History has proved that alliances are never permanent. Subject to an ever-changing environment, the interests of countries within an alliance will inevitably diverge, writes STRATFOR. Despite that fact, the Polish and Lithuanian media were buzzing Thursday over a meeting between the two countries’ leaders that appeared to …
A new oil field discovered by Manifoldas UAB in the surroundings of Ližiai and Laigiai villages in Klaipėda district, Endriejavas region, has already been approved and entered in the Register of Mineral Reserves of the country, litnews.lt reports. According to Jonas Satkūnas, Deputy Director of …
Oil money investing Norwegian Government Fund (also known as Norwegian Oil Fund), already owning Lithuanian bonds, have now decided to invest in private Lithuanian companies. Analysts are very positive about this and are waiting for new investments, delfi.lt wrote on 21 March. Investments started in …
One after another financial institutions raise growth forecasts of Lithuanian economy. DNB Bank raises growth forecast of Lithuanian economy from 2,5% to 3%. Yet it is indicated that not only economy growth can be expected, but also price growth, delfi.lt reported on 29 March. The …
In Klaipėda region oil is being pumped from a new source. It is estimated that its geological resources are twice greater than the whole oil pumped from 12 Lithuanian oil sites last year. The amount of oil gathered in Lithunia is dropping steadily but the …
Four years after PKN Orlen bought the only Baltic refinery Mazeikiu Nafta, Poland’s leading oil and gas company is still struggling to turn the €1.9bn purchase into a profitable investment, leading to widespread speculation about a possible resale of the Lithuanian plant to a Russian …
