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Wednesday, 23.04.2014, 19:55
On Tuesday Prime Minister of Lithuania Algirdas Butkevicius presented the Government's report of the activities of 2013 to the Parliament. There were still more promises and plans mentioned than completed tasks, informs LETA/ELTA, referring to Lietuvos rytas.
Keyword tags: Analytics, Economics, Energy, Investments, Legislation, Lithuania, Real Estate, Transport
The European Bank for Reconstruction and Development (EBRD) made a decision this month to grant a loan to Estonian shale oil producer Viru Keemia Grupp (VKG), LETA/Public Broadcasting reports.
The system price of electricity at the Nordic electricity bourse Nord Pool Spot (NPS) fell in March in all price regions, the last time the monthly price was as low was in summer 2012, LETA/Postimees Online cites Estonian main grid company Elering.
Estonian environment minister Keit Pentus-Rosimannus formed a working group that will review the legal regulation on bunkering of ships to prevent pollution of the sea, LETA/Delfi reports.
As of April 16, Estonian fuel concern AS Alexela Energia is the owner of all assets of chemicals industry OÜ Kiviõli Keemiatööstuse Varad, Äripäev.ee/LETA reports.
Representatives of business and energy sector are criticising the national renewable energy resources program. Experts say the document is declarative, is set to meet only the minimum EU requirements and in no way contributes ensuring the country's energy independence. Therefore, it has to be redrafted, informs LETA/ELTA.
Based on preliminary data, the Lithuanian state-owned enterprises (SOEs) were 11.9% more profitable in 2013 than in 2012 – the enterprises earned LTL 484 million (EUR 140 million) in normalized net profit (net profit, following the elimination of non-standard state taxes and the effect of the bankruptcies of two local banks), informs LETA/ELTA.
President of Lithuania Dalia Grybauskaite met with U.S. Republican Senators John McCain, John Barrasso and John Hoeven. The main points of discussion were the situation in Ukraine and the threats it posed to the security of Europe and the Baltic region, reports BC presidential press service.
Latvenergo Group has published its audited Annual Report for 2013 which shows profit at EUR 46 million, down 9% from 2012, as NASDAQ OMX Riga reports, cites LETA/Nozare.lv.
Estonia’s oil product terminals' operator Vopak E.O.S. announced that due to the complicated business environment, it will start cutting its general expenditures and also the number of employees, LETA/Postimees Online reports.
Russian Ambassador Alexander Veshnyakov, interviewed by LTV, reassured viewers that Latvia faces no threat from Russia. He said that he realizes that Russia's operations in Ukraine have upset many people in Latvia, who are concerned about state security, informs LETA/ELTA.
Lithuania's Prime Minister Algirdas Butkevicius claimed he had not heard anything about the intentions of the Polish company PKN ORLEN to sell petroleum refining company ORLEN Lietuva on his visit to Mazeikiai-based company on Monday, cites LETA/ELTA.
During meeting in Luxembourg, European Union foreign ministers called for an end to the destabilization of Ukraine and decided to expand the list of restricted measures. Foreign Minister Urmas Paet said at the meeting of European Union foreign ministers in Luxembourg yesterday, that the actions of separatists in eastern Ukraine in recent days are unacceptable, the Foreign Ministry of Estonia said in a statement.
Estonian Prime Minister Taavi Rõivas said during a working visit to Finland on Tuesday, at a meeting with his Finnish colleague Jyrki Katainen that the Balticconnector gas pipeline and LNG terminals need a fast agreement and the long-delayed process has to be completed, LETA/Postimees Online reports.
The Dobele gas storage facility in Latvia could serve as a regional importance gas infrastructure object and source, Economy Minister Vjaceslavs Domvrovskis (Reform Party) believes, cites LETA/Nozare.lv.