French investors interested in doing business in Lithuania

Published: 25 December 2000 y., Monday
Representatives of French companies Gaz de France, Electricite de France, Bull International, Bouyges Batiment, Connex Transport, Renault Agriculture, Dalkia, Thomson and banks BNP Paribas and Societe Generale who were on a two-day visit in Lithuania expressed interest in doing business in Lithuania. It is the largest group of French businessmen to come to Lithuania from the re-establishment of Lithuania’s independence in 1990. Dalkia, which has already established its position in Lithuania, would like to become the largest French investor in Lithuania and plans to invest about 15 million Litas (USD 3.8 mln). Lithuanian company Litesko, controlled by Dalkia, already leases city and regional heating supply companies, as well as modernises them. Connex Transport, servicing French railways and transporting passengers, is interested in the privatisation of the state-owned company Lietuvos Gelezinkeliai (Lithuanian Railways), and the IT company Bull International is willing to participate in projects related to tax administration and customs work. Electricite de France would like to take part in the privatisation of the electricity distribution grid, when the government decides to sell it, and in shutting down of the first unit of the Ignalina Nuclear Power Plant. Gaz de France, which has 12 million consumers, would like to acquire the state-owned gas utility Lietuvos Dujos (Lithuanian Gas). French direct investment in Lithuania makes up 96 million litas (USD 24 million)or one percent of all FDI. Lithuania's ten-month exports to France came to 575 million litas (USD 140 mln)and imports amounted to 773 million litas (USD 193 mln).
Šaltinis: lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

China bought Volvo

In Gothenburg Sweden a deal is done for Volvo. A delegation from China’s Zhejiang Geely Holding Group, China’s largest private-run car maker, was given the red carpet treatment when it agreed to buy Ford Motor’s Volvo car unit for 1.8 billion dollars. more »

Zapatero hopes to reach employment figures of 70 percent for women in the EU by the year 2020

The President of the Spanish Government and current rotational President of the European Union, José Luis Rodríguez Zapatero, affirmed this Sunday that during his presidency of the EU, Spain will continue to support the inclusion of the "complete affirmation of equality between men and women" within the new economic strategy. more »

UniCredit Bank Lithuanian Branch resisted the economic recession

Despite the unfavorable macroeconomic situation, AS UniCredit Bank Lithuanian Branch achieved positive activity indicators in 2009: the bank branch operated profitably, the total loan portfolio and assets increased and the number of customers grew. more »

2011 budget: Parliaments spells out its priorities

Young people, economic recovery and research should be the EU's top budgetary priorities, said the European Parliament on Thursday, when it became the first EU institution to adopt an opinion on next year's budget. more »

Eurogroup countries give their support to the aid mechanism for Greece

The sixteen leaders of the euro area countries (the Eurogroup) have given their support to the financial aid mechanism for Greece; this involves the participation of the International Monetary Fund (IMF) and of the euro area countries through bilateral loans. more »

European social partners meet EU to debate exit from the crisis and Europe 2020 strategy

Today, President of the European Commission José Manuel Barroso, President of the European Council Herman Van Rompuy and Spanish Prime Minister José Luis Rodriguez Zapatero representing the Presidency of the Council met the European social partners to look at how Europe can exit the current economic and financial crisis. more »

Parliament backs aid to unemployed in Lithuania

Around 1,100 former furniture and textile workers in Lithuania will receive EU aid worth €1.2 million following a vote by Parliament on Thursday. more »

Developing countries facing the “abyss” says report

An estimated 100 million people in developing countries will fall into extreme poverty because of the economic and financial crisis, according to a report being presented Wednesday evening in the House. more »

EU to make its first formal decisions on the common economic strategy for the next ten years

The Heads of State or Government of the EU-27 will make their first formal decisions in the process to develop the “Europe 2020” strategy that aims to achieve sustainable economic growth, job creation as well as recognition for the European social model. more »

Telecoms: Lithuania withdraws proposed regulatory measures on network access market

On 16 March 2010 the Lithuanian Authority, Ryšių reguliavimo tarnyba (RRT), informed the European Commission that it was withdrawing its proposed measure on network infrastructure access markets. more »