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Klaipeda port CEO puts cost of building outer port at around EUR 800 mln

The chief executive officer of the Lithuanian seaport of Klaipeda says that building an outer port may cost an estimated 800 million euros, adding that the port's authority would prefer it to be a concession project and that the bulk of the new capacity would be used for handling containers, reports LETA/BNS.... Read more...

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Lithuanian mayor invites Bono to visit shopping mall

A mayor in northeastern Lithuania has invited U2 frontman Bono to visit the shopping mall in Lithuania that he allegedly owns part of due to low-tax Malta investments whose documents were recently leaked. Utena mayor Alvydas Katinas says he has written to the Irish rocker to see the Ausra shopping center, which sits 95 kilometers north of Vilnius, the capital.

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The Paradise Papers shine a light on secrets of 'the system'

Once again we glimpse the secretive ways the uber wealthy squirrel away billions without actually breaking the law, writes Mark O'Regan IN THE SHADOWS: A view of Hamilton Harbour in Bermuda at dusk last week. Money from the Queen's private fund is said to have been paid into an offshore fund on the British island territory.

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Bono - distressed' by Paradise Papers allegations

Singer-songwriter Bono expressed concern that a Lithuanian shopping centre he invested in may have avoided paying profit taxes, The Guardian reports. The U2 singer's ties to the shopping centre were revealed in the Paradise Papers, a global investigation into tax havens and the offshore financial dealings of multinational corporations and wealthy individuals.

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Serbian, U.S. paratroopers to earn 'wings' during bilateral military exercise

Serbian and U.S. paratroopers will jump side-by-side during a joint exercise aimed at strengthening military ties with Serbia, the U.S. general in charge of NATO's Allied Air Command said, a move that could trigger protests from Moscow. FILE PHOTO: U.S. Air Forces in Europe Commander Tod D. Wolters speaks during NATO Baltic air policing mission takeover ceremony in Siauliai, Lithuania August 30, 2017.

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Ridango Wins Important Ticketing Solution Tender in Lithuania

Ridango has won a public procurement in Lithuania, as a result of which a new ticketing system, which is similar to the ones used in Tallinn and Tartu, will be installed in the buses of Klaipeda. As a result of the concluded contract, Ridango's technology will be used in 231 public transport vehicles of Klaipeda, where over 400 validators will be installed.

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Bono tells of 'distress' after Paradise Papers reveal Malta venture

U2 frontman Bono has said he would be "extremely distressed" if a business venture he was involved in was found to have fallen foul of any tax laws in Lithuania. U2 frontman Bono has said he would be "extremely distressed" if a business venture he was involved in was found to have fallen foul of any tax laws in Lithuania.

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Lithuania Expects NATO to Reach Deal on Baltic Air Shield

Norwegian F-16 fighters, right, and Italian Typhoon fighters patrol over the Baltics during a NATO air policing mission from Zokniai air base near Siauliai, Lithuania, May 20, 2015. Lithuania expects NATO to reach an agreement next year to shield Baltic countries with air defenses, plugging a gap in its security against Russia, its defense minister said Tuesday.

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EU hopes leaks lead to Europe-wide deal against tax havens

A man walks in the Ausra shopping mall in Utena same 100km north of the capital Vilnius, Lithuania, Monday, Nov. 6, 2017. Leaked papers revealing investments in tax havens by the world's wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania.

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EU hopes leaks lead to Europe-wide deal against tax havens

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EU hopes leaks lead to Europe-wide deal against tax havens

Leaked papers revealing investments in tax havens by the world's wealthy suggest U2 frontm... Voters in Virginia, New Jersey picking new governors in contests that could be an early referendum on President Donald Trump. Voters in Virginia, New Jersey picking new governors in contests that could be an early referendum on President Donald Trump.

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Bono's tax gymnastics are the epitome of double standards

The 'Paradise Papers' have revealed that Bono used a firm based in a tax-haven to buy a shopping centre in Lithuania Not long ago, Bono's trendy anti-poverty lobby group, One, launched a blistering public attack on secretive foreign tax havens that allow very rich people to squirrel away their wealth. At a press conference in Brussels, where MEPs were debating new anti money-laundering laws, it sternly declared that tax havens were preventing 'massive sums' from being spent on the all-important 'fight against extreme poverty, disease, and hunger'.

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Five strangest things we learnt from Paradise Papers

The release of the so-called Paradise Papers , a trove of more than 13m documents detailing the offshore investments of the world's mega-rich has caused a sensation around the world. In what might be one of the oddest match-ups revealed in the Paradise Papers, the documents show that the U2 frontman owned a share in a shopping centre in the Lithuanian city of Utena .

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Bono, Madonna named in the leaked Paradise Papers

Politicians aren't the only famous faces named in the leaked "Paradise Papers" - Bono, Madonna and actress Keira Knightley all pop up, too. The papers - which were released Sunday by the International Consortium of Investigative Journalists after being obtained by a German newspaper - include 13.4 million documents that detail offshore holdings by high-profile figures like Wilbur Ross, Rex Tillerson and Queen Elizabeth II.

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Will LNG vessel leave Klaipeda?

As Klaipedos Nafta is thinking about what to do with the Klaipeda LNG terminal's floating storage and regasification unit , named Independence, after its lease contract expires in 2024, analysts and market participants say that Lithuania will continue to need liquefied natural gas, but green energy supporters argue that the long-term outlook for the fuel is uncertain, writes BNS/LETA.... Read more...

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Ministry: Lithuanian businesses consider buying gas from LNG distribution station

Some Lithuanian companies are seriously considering construction of their own liquefied natural gas stations to buy gas from the new LNG distribution station in Klaipeda, says Energy Minister Zygimantas Vaiciunas, cites LETA/BNS.... Read more...

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LNG reloading station opens in Klaipeda

A 28-million-euro liquefied natural gas reloading station will be officially opened in Klaipeda on Friday, exactly three years after the Independence floating storage and regasification unit arrived in the Lithuanian port from a South Korean shipyard, informs LETA/BNS.... Read more...

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Klaipeda FEZ invests EUR 2.7 mln in a universal production building

Lithuania's KlaipA-da Free Economic Zone is investing EUR 2.7 into a 6,000 sq. m universal production building for prospective investors, the first of a kind in the Baltics and Poland.

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Russia's neighbor Lithuania gets missile system

VILNIUS, Lithuania - Lithuania, which borders Russia's Kaliningrad exclave, has signed a contract to get a permanent surface-to-air missile system within three years. Defense Minister Raimundas Karoblis says the country has "started to fill in a major gap in our national defense system."

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Albritght International investing EUR 3 mln in Klaipeda plant

Albright Lietuva, the UK-owned manufacturer of switches and contactors located in the free economic zone of Klaipeda by adding a new production facility built for about 3 million euros next year, is expanding its operations in Lithuania, Verslo Zinios daily reported, cites LETA/BNS.... Read more...

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