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

Spain is committed to strengthening the common energy market

According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections. more »

IMF to Provide US$100 Million in Emergency Assistance to Haiti

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country. more »

IMF Announces Agreement in Principle with Jamaica on a US$1.25 Billion Loan

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today. more »

Korea and IMF to Co-Host a High-Level International Conference

The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010. more »

IMF Managing Director Dominique Strauss-Kahn to Visit Tokyo and Hong Kong SAR

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010. more »

Ten winners of Danske Bankas scholarships for the 2009–2010 academic year determined

After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established. more »

Regarding convocation of extraordinary general meeting of shareholders

The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank. more »

The ministers are examining “Europe 2020”, the future agenda for economic and employment recovery

Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment. more »

On the job front

How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues. more »

Commission approves public support for Vaasa regional airport in Finland

The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport. more »