Construction of the Lithuanian Visaginas nuclear power plant (NPP) could begin in 2015 at the earliest, says the Economy Minister Arvydas Sekmokas.
The Lithuanian parliament has yet to pass a strategy, after which the planning process can be launched.
Total costs of the NPP project are expected to hit €5bn, reports New Europe.
The project will be financed in three installments – €62m will be allocated during the 12 months following the parliament’s decision. The next installment of €150m would be earmarked during the following 18 months. The remaining sum will be allotted until March 2015 at the latest.
As reported, Lithuania would hold 38 percent of the stake, which may cost as much as $6.5 billion. Estonia could have 22 percent of the share, but Latvia and a Japanese reactor-builder Hitachi Ltd – 20 percent each.
A concession agreement for construction of the plant was signed with Hitachi back in March. It must be approved by the Lithuanian parliament until June 28.
The Lithuanian government plans to build the nuclear reactor by 2020.
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- Lukashenko: Belarus wants to build two NPPs
- President of Lithuania: Lithuania cannot «carry» Visagina NPP project alone
- Prime Minister: we can say «no» to the Visagina project
- Lithuanian parliament approves Visagina NPP construction
- Estonia still to decide on its role in Lithuanian NPP
- Kubilius: Visaginas NPP could operate profitably without subsidies
- Latvia could receive 20% of shares of Visagina NPP
- Lithuania concludes their Visagina NPP negotiations with Hitachi
- President finds the Visagina NPP project good for Latvia
Latvian Education and Science Ministry (ESM) plans to allocate an additional 2.3 million LVL for salaries of school coaches.
In order to resolve the Liepājas metalurgs (LM) crisis, not only was Prudentia attracted without contest, but other specialists as well. Their attraction, which is expected to cost 100 000 LVL to the state budget, has been entrusted to Prudentia.
The state of Latvia annually loses up to 100 million LVL due to fuel contraband. This money could be potentially gained from excise tax on oil products, industry representatives note. According to them, the problem of fuel contraband is still notable in Latvia.
Latvia is a leader in the creation of a “New silk road”, which could be used after the end of the mission in Afghanistan, notes U.S. transportation command Commander Gen. William Fraser. He highly praised Latvia's contribution to the function of the Northern Distribution Network.
Moscow traffic police pay more attention to cars with foreign license plates because such vehicles are often used in crimes, according to the press office of the State Traffic Safety Inspectorate for Moscow.
Latvian residents overpaid a total of 12 million LVL when purchasing expensive compensated medications last year, as reported by the director of the National Health Service Maris Taube at the opening of the “Ārstējies nepārmaksājot” (Don't overpay for treatment) informative campaign.
Sales of the Galaxy S4 smartphone have reached 10 million in «record» time, Samsung announced on May 23.
Compared to March, the overall level of producer prices in Latvian industry in April 2013 increased by 0.1%. The producer prices of products sold on the domestic market rose by 1.1%, whereas prices of exported products reduced by 0.9%.
An 80-year-old Japanese mountaineer became the oldest person to reach the top of Mount Everest on Thursday — although his record may last only a few days. An 81-year-old Nepalese man, who held the previous record, plans his own ascent next week.
I deny the information that the whereabouts of the suspended director of the Customs Criminal Office of the State Revenue Service Vladimir Vaskevics are unknown, says his wife business woman Inara Vilkaste.
US car giant Ford Motor will shut all its Australian manufacturing plants by October 2016, after more than 85 years of making vehicles in the country.
Bomb disposal specialists of the Latvian National Armed Forces (LNAF) successfully neutralized the 500 kg aircraft bomb that was recently found in Ventspil port.
Yesterday, May 21, a 500 kg large aircraft bomb was found on the premises of Ventspils port, 3rd Zemessardze disttict headquarters representative Zanda Tamulone reports.
On Wednesday, May 22, the Enterprise Register of the Republic of Latvia registered a joint company - Kredītinformācijas Birojs – founded by a number of Latvian commercial banks – SEB bank, Swedbank, Nordea, DNB bank, Citadele bank and ABLV Bank. The goal of the newly founded enterprise is to have it function as a credit bureau.
- Lithuania may seek another ban of farming land sale
- Lithuania requires company names to be in Lithuanian | 1
- Estonian PM: Lithuanians need a new referendum | 1
- Hörmann to build regional logistics hub near Vilnius
- Lithuania's biggest credit union may become a regular bank
- Lithuanian apartment prices down in Q1, old house prices rise
- Lithuania to renew nuclear talks with Hitachi and Baltic States
- Hesburger to build a mayonnaise plant in Lithuania
- Estonians to develop four office buildings in Vilnius for EUR 44m
- Kaunas airport grows in popularity among Latvians
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- Oil deposit exploration in Latvia's waters; project managed by people close to Lembergs
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Top 5 Video
me @ 2013-05-24 10:23:36
Français abusés @ 2013-05-23 20:13:55
Nous avions cru bien faire en offrant une voiture renault clio en très bon état à une femme lettone qui prétendait ne pas en avoir et qui ne parlait que de sa misérable vie. Depuis Paris, Il a fallu prendre le bateau en Allemagne pour livrer la voiture à Riga. En réalité, elle était propriétaire d'une LANCIA qu'elle avait bien cachée
Egon @ 2013-05-23 12:07:44
Brian @ 2013-05-23 09:51:35
@ 2013-05-23 09:20:57