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Lithuanian President Dalia Grybauskaitė has signed into law a bill that opens the way for authorities to vet large deals by three privately-owned companies -- Orlen Lietuva, Achema and Telia Lietuva -- and to block deals that are deemed a threat to national security.
Lietuvos Geležinkeliai (Lithuanian Railways) has submitted to the European Commission a plan for rebuilding a dismantled railway track from Mažeikiai, a town in northwestern Lithuania where Orlen Lietuva's crude refinery is located, to Rengė, in Latvia, by the end of 2019.
A special government commission in Lithuania will be able to vet state-owned and privately-owned strategic enterprises' deals exceeding 10 percent of their annual revenue.
Lietuvos Geležinkeliai (Lithuanian Railways) on Friday paid a fine of almost 28 million euros imposed by the European Commission for hindering competition by removing a rail track to Latvia.
The state-run railway company Lietuvos Geležinkeliai (Lithuanian Railways, LG) will Friday pay the fine of nearly 28 million euros imposed by the European Commission (EC) for the dismantled railway stretch to Renge, Latvia, the company's CEO Mantas Bartuška confirmed to BNS.
Lithuania's Prime Minister Saulius Skvernelis is going to Mažeikiai on Friday to meet with Michal Rudnicki, the new CEO of Orlen Lietuva, company operated by the Polish oil concern Orlen.
Here are some of the major events to watch for in Lithuania's politics, culture and society in 2018:
Lietuvos Geležinkeliai (Lithuanian Railways, LG) intends to turn to the European Commission with a request to reduce the nearly 28-million-euro fine against the state-run railway company or waive the fine.
Lithuania's Transport and Communications Ministry will suggest to the government to rebuild the railway stretch from Mažeikiai to Renge, Latvia, which recently caused the European Commission to impose a 28-million-euro fine for Lietuvos Geležinkeliai (Lithuanian Railways, LG).
Darius Jauniškis, the director of the Lithuanian State Security Department (VSD), says that intelligence agencies are increasingly open to communication with the public as they cannot remain invisible services in this information age.
After Lietuvos Geležinkeliai (Lithuanian Railways, LG) announced its plans to rebuild a railway stretch to Renge dismantled nearly a decade ago to eliminate a violation that led to a European Commission (EC) fine, Lithuania's Transport and Communication Minister Rokas Masiulis says the rebuilding is...
The Lithuanian parliament's Committee on Economics seeks to set clear-cut criteria under companies important for national security would have to notify the government about large transactions.
Lietuvos Geležinkeliai (Lithuanian Railways, LG) does not intend to deny the competition violation established by the European Commission (EC), however, intends to go to court over the size of the fine, says the country's President Dalia Grybauskaitė.
Lietuvos Geležinkeliai (Lithuanian Railways, LG) intends to file an appeal against the European Commission's (EC) move to slap it with a fine of nearly 28 million euros for the 2008 removal of tracks from Mažeikiai to the Latvian city of Renge, Mantas Bartuška, CEO of the state-run company, stated o...
The problem of the dismantled Renge railway stretch between Mažeikiai, northern Lithuania, and the Latvian city of Renge can be solved by rebuilding the line, says the European Union's (EU) Competition Commissioner Margrethe Vestager, adding that there are other solutions, as well.
Lawyers say that the Lithuanian government should give serious thought to the possibility of filing an appeal against the European Commission's (EC) fine against the state-run company Lietuvos Geležinkeliai (Lithuanian Railways, LG), however, admit that the available information does not give reason...
EU Competition Commissioner Margrethe Vestager will come to Vilnius next week to meet with Lithuanian leaders after the European Commission on Monday imposed a fine of almost 28 million euros on Lietuvos Geležinkeliai (Lithuanian Railways, or LG) for breaching the bloc's anti-trust rules.
