News from Lithuania brought to the UK in English, to help bring awareness from Lithuania to the UK.
The European Bank for Reconstruction and Development (EBRD) have agreed to provide a loan of 34.4 million Euros to AS Graanul Invest to expand on their biomass fuelled combined heat and power (CHP) plants in the Baltic’s. AS Graanul Invest is an Estonian based privately owned company specialising in bioenergetics and renewable energy production....
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Lithuania’s nuclear power plans are back on track with two new propositions on the table. On Wednesday the Lithuanian government announced it had received two bids from rival companies to build a new nuclear power plant. Energy Minister, Arvydas Sekmokas stated that the two bids were from Westinghouse, a branch of Toshiba Corp. and...
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All three Presidents of the Baltic states; Lithuania, Latvia and Estonia had the opportunity to meet and hold individual discussions with US President Barack Obama in Warsaw, Poland at a dinner on Friday. As part of his European tour President Obama attended a working dinner in Poland with the leaders of Central and Eastern...
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The Lithuanian government will imminently be signing four transactions with unnamed buyers to sell its unused Assigned Amount Units (AAUs) or emissions permits. This will be the first time Lithuania is able to sell its surplice AAUs and the income generated from the sale will be used for subsidies, loans and climate change investment...
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An Asia-Europe Foundation (ASEF) meeting was held in Lithuania’s capital, Vilnius on the 13th May 2011, the first ever ASEF meeting held in the Baltic states. ASEF was created in 1996 between leaders in European and Asia countries to promote communication between people and establishments globally through intellectual and cultural exchange. At this inaugural ASEF...
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During a press statement last week the global ratings company Fitch Ratings increased Lithuania’s outlook from stable to positive. Michele Napolitano, associate director in Fitches Sovereign group is quoted as saying that the positive outlook reflected Lithuania’s strengthening public finances, strong economic recovery and increasing stabilization in the financial sector. That although Lithuania’s external...
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