Lithuania could use dividends from state-owned energy companies to support farmers

The Lithuanian government has suggested using dividends from two state-owned energy companies to support dairy farmers.

Prime Minister Algirdas Butkevičius has told parliament that Lietuvos Energija and Klaipėdos Nafta will pay twice more in dividends than planned and the extra money could be given to Lithuanian farmers who have been suffering from a lull in the dairy market and demanding for government support.

Related Post

“If the global dairy market situation continues to deteriorate, this morning I received good news that Lietuvos Energija will pay twice more in dividends than planned. Klaipėdos Nafta has also reported the biggest profit since the restoration of independence, its dividends will also be almost twice bigger. So we will have the financial resources in the budget to help our milk farmers without revising the law,” said the prime minister.

Žinių Radijas

Share

Recent Posts

  • Latest

A few questions to Mr. Putin, Mr. Trump and all those calling for “peace at all costs”

I admit it: I’m not that type of person who follows domestic and international politics…

1 day ago
  • Latest

Message from the President’s Office to Paluckas on Žemaitaitis

While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…

1 month ago
  • Economy

Surprised by what’s happening in Lithuania: this is what makes us stand out in the EU

Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…

2 months ago
  • Politics

Will the coalition shut the door on Žemaitaitis?

"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…

2 months ago
  • Tribune

Airvolve has begun the patenting process for an exclusive aircraft

Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…

2 months ago
  • Latest

Bruveris. The world in 2025: a continuation of last year’s collapses towards new fires

The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…

2 months ago