Week in Lithuania: Railroad company dismisses about 2,000 employees, Estonian logistics center is acquired, Ryanair invests in Kaunas-Balto News Network

Last week, top news in Lithuania was the announcement of a major dismissal at railroad company LTG Cargo, Lithuanian businessmen who acquired the Estonian logistics center, and plans for Ryanair Airlines to expand its aircraft maintenance base in Kaunas. ..

President of Lithuania Congratulates Macron’s Re-election

Lithuanian President Gitanas Nauseda congratulated French President Emmanuel Macron on Sunday night for being re-elected on Monday, April 25, after an exit poll showed that he had won the vote on Sunday. «Dear friend @EmmanuelMacron, congratulations on winning the presidential election! We pray for the strength and courage to lead France in difficult times for all Europe, “said Nausheda, who looks forward to working together to further strengthen the EU and NATO and support democratic values. I added.

Lithuania calls on EU to sanction Russian Orthodox Bishop Kirill

Lithuania has proposed to the European Union to impose sanctions on Russian Orthodox Bishop Kirill to support Russia’s war in Ukraine, Lithuanian Foreign Minister Gabrielius Landsbergis said on Monday, April 25. However, the Orthodox Church of Lithuania from Moscow’s subordination emphasizes that the community makes the final decision.

Capitalica fund completes acquisition of distribution center near Tallinn

Capitalica Asset Management, an investment management company of the SBA Group in Lithuania, announced on Tuesday, April 26, that it has acquired a two-building logistics facility in the Juli district south of Tallinn, the capital of Estonia. The Capitalica Green Logistics Fund has been created in line with the fund’s goal of expanding its presence in the Baltic logistics market since its inception in 2021 and accumulating assets of over € 100 million over the next few years.

Ryanair expands Kaunas aircraft maintenance base and invests € 15 million

Ireland’s low-cost carrier Ryanair plans to expand its aircraft maintenance base at Kaunas Airport in Lithuania with an investment of € 15 million. The hangar will double the capacity of Ryanair in Kaunas, the company said on Tuesday, April 26. Maintenance hangar after winning a bid to lease land. Construction of the hangar will begin in late 2022 and is expected to be completed within a year. The project is expected to create 200 new jobs for highly skilled aeronautical engineering, mechanical and management professionals. The company currently employs 270 people in Lithuania, most of whom work in Kaunas.

Lithuanian ports appear to strengthen business relations with Taiwan

The port of Lithuania in Klaipeda hopes to establish closer relationships with Taiwanese companies and generate more cargo flow through its representative office on the island of Lithuania, said port CEO Argisla Takas. Said on Tuesday, April 26th. That’s € 19 million, or 0.07 percent of total exports, and the value of imports is € 66.1 million, or 0.23 percent. Lithuania exported various products to the island, mainly importing equipment and machinery from the island.

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Authorities will monitor the situation prior to May 9 to prevent provocation

Prime Minister Ingrida Simonite said on Wednesday, April 27, Lithuanian authorities were monitoring the situation before May 9 to prevent provocation. The National Security Agency warned on May 9 that there could be provocation and violence in Lithuania. According to intelligence agencies, the May 9th Memorial Ceremony is likely to be held again this year at the Soviet soldiers’ cemetery in Lithuania. Such commemorative ceremonies are held by Russian diplomats and Russian expatriates in various cities and towns of Lithuania. These events are usually attended by hundreds of people wearing St. George’s ribbon, which was recently banned by the Lithuanian parliament due to the war in Ukraine. The ban came into effect on April 21, after the bill was passed by President Gitanas Nauseda. Intelligence also pointed out that demonstrations in support of Russia’s war in Ukraine have already been held in some EU countries, and some systematic efforts have been seen in the preparatory phase by May 9. Said that it might be.

Lithuanian GDP grew about 4% in the first quarter of 2022

Most economists estimate that Lithuanian’s economy grew by just over 4% in the first quarter of this year compared to the same period last year. Four of the six experts surveyed had GDP growth of 4-4.4% in the first quarter, one analyst growth of 3.2%, and another analyst 1.5%. It states that it is a growth of. The majority of experts said the war in Ukraine had not yet had a significant impact on the Lithuanian economy in the first quarter, adding that industrial production and a low comparison base boosted the indicators. According to economists, the country’s economy grew rapidly from January to March, and Lithuania was under severe blockade a year ago, so a low comparison base made a good decision. Good manufacturing and export results also had an impact.

Border guards return 16 irregular migrants to Belarus

The Lithuanian border guard has alienated 16 migrants illegally trying to cross the country from Belarus in the last 24 hours, the State Border Guard (SBGS) said on Thursday, April 28. It’s been stable these days. SBGS also said that five bullets were fired on the Belarusian side of the border near the city of Druskininkai around midnight, but did not identify whether this was related to illegal immigrants. So far this year, a total of 1,449 people have been blocked from Belarus to Lithuania in undesignated locations.

Lithuanian Railways fires about 2,000 employees

Lietuvos Geležinkeliai (Lithuanian Railways, LTG) plans to dismiss approximately 2,000 of its more than 9,000 employees on Thursday, April 28, with approximately one-quarter of the state-owned group’s management staff at various levels. Will be fired. The company said in a press release that it would allocate € 6 million in severance pay to its employees. The planned layoffs will affect approximately 1,200 people at the Group’s freight subsidiary LTG Cargo, about 500 people at the infrastructure subsidiary LTG Infra, and about 300 people at LTG. Currently, the group has a total of approximately 9,200 employees. The company previously said it could lose about € 150 million in revenue this year as cargo volume is projected to halve to about 26.5 million tonnes compared to last year. LTG’s annual sales have fallen by approximately 11 million tonnes due to EU and US sanctions against Belarus’ Cali giant Belarus. This will reduce annual revenue by € 61 million. Week in Lithuania: Railroad company dismisses about 2,000 employees, Estonian logistics center is acquired, Ryanair invests in Kaunas-Balto News Network

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