removal caused the European Commission to impose a 28-million-euro fine, says Parliamentary Speaker Viktoras Pranckietis. […]

Luminor
Economy

New financial services provider in the Baltic market – Luminor

Following the decision of the European Commission, Nordea and DNB have successfully combined their operations in the Baltic countries creating a new bank – Luminor. […]

Igor Tsyapa Technoforce CEO, Gintarė Narkevičiūtė Nexus Operations CEO
Economy

Lithuanian company became official supporter of Ukraine‘s business

Uncertainty and repression do not need to follow every interaction between two independent countries. Great communication and partnership are possible, if both parties are willing to put work into the better future. One of the latest examples of a thoughtful and organized international relations management is the agreement between two leading companies from Ukraine and Lithuania. Lithuanian company Nexus Operations, Ltd. became official international representative of Ukraine‘s innovator Technoforce. […]

Lietuvos Geležinkeliai
Economy

Lietuvos Gelžinkeliai railway Co may get EU fine this week

After a few years of inquiry, the European Commission (EC) may this week announce sanctions for the state-owned railway company Lietuvos Geležinkeliai (Lithuanian Railways) for limiting competition by 2008 dismantling of a rails between Mažeikiai, a city in northern Lithuania, and Renge, Latvia. […]