International Internet Magazine Friday, 09.05.2008, 23:29
Vitol is ready to invest in Ventspils nafta, but expects support from Latvian government
08.05.2008Management of the oil and gas company Vitol Group (Vitol), the largest shareholder of the joint-stock company Ventspils nafta (Ventspils Oil, VN) today, in a meeting with Prime Minister Ivars Godmanis (Latvia's First Party/Latvia's Way), promised new investments in Latvia, emphasizing that at the same time it expects government's support in protecting them.
Keyword tags: Energy, Investments, Latvia, Markets and Companies
Petras Vaitiekunas hopes neighboring countries will change attitude regarding Lithuania's EU veto
08.05.2008Lithuanian Foreign Minister Petras Vaitiekunas hopes that neighboring countries will change their skeptical attitude towards Lithuania's decision to temporarily block negotiations between the European Union (EU) and Russia concerning a new cooperation treaty.
Keyword tags: Energy, EU – Baltics, Lithuania
At Ventspils nafta is elected a new financial director
08.05.2008Normunds Stanevics, the former member of the board and investment director at the joint stock oil company Ventpils Nafta (VN), has been elected as the new finance director of the enterprise, according to VN's announcement at Riga Stock Exchange.
Keyword tags: Energy, Latvia, Markets and Companies
Latvia: On the purchase prices of round timber in the 2nd half of 2007
08.05.2008The information of the Central Statistical Bureau on the purchase prices of significant export commodity – round timber, show that, compared to the same period of 2006, in the 2nd half of 2007 the purchase prices of pine and spruce sawlogs grew by 32% in each segment, but prices of deciduous sawlogs – on average by 44-62%.
Keyword tags: Analysis, Energy, Latvia
Neste Latvija profit in 2007 reached LVL 3.6 million
08.05.2008Oil products company Neste Latvija has earned LVL 3.6 million last year, which is approximately 39.5 percent more than in 2006, as was informed at the enterprise.
Keyword tags: Energy, Markets and Companies, Transport
Crisis approaches petrol station market of Lithuania
07.05.2008New records in increasing oil prices will soon hit drivers" pockets. However, the petrol station business does not triumph; oppositely, it fears consequences of decreased consumption. Skirmantas Maciukas, head of Statoil Lietuva sale and supply department claimed that the estimates of business for April 2008 are not positive at all.
Keyword tags: Analysis, Energy, Lithuania
Gerhards: Gas power plant to cost LVL 270 million
30.04.2008The construction of a gas power plant in Latvia could cost approximately LVL 270 million, whilst the cost of a solid fuel power plant in Latvia could cost approximately LVL 421 million, according to calculations carried out by the Economy Ministry.
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