Economy
CEO, 3 board members of Vilniaus Vandenys stepping down
Aidas Ignatavičius, CEO of Lithuania’s biggest water supplier Vilniaus Vandenys operated by the capital city’s municipality, is stepping down from the position. […]
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Economy
Lithuania’s energy provider hits Times Square as shares open on Nasdaq
On Monday, Energijos Skirstymo Operatorius, which is responsible for providing electricity and natural gas in Lithuania, opened for trade on the Nasdaq Vilnius stock exchange. To mark the occasion, the company’s name and logo were displayed on an enormous display in New York City’s iconic Times Square. […]
Economy
ESO starts trading shares on Nasdaq Vilnius
Electricity supply and natural gas distribution company Energijos Skirstymo Operatorius (ESO), the new company that was formed by merging the state-owned companies Lesto and Lietuvos dujos, started trading its shares on the stock exchange of Nasdaq Vilnius on Monday. […]
Economy
Tax and legal changes to drive growth in 2016
With the new year will come new changes to Lithuania’s tax codes and other laws that will change residents’ everyday lives and hopefully propel the country towards continued growth. […]
Energy
Merger of Lithuania’s electricity grid operator and gas company goes ahead
Lithuanian electricity grid operator LESTO is merging with the gas company Lietuvos Dujos. The purpose of the merger is to optimise the operations, and reduce costs so that consumers can pay less for gas and electricity, according to Energy Minister Rokas Masiulis. […]
Energy
Lithuanian Gas and LESTO to be merged into Energy Distribution Operator
The Nasdaq stock exchange announced on Monday about reorganization of AB LESTO, Lithuania’s electricity distribution network operator, and Lietuvos Dujos (Lithuanian Gas). […]
Energy
Lithuanian energy companies Lesto and Lietuvos Dujos to be merged
Lithuanian electricity distribution network operator Lesto and Lithuanian gas distribution network operator Lietuvos dujos will be reorganised. […]
Energy
Lithuanian electricity network LESTO receives EUR 300,000 fine
On 4 June, Lithuania’s National Control Commission for Prices and Energy (VKEKK) adopted a decision to fine LESTO, state-owned electricity company, which will have to pay EUR 300,000 for the violations detected in the act of scheduled inspection. The company is also ordered to correct the regulated cost statements for the period 2011-2013, LESTO reports. […]
Energy
Lithuanian power connection process gets streamlined
Lesto, Lithuania’s national power distribution company, has streamlined its power connection process for business and private customers. Connection time for new customers will be reduced by 2 days on average thanks to the changes, Invest Lithuania reports. […]
Energy
Lithuania’s state-owned electricity and gas providers to merge
State-owned energy company group Lietuvos Energija (Lithuanian Energy) intends to merge electricity and gas distribution network operators, AB LESTO and AB Lietuvos Dujos (Lithuanian Gas). It is said that the synergy of the two companies will enable to increase the group’s efficiency, reduce operating costs and create additional benefits to electricity and natural gas consumers. […]
Economy
Lithuanian port of Klaipėda to resume operations after stormy weekend
The Lithuanian port of Klaipėda will on Monday try resuming navigation, which was disrupted by strong winds on weekend. […]
Energy
Liberals propose selling part of energy companies’ shares
The Liberals’ Movement has proposed selling at least 5 percent of the major state-owned energy companies’ shares. […]