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

Emerging Market Countries Partner with World Bank to Achieve Risk Management Objectives

The World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk. more »

State aid: Commission authorises support package for Lithuanian financial institutions

The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis. more »

European Commission forecasts average crop production for 2010 in the EU despite extreme weather

Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased. more »

In the first half of this year AB Bank SNORAS and its financial group worked profitably

According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions. more »

Denmark: EU €10m to help 1,149 former Linak A/S and Danfoss Group workers find new jobs

The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF). more »

EIB provides EUR 150 million innovative recovery support loan to SMEs in Turkey

The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey. more »

AB Bank SNORAS will increase the authorized capital by LTL 82.3 million up to LTL 494.2 million

On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107. more »

Heads of State, WB President Zoellick Agree on Action Plan to Boost Integration and Development

Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures. more »

IMF Executive Board Cancels Haiti’s Debt and Approves New Three-Year Program to Support Reconstruction and Economic Growth

The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million). more »

IMF Completes Third Review Under Stand-By Arrangement with Latvia and Approves €105.8 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA). more »