International Internet Magazine. Baltic States news & analytics
Saturday, 23.07.2016, 19:54
Luktarna, a company controlled by the family of Ivan Paleichik who heads the Russian oil company Lukoil's fuel retailer Lukoil Baltija, will take on lease 73 of Lukoil Baltija's 76 filling stations. Following objections from the Lithuanian Competition Council, the company will not take over the remaining three stadions, writes LETA/BNS.
Keyword tags: Energy Market, Lithuania
Lithuania's leading biopharmaceutical manufacturer Sicor Biotech, which is controlled by the international generic drugs producer Teva, posted a net profit of 87.018 mln euros for 2015, more than a two-fold increase from 41.171 mln euros in 2014, reports LETA/BNS.
In preparation for synchronization of the electricity networks of the Baltic states and continental Europe, Lithuania's electricity transmission system operator Litgrid has announced a tender for a study of the second interconnection with Poland, LitPol Link, writes LETA/BNS.
Polish-owned Lithuanian oil company Orlen Lietuva said on July 21st that its first-half net profit in 2016 dropped by 12% year-on-year to 128 million US dollars (EUR 116.23 mln), attributing the decline to lower market and refining margins, reported LETA/BNS.
Hungary's low-cost airline Wizz Air is planning to launch flights between Vilnius and the French city of Grenoble in mid-January 2017, informs LETA/BNS.
Talks between the Polish-owned oil company Orlen Lietuva and the state railway company Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) on railway tariffs, which broke down in May, will be resumed, Prime Minister Algirdas Butkevicius said LETA/BNS on Monday.
In May 2016 Latvia showed the third steepest industrial production growth in the European Union (EU) against the fifth month of last year, according to Eurostat's data on 25 the bloc's member states writes LETA.