EconomyAn unnamed customer has booked 0.95 terawatt-hours (TWh) in additional regasification capacity, or approximately one large gas carrier, at the Klaipeda liquefied natural gas (LNG) terminal. There are no disruptions in Lithuania's energy sector after the country was placed under quarantine due to the new coronavirus, and energy projects are being smoothly implemented, the energy minister and executives of the power and gas transmission operators say. Lithuanian Industrialists' Confederation: all businesses affected by coronavirus crisis2020-03-26, 09:38The coronavirus crisis and a nationwide quarantine in place in Lithuania for a week now are affecting all businesses, but the extent of its impact varies across sectors. Gas imports to Lithuania rose almost 44 percent in the second half of last year, from the same period in 2018, despite the fact that gas consumption in the country dropped by a tenth. Lithuania's State Tax Inspectorate has published a list of 32,000 businesses directly affected by the coronavirus crisis. Lithuania's Klaipedos Nafta, LG to step up handling, transportation of Belarusian oil2020-03-23, 10:24Lithuania's oil handling company Klaipedos Nafta (Klaipeda Oil) says it has taken additional technical measures to free up its storage facilities after a second tanker with crude oil for Belarus arrived in Klaipeda on Friday. Sweden's Swedbank has been fined with SEK 4 bn (EUR 360 mln) for serious deficiencies in its management of the risk of money laundering in its Baltic operations. The continuous supply of essential goods and vital medical and protective equipment within the Single Market is key to addressing the COVID-19 crisis. Ambitious, showing solidarity, effective and therefore significant: this is a plan that today the Ministry of Finance has submitted to the Government together with the Ministry of Social Security and Labour, the Ministry of Economy and Innovation, the Ministry of Health, and the Bank of Lithuania. It is planned that 10% of the country’s gross domestic product (GDP) will be allocated for the implementation of all measures, which will amount to EUR 5 billion. This is an unprecedented injection of the Government into the country’s economy. The Lithuanian government endorsed on Monday an unprecedented 5-billion-euro economic stimulus package to help mitigate the negative impact of the coronavirus-sparked crisis on workers and businesses. |
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