OAO Gazprom is offering Lithuania unacceptable terms in return for lower gas prices, President Dalia Grybauskaite said, suggesting the Russian export monopoly wants the government to drop arbitration proceedings.
Lithuanian Economy Minister Birute Vesaite urged the government to alter its energy tactics to seek cheaper natural-gas supplies from Russia’s OAO Gazprom and reject a nuclear reactor that Japan’s Hitachi Ltd. proposed.
A Lithuanian court imposed prison sentences on two leaders of Lithuania’s Labor Party, part of the ruling coalition, after finding them guilty of fraud, the Baltic News Service reported, citing a ruling in the capital, Vilnius.
Latvia’s budget deficit will narrow more than the government estimated this year, reaching 2.1 percent of gross domestic product, the Baltic News Service cited Prime Minister Valdis Dombrovskis as saying.
Estonia’s parliament may end subsidies for renewable-energy producers from 2021 to simplify the aid system, Kaja Kallas, the head of the parliament’s economic affairs’ committee, told Baltic News Service.