International Internet Magazine. Baltic States news & analytics
Sunday, 30.04.2017, 00:33
The Nordic Investment Bank (NIB) and Lithuania’s company Klaipedos Nafta AB have signed a loan agreement totalling EUR 20.4 million with a 15-year tenor for the construction of a reloading station for liquefied natural gas (LNG) and the extension of an oil terminal in Klaipeda, Lithuania, NIB informed BC.
Keyword tags: Banks, Financial Services, Gas, Good for Business, Lithuania, Loan, Port, Transport
The Lithuanian gas market Get Baltic, which is launching operations in Latvia and Estonia in July, projects growth, however, not only due to larger market but also due to the gas price discount applied by Gazprom three years ago and due to expire in mid-2017, writes LETA/BNS.
After lines of cargo vehicles stretched on the Lithuanian border with the Russian Kaliningrad region, the head of the Lithuanian Border Crossing Infrastructure Directorate says that a few dozen trucks lined up on the border is not a major problem, writes LETA/BNS.
The Astravyets nuclear power plant (NPP) under construction in Belarus close to the Lithuanian border is not a political decision only but also has economic substance, as the decision not to buy electricity from the power plant may have an impact on implementation of the project, Daivis Virbickas, CEO of Lithuania's power transmission system operator Litgrid said LETA/BNS.
Now is a good time for the European Bank for Reconstruction and Development (EBRD) to withdraw from the management of Lithuania's Siauliu Bankas, LETA/BNS said according to the Verslo Zinios business daily.
Lithuania's power transmission system operator Litgrid has earmarked 18.156 mln euros for dividend or 3.6 cents per share after netting 16.828 mln euros in profit last year.
The Vilnius-based European Humanities University (EHU), whose students are mostly from Belarus, has completed its search for a new rector after without signing a contract with a finalist, reports LETA/BNS.