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

Green jobs the key to a sustainable economy

The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday. more »

Gas supply crises: better protection for householders

Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday. more »

Estonia joins the euro-family

Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency. more »

Deposit guarantee schemes – part 2

Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies. more »

Greener, more competitive farming after 2013

How should the EU's farm policy be reshaped and how should it be funded after 2013? more »

European Parliament ushers in a new era for bankers' bonuses

MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses. more »

The European Parliament's position on financial supervision

Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets. more »

Magnetic Europe: Big plans for tourism industry

New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy. more »

Commission gives details of who received EU funds in 2009

The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid. more »

€ 30 million EU support for the promotion of agricultural products

The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union. more »