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Friday, 26.04.2024, 07:49
Lithuanian Railways to guarantee loan to the Shipping Company
BC, Vilnius, 27.07.2015.
Print version
Print versionDuring a sitting on July 27th, Lithuania's Government approved the draft resolution submitted by the Ministry of Transport and Communications, according to which dividend payments to the budget will be reduced for Lithuanian Railways by EUR 3 million because it will guarantee the SEB loan of such amount to Lithuanian Shipping Company (LSC), writes ELTA/LETA.
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The payable dividend amount will be reduced from 50% to 36.88% of the company's distributable profits.
The decision was made, taking into account the company's economic projects that are particularly important to the state and the necessity to take immediate care of LSC vessels and crews, arrested in international seaports.
The Ministry of Transport and Communications was obliged to ensure the continuity of LSC activities and draft an action plan so that the company in the future functions efficiently and profitably. According to Prime Minister Algirdas Butkevicius, now the most important thing is to have the LSC vessels back in the hands of Lithuania.
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