Lithuanian Railways confirms that Russia has already reached some transit quotas

According to Lithuanian Railways (LTG), Russia has already reached some quotas in transit of certain goods to Kaliningrad Oblast, which were permitted by the European Commission in its guidance on transit issued in July.

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Foreign Minister doubts business could be obliged to cut ties with Russia

MP Raimundas Lopata recently proposed adopting a law that would oblige Lithuanian companies to terminate business ties with Russia, which has been recognised as a terrorist state in Lithuania. Yet Minister of Foreign Affairs Gabrielius Landsbergis has doubts about how this law would be implemented in practice.

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Adviser: 3rd electricity market liberalization stage should be postponed

The process of electricity market liberalization in Lithuania is failing, therefore, its third stage should be postponed, Vaidas Augustinavicius, a presidential adviser on economic and social policy issues, says.

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Regulator: Perlas Energija may lose electricity supply licence

The National Energy Regulatory Council (VERT), having analysed legislation, concluded that independent electricity supplier Perlas Energija made an unlawful decision to cancel its fixed-price plans and switch its customers to variable-price plans, which are determined directly by the situation in the power market.

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Minister: decision by Perlas Energija to abolish fixed-rate plans for electricity was unlawfu

Minister of Energy Dainius Kreivys has stated that the National Energy Regulatory Council (VERT) concluded that independent electricity supplier Perlas Energija made an unlawful move to abolish fixed-price plans for electricity for its customers.

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Unemployment rate stood at 5.2%

Statistics Lithuania reports that based on data of the Statistical Survey on Employment, in Q2 2022, the unemployment rate stood at 5.2% and, compared to Q1 2021, decreased by 1.1 percentage points, while compared to Q2 2021 – by 2.2 percentage points.

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European Commission approved Lithuania’s plans for EUR 7.5bn investments

The European Commission (EC) approved the Programme for the European Union (EU) Funds’ Investments 2021-2027, according to which it is planned to invest EUR 7 billion 449 thousand, announced the Ministry of Finance.

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Fertilizer maker Lifosa sees many challenges ahead as it resumes operations

Lithuania's Kedainiai-based phosphate fertilizer producer Lifosa, which is resuming operations after a nearly four-month break, is facing various challenges but hopes to overcome them all, acting CEO Regvita Ivanoviene has said.

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Head of Association of Local Authorities: no indication that municipalities would be drastically saving energy resources

President of the Association of Local Authorities in Lithuania (LSA) Mindaugas Sinkevičius says municipalities have not resorted to drastic measures to save energy resources in preparation for autumn and winter.

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Conservative MP says SocDem leader’s anti-inflation proposals are populist

Leader of the Social Democratic Party (LSDP) Vilija Blinkevičiūtė on Friday once again urged the Government to reduce value added tax (VAT) on staple foods, but her proposal drew criticism from Conservative MP Mindaugas Lingė, who stated that the MEP’s ideas would only fuel inflation.

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Energy Minister asks regulator to assess lawfulness of Perlas Energija decision to move clients from fixed-price to variable-price plans

On Friday, independent electricity supplier Perlas Energija informed its customers that it was eliminating fixed-price plans and replacing them with variable-price plans determined directly by the power market. The Ministry of Energy afterwards asked the National Energy Regulatory Council (VERT) and the State Consumer Rights Protection Service (VVTAT) to evaluate the lawfulness of the company’s move.

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Lithuanian business delegation visits Taiwan

Deputy Minister of Transport and Communications Agnė Vaiciukevičiūtė together with a Lithuanian business delegation are visiting Taiwan this week, where representatives of the Ministry and businesspeople will discuss cooperation opportunities in the area of transport and communications.

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SocDem MP proposes regulating housing rent prices

MP Gintautas Paluckas, Chair of the Social Democratic Political Group in the Seimas, has registered amendments to the Civil Code and the Law on the Local Self-Government proposing that municipalities would be allowed to limit the maximum housing rent prices. He believes this would give the local self-government more powers and help solve the shortage of housing.

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CNSD to look into impact of businesses in Russia on national security

Lithuanian parliamentary Committee on National Security and Defense is set on Wednesday to consider the impact of Lithuanian businesses operating in Russia on Lithuania's national security and will also discuss legal possibilities of restricting it.

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Perlas Energija: fixed-price customers to be moved to variable-price plan

Perlas Energija, an independent power provider in Lithuania, said on Friday it's changing plans for its all customers, and those on fixed-price plans will be moved to the variable-price plan Exchange.

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Telia Lietuva acquires cleanest 5G band worth EUR 7mn

The almost month-long auction for three 3.5 GHz radio frequency blocks is over. Telia Lietuva, the telecommunication company with the highest bid of EUR 7 million, acquired the cleanest 5G frequency band, the company said in a statement.

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Two members of Management Board of Šiaulių Bankas step down

On 4 August, Šiaulių Bankas AB has received notifications of Algirdas Butkus and Ilona Baranauskienė about their resignation from the Bank’s Management Board members, the bank said in a statement.

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Litgrid’s revenues up by 29%

Litgrid, Lithuanian electricity transmission system operator, has ensured positive reliability indicators in the first half of this year and continued to prepare for the synchronisation.

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Amber Grid's revenue grows to EUR 56.5 million

Amber Grid, the Lithuanian gas transmission system operator, saw its revenues grow to EUR 56.5 million in the first half of 2022, up 79% compared to EUR 31.6 million in the same period last year, the company said in a statement.

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Ignitis renewables is exploring Estonian offshore market

Ignitis Renewables, an international green energy company, has applied to the Estonian Consumer Rights and Technical Regulation Authority to participate in the tenders for a seabed lease in the areas south of the island of Saaremaa, the company said in a statement.

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