Locked content Novaturas mulls dual listing

Lithuanian tour operator Novaturas wants to be floated this year on the Warsaw Stock Exchange and on the Lithuanian Nasdaq, the company said in a market filing. “Novaturas is a leader on a very attractive tourist market in the Baltic countries, with a recognizable brand and a transparent and effecti...
Image : Courtesy of Orlen

Lithuania pays €28 mln fine to Orlen for dismantling tracks

The state-run Lithuanian railway operator company Lietuvos Gelezinkeliai has paid the €28 million fine imposed by the European Commission to WSE-listed refinery giant Orlen for dismantling the railway connecting Orlen’s refinery in Mazeikiai and the Latvian city of Renge.

Locked content Some 70% Lithuanians enjoy Polish products

Some 70 percent of Lithuanians have positive sentiment toward Polish products, RAIT survey showed. Additionally, 72 percent of Lithuanians say that Polish products are very cheap, 75 percent claim they are easy to find in shops and 72 percent appreciate good quality-to-value ratio. As many as 69 per...

Locked content Orlen Lietuva and Lithuanian railways fail to reach compromise

Polish oil company Orlen Lietuva and Lithuanian Railways have failed to reach a compromise on rail transport rates. The Lithuanian side believes that the dispute should be resolved by a court. “Negotiations have not taken place for several months. Neither side wants to give in, so let a court decide...

Locked content Rafako lands €150 mln deal abroad

Polish boiler producer Rafako signed a €149.7 million (PLN 644 million) deal for the construction of a cogeneration power block for Lithuanian JSC Vilniaus Kogeneracine Jegaine, the company said in a market filing. The block is to be built within 28 months from the launch order, which should come wi...

Locked content President Duda holds talks on NATO issue with Lithuanian President

Poland’s President Andrzej Duda and Lithuanian President Dalia Grybauskaitė met in Dubrovnik, Croatia, on Thursday to discuss the protection of the Suwalki Gap, a narrow piece of land connecting the two NATO member states of Poland and Lithuania and bordering on Belarus and Russia’s Kali...

Locked content Poland considers gas link with Lithuania

Poland is considering establishing a gas link with Lithuania to improve the energy security of both countries, Polish Development Minister Mateusz Morawiecki told the media. The main topic of Morawiecki’s visit to Lithiania is energy issues. The Minister told the media that Poland would apply ...
Image: wikipedia

Poland and the Baltics signs pipeline deal

The President of the European Commission, Jean-Claude Juncker along with the Prime Minister of Poland, Ewa Kopacz, the President of Lithuania, Dalia Grybauskaité, the Prime Minister of Latvia, Laimdota Straujuma and the Prime Minister of Estonia, Taavi Rõivas attended a signature ceremony of the fi...

Locked content Poland’s neighbor preparing for the Euro

Lithuanians will begin using the euro on January 1. The eurozone will welcome its 19th member and last baltic country to join the common european currency. The Lithuanian litas/euro fixed rate has been set by the EU Council at 3.45 litas per euro. A transition period will allow the exchange of old b...

Locked content Poland forms military unit with Lithuania and Ukraine

The defense ministers of Poland, Lithuania and Ukraine signed an agreement creating a joint military unit on Friday. The Lithuanian–Polish–Ukrainian Brigade (LITPOLUKRBRIG) will be used during operations under the auspices of the UN, EU and NATO and in other operations that are in line with the UN C...