Lithuania’s central bank said it’s reviewing the qualifications of a group of companies and persons that want to buy the Finasta investment banking unit of bankrupt Bankas Snoras AB and remains open to other bidders.
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 ordered Klaipedos Nafta AB to halt a tender to build a link between a liquefied natural-gas terminal and the country’s grid after a protest from a bidder, Baltic News Service reported.
Latvia will apply tomorrow to the European Union for permission to adopt the euro next year after the government confirmed the country meets all legal and economic criteria, the Baltic News Service reported.
Viktor Uspaskich, leader of Lithuania’s Labor Party, has been admitted to hospital after suffering a suspected heart attack, the Baltic News Service reported, citing the cardiology unit that’s treating him.