FDI fall in Lithuania is 89%, but this isn’t tragic – FinMin
Minister of Finance and the acting Prime Minister Ingrida Simonyte advises citizens not to fall into panic over 89,3 per cent drop in Foreign Direct Investment (FDI) in Lithuania. On 11 August...
View ArticleRussian media: Lubys could buy the Mazeikiai oil refinery
The Orlen Lietuva oil refinery in Mazeikiai, which currently belongs to Polish group PKN Orlen, could be bought by Lithuania’s richest man Bronislovas Lubys in the near future, the Russian news agency...
View ArticleLithuanian Govnt cannot influence Orlen Lietuva‘s new owners
The goverment has almost no influence over PKN Orlen‘s choice of Mazeikiu Nafta buyers if the refinery were to be sold, Energy Minister Arvydas Sekmokas stated on Monday. Polish media has been...
View ArticlePolish President- Mazeikiai oil sale not discussed
Lithuania’s President Dalia Grybauskaite stated that the Mazeikiu Nafta (Now called Orlen Lietuva) refinery’s sale is not discussed yet. Grybauskaite said that the Polish President Bronislaw...
View ArticleBelarus blocks cheaper Russian electricity to Lithuania
Lithuania is experiencing a price rise of the imported Russian electricity due to the actions of the Belarusians, Lithuanian daily Lietuvos rytas reports. According to the paper, due to repairs, Minsk...
View ArticlePoland and Lithuania should both safe Mazeikiu Nafta plant
Poland’s Senate Speaker Bogdan Borusewicz has urged Lithuania to share financial burden of the troubled Mazeikiu Nafta oil refinery which was bought by the Polish PKN Orlen 2006. ‘When it comes to oil...
View ArticleEconomic arguments only will determine Mazeikiu Nafta fate
The Polish Ambassador to Lithuania Janusz Skolimowski stated that a decision on Orlen Lietuva (Mazeikiu Nafta) fate will based on economic criteria only. “PKN Orlen is a listed company, hence the...
View ArticleRussians could buy Orlen Lietuva refinery
At least seven companies are interested in buying the country’s oil refinery, Orlen Lietuva, the Polish business paper Puls Biznesu wrote. In mid-August the current owner of the refinery, PKN Orlen,...
View ArticlePolish envoy to Lithuania – Close neighbourly relations lack progress
Read a controversial interview with the Polish Ambassador to Lithuania Janusz Skolimowski that caused negative reaction from the Lithuanian Ministry of Foreign Affairs. The interview was published in...
View ArticleLithuanian PM surprised with Poland’s false accusation
Lithuanian Prime Minister Andrius Kubilius expressed his disappointment with some of the Polish politicians who are intentionally heating up the bilateral relationship between Lithuania and Poland. ‘I...
View ArticleOrlen Lietuva hot property
PKN Orlen has announced that there is significant interest in Orlen Lietuva, its daughter company and Lithuania’s oil refinery, but refused to name bidders at this point. The Orlen Lietuva case has...
View ArticleCEO: Orlen Lietuva attracting several buyers
Poland’s biggest oil company PKN Orlen said it’s received several expressions of interest in Orlen Lietuva, its Lithuanian refining unit, though it has yet to decide whether it wants to sell it,...
View ArticleLithuania should reassess its relation to Poland – daily
Lithuanian daily published an editorial urging Vilnius to reassess its relationship with Poland. The editorial was published on 3 November. The relations between Lithuania and Poland, which for a...
View ArticlePKN Orlen no longer in talks over selling Mazeikiu Nafta – Minster of Energy
Polish PKN Orlen is no longer negotiating with anybody on selling Mazeikiu Nafta (Orlen Lietuva) crude refinery, Arvydas Sekmokas, Lithuania’s Minister of Energy said to Veidas magazine. ‘As far as I...
View Article‘Poland Must Choose Between Kaliningrad and Lithuania’- interview with PM...
Read an interview with Lithuanian Prime Minister Andrius Kubilius by the Polish daily Rzeczpospolita. The interview was published in the paper on 5 December, but conducted on 4 December. What has...
View ArticleA glimpse at 2010, and Happy 2011!
The Lithuanian Tribune would like to wish you all a very happy 2011 and thank you for being with us. 2010 were intense and let us hope that the light that we see in the year 2011 tunnel is not the...
View ArticleKubilius: I Do Not Like Phrase ‘Overnight Reforms’
The Lithuanian Prime Minister Andrius Kubilius shared his thoughts on the situation in the country, on national minorities, on relations with Russia, and on many other things with the weekly in...
View ArticlePoland’s Orlen is not rushing to sell Orlen Lithuania
The oil company Orlen, owned by Poland’s government, is not rushing to sell their oil refinery factory Orlen Lithuania nor its chemical department, announced the company’s finance director in...
View ArticleWhen Polish and Lithuanian Interests Align
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...
View ArticleKlaipėda Oil opens discussions with Orlen Lithuania on product pipeline
BNS Klaipėdos Nafta (Klaipėda Oil), Lithuania’s state-owned petroleum product terminal operator, has opened discussions with Orlen Lietuva, the sole Baltic oil refinery controlled by Poland’s PKN...
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