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

Financial services: Commission adopts additional legislative proposals to strengthen financial supervision in Europe

The European Commission has adopted additional legislative proposals today to further strengthen financial supervision in Europe. more »

Dealing with derivatives

The EU has announced plans to regulate the market for derivatives – complex financial products that helped trigger the financial crisis. more »

Milk price crisis: Parliament gives go ahead to new measures

New proposals to help EU farmers through the milk price crisis were backed by Parliament on Thursday. more »

JEREMIE & JESSICA: Innovative financial instruments help regions and cities to overcome their investment needs

The European Commission and the European Investment Bank (EIB) Group are organising a conference in Brussels on 22 and 23 October to further promote two initiatives designed to increase the use of financial engineering instruments in the framework of cohesion policy. more »

Construction of Finnfoam’s thermal insulation production plant started

The biggest thermal insulation production manufacturer in Finland “Finnfoam” has started the construction of a thermal insulation production plant in Kaunas FEZ. more »

EIB supports Hungary with EUR 350 million

The European Investment Bank (EIB) is providing two loans in Hungary. more »

European Commission, International Financial Institutions and EU Member States agree Western Balkans Investment Framework

Key Western Balkan projects to benefit from new funding EU, IFI financing to focus on infrastructure, SMEs and energy efficiency. more »

Lithuania, Belarus and China will develop East-West transport corridor

Lithuania, Belarus and China will cooperate in the development of the initiative of the East-West transport corridor. more »

Bank SNORAS will provide preferential credits to farmers and agricultural companies

On October this year AB Bank SNORAS will provide preferential UAB “Guarantee Fund of Agricultural Loans ” purpose loans to farmers and companies, which scope of activity is economic activity and processing of agricultural production. more »

Car workers in Austria to get help from EU Globalisation Fund

The European Commission has today approved an application from Austria for assistance under the European Globalisation Adjustment Fund (EGF). more »