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balticreports.com
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Estonia to reform gas sector
TALLINN — Echoing Lithuania, the Estonian government announced on Wednesday that it plans to unbundle national energy company Eesti Gaas to break Gazprom’s hold over the country’s gas market.
The ruling coalition met Wednesday and agreed to start developing a bill in September that would split the company’s transmission and sales divisions into separate companies. Eesti [...]
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Maxima turnover €1 bln in Baltics
TALLINN — Lithuanian-based chain Maxima posted a net turnover of €1 billion in the three Baltic states during the first half of 2010, 11.1 percent smaller compared to the same period last year.
Maxima’s net turnover in Estonia was fell by 3.2 percent to 1.93 billion krooni (€123.3 million). The decrease is the smallest that the [...]
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€141 mln for Citadele
RIGA — Citadele, the fiscally-healthy offshoot bank of Parex, had its capital increased by 99 million lats (€141 million) to make a total of 101 million lats.
Citadele was created to be the stable part of Parex Bank, which was nationalized in 2008. The new bank will be responsible for lending to consumers and holding their [...]
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Family dispute ends in Molotov cocktail attack
JONAVIŠKIAI, Lithuania — The saying “a Lithuanian is only happy when his neighbor’s house is on fire” came to life in teh village of Jonaviškiai after a family dispute over property ended in a Molotov cocktail attack.
The dispute with a relative over a property turned nasty when Molotov cocktails, glass bottles filled with petrol and [...]
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State car company sale the first of many
VILNIUS — Lithuania’s State Property Fund wants to sell its 87 percent stake in car rental company Autoūkis, the first of a long-term shake up of state owned companies.
Some of them will be sold off for cash to be used for other government purposes, while some need to be streamlined by private owners. Recently the [...]
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