Week in Lithuania: Russian-owned refrigerator maker files for restructuring, Bayraktar drone arrives, to be handed over to Ukraine – Baltic News Network

Last week the opposition said it would challenge the constitutionality of Landsbergis’ status, 70 new cases of Covid-19, one death reported in a single day

Nausėda invites US energy company to invest in Lithuania

President Gitanas Nausėda, visiting Philadelphia last weekend, invited the American energy company Holtec to invest in Lithuania. Nausėda met with Holtec International President Kris Singh on Saturday, July 2, and invited the company to invest in Lithuania and establish a service center division, as well as cooperate closely with Lithuanian scientists from the energy, said the office of the Lithuanian president.

Refrigerator maker Snaigė seeks restructuring

Snaigė, the only refrigerator manufacturer in the Baltics, filed for restructuring. According to a draft restructuring plan approved by its shareholders, Snaigė on Monday (July 4th) requested the Kaunas regional court to open restructuring proceedings, said the company, which is indirectly controlled by Russian Polair and now affected by sanctions. . The restructuring plan includes manufacturing and selling more proprietary professional, medical and household refrigeration appliances and divesting some assets. Snaigė expects to increase its revenue to more than 35 million euros in 2026, compared to nearly 25 million euros forecast for 2022. The company’s net profit is expected to reach around 270,000 euros in the first year of the restructuring and exceed one million euros last year. .

Lithuanian and Moldovan presidents discuss regional security and energy issues

Moldovan President Maia Sandu visited Lithuania on Wednesday 6 July. Guest and President of Lithuania Gitanas Nausėda discussed regional security, energy independence, Moldova’s cooperation with the EU and Lithuania’s support to Moldova on the road to European integration , said the Lithuanian presidential press service.

Maxima Grupė issues banknotes worth 240 million euros

Maxima Grupė, the largest retail group in the Baltics, placed a €240 million issue of five-year senior unsecured notes. The bonds were subscribed by institutional investors from the Baltic and Nordic countries, as well as the United Kingdom and Poland, the Vilnius-based company announced on Tuesday (July 5th). The notes attracted strong investor interest and were issued at a fixed annual interest rate of 6.25% and a yield of 6.5%. The Notes are expected to be listed on Euronext Dublin and Nasdaq Vilnius. The group placed its first bond issue of €300 million in September 2018, followed by two one-year bond issues, worth €40 million and €35 ​​million, in March 2021 and March 2022. Maxima Grupė has retail chains operating under the names Maxima in the Baltics, Stokrotka in Poland and T-Market in Bulgaria, and the Baltic and Polish online grocery store Barbora.

Bayraktar drone arrives in Lithuania to be handed over to Ukraine

A Bayraktar combat drone has been delivered to Lithuania for handover to Ukraine, Defense Minister Arvydas Anušauskas announced on Tuesday (July 5th). The ministry used the money donated by the Lithuanians to equip the Bayraktar TB2 unmanned combat aerial vehicle given to Lithuania free of charge by Turkey’s Baykar. The manufacturer’s decision came after the Lithuanians donated 5.9 million euros to a campaign to buy a Bayraktar drone for Ukrainian forces fighting the Russian invasion. Some 1.5 million euros of the funds raised were used to equip the drone. Internet broadcaster Laisvės TV, the fundraiser, decided to use the remaining sum for other forms of assistance to Ukraine.

Car cleaning company claims 50,000 customer data leaked

Švaros Broliai, a Lithuanian car wash and cleaning service provider, said on Monday (July 4th) that hackers had leaked the data of around 50,000 customers, such as names, car registration numbers, email addresses and phone numbers, stolen from its cleaning center booking system. The company said payment information, such as bank details and payment card details, and other highly sensitive data, such as PINs and home addresses, were not stored in the leaked database. The data was allegedly stolen by Russian hackers, according to the director.

The Prime Minister’s car collided with a scooter in Vilnius

The VIP department car with Prime Minister Ingrida Šimonytė collided with a girl riding a scooter in Vilnius, Lithuanian media reported on Thursday (July 7th). The accident happened around 9 a.m. on Wednesday on Gediminas Avenue in central Vilnius. Neither the girl nor the VIP department officer had any complaints and the car was not damaged, according to reports. Following the incident, the Prime Minister’s car continued its journey to the Seimas.

Lithuania reports 70 new Covid-19 cases, one death

Lithuania recorded 70 new coronavirus infections and one death from Covid-19 on Wednesday July 6, according to official statistics for Thursday July 7. Some 61 of the new cases were primary and the remaining nine were secondary. The number of Covid-19 patients in hospitals currently stands at 91, including five cases in intensive care. The 14-day primary infection rate rose to 158.8 cases per 100,000 people, with the percentage of positive tests over seven days reaching 35%. However, the daily number of new coronavirus cases is still well below the peak of more than 14,000 reached in early February. Over a million people in Lithuania have tested positive for Covid-19 at least once.

Lithuania plans to issue single permits for cement in Kaliningrad

With three days left before Russian cement and alcohol are added to the EU blacklist, a new proposal has emerged on how the Kaliningrad region could be supplied if the transit of these goods via Lithuania was suspended. Laima Liucija Andrikiene, Chairwoman of the Lithuanian Parliamentary Foreign Affairs Committee, confirmed to the 15min.lt news site on Friday (July 8th) that the possibility of issuing one-off permits for the transport of cement in exceptional cases was now on the table. . . Lithuania has banned the transit of steel and ferrous metals through its territory from mainland Russia to Kaliningrad after the entry into force on June 17 of EU sanctions, which are part of the fourth package of sanctions adopted at the half-March. Additionally, as part of the sanctions package, a transit ban on cement, alcohol and other products is set to come into effect on July 10.

Opposition to the question of the constitutionality of the statute of Landsbergis

The opposition will turn to the Constitutional Court over the parliament’s recent decision to grant head of state status to Vytautas Landsbergis, Ramūnas Karbauskis, chairman of the opposition Farmers’ Union and greens. Parliament last week recognized the chairman of the Supreme Council, the post held by Vytautas Landsbergis at the time, as Lithuania’s first head of state after declaring independence from the Soviet Union on March 11. 1990. According to the leader of Farmers and Greens, the decision contradicts both the situation and the logic itself.

Virginia C. Taylor