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Lithuania's Ministry of Transport and Communications together with independent consultants, after analysing all legal and financial options, submitted a proposal to set up a new corporate group formed from companies of the transport sector, the ministry reports.
Lithuania’s state-owned railway operator Lietuvos Geležinkeliai (Lithuanian Railways) will provide a 3-million-euro loan to financially-troubled Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL).
One of the detained ships of state-controlled company Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL), which is facing bankruptcy proceedings, has returned from the Polish port of Gdansk to Klaipėda, Transport Minister Rimantas Sinkevičius confirmed on Thursday morning.
The company Lithuanian Shipping Company (LSC), whose vessels remain arrested in foreign ports and which suffers from an extremely complicated financial situation, will have to file for bankruptcy, said Lithuanian Transport and Communications Minister Rimantas Sinkevičius after a meeting with Preside...
On Monday, at one of the most important European Union (EU) annual transport events TEN-T days 2015, the representatives of the joint venture of the three Baltic States RB Rail presented the project Rail Baltica - a great example of a propriety infrastructure project of a common interest, reports th...
Lifting the An-2 airplane from its crash site at the bottom of the Baltic Sea is too expensive, says Lithuania's Transport and Communication Minister Rimantas Sinkevičius, adding he would suggest at the government's meeting on Tuesday to leave the airplane on the seafloor.
The An-2 plane, which crashed and sank in the Baltic Sea in mid-May, will be lifted up from the bottom of the sea for divers to be able to inspect it, Lithuanian Transport and Communications Minister Rimantas Sinkevičius said on Wednesday, adding that there are currently no plans to salvage the airc...
Lithuania is holding talks with a Dutch company on salvaging the An-2 plane that crashed in the Baltic Sea on May 16, killing two pilots.
Minister of Transport and Communications Rimantas Sinkevičius has not rejected the possibility of resigning after the aircraft An-2 disaster. However, at first the minister said he would like to know more details and offered to wait for the causes of the disaster to be clarified.
On Friday, Lithuanian Minister of Transport and Communications Rimantas Sinkevičius met with President of the World Road Association (PIARC), Oscar de Buen Richkarday, who commended Lithuania for improving road safety.
On Friday, Lithuanian Transport Minister Rimantas Sinkevičius met members of European Parliament (MEPs) Vilija Blinkevičiūtė, Zigmantas Balčytis and Valentinas Mazuronis. During the meeting, the minister presented the progress of implementation and EU funding opportunities for the project Rail Balti...
Lithuania's Minister of Transport and Communications Rimantas Sinkevičius is meeting with Violeta Bulc, the European Commissioner for Transport, on Tuesday. During the meeting, the officials will discuss transport issues important to Lithuania, including the progress of the Rail Baltica project and ...
Lithuania is sticking to its position on the Rail Baltica financing model and will ask the European Commission to provide around 160 million euros in funding directly and 30 million euros more through a joint venture based in Riga. Latvia does not object to that, with its transport minister saying t...
Lithuania will individually apply to the European Commission (EC) for approximately 165 million euros in support for Rail Baltica, the European standard gauge railway project. In addition, it will ask for further 20 to 30 million euros through RB Rail, a joint venture established by the three Baltic...
Minister of Transport and Communications of Lithuania Rimantas Sinkevičius greeted the participants of the Committee on Economics, Energy and Innovations of the Baltic Assembly (BA), emphasising the importance of the project Rail Baltica to both Lithuania and the whole Baltic region, the Ministry of...
If the European Commission decides that Lietuvos Geležinkeliai (Lithuanian Railways, or LG) limited competition in the rail market by removing a railway track to Latvia, Lithuania might consider rebuilding the track or turning to the European Court of Justice, Transport Minister Rimantas Sinkevičius...
Residents of Lithuania have started exchanging their savings in litas to euros. A total of 330 post offices will be exchanging litas to euros free of charge from 2 January.
The total investment in Lithuania's transport sector during the new EU financing period is likely to be more than EUR 5 billion, whence 47 percent will be used to modernise Lithuanian railway network and 36 percent to modernise road infrastructure (26 percent in pan-European highways, 6 percent in m...
On 28 October, representatives from the Baltic States signed a landmark agreement which will launch the project Rail Baltica and bring the Baltic region closer to Western Europe.
Following the European Court of Justice's ruling, the Lithuanian Transport Ministry proposes to lift a ban on registering right-hand-drive vehicles in the country.
