bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 16.01.2019 | Name days: Lida, Lidija

Rail Baltica’s management picks Ignas Degutis as Interim Chief Executive Officer

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe supervisory board of RB Rail has picked the company’s finance director and board member Ignas Degutis as Baiba Rubesa’s replacement as the interim CEO of the company, as confirmed by the decision made by Rail Baltica supervisory council.

This decision was made after the resignation letter from Baiba Rubesa was received.

Degutis joined RB Rail AS as Chief Financial Officer and was appointed as Member of the Management Board on April 24, 2017.

Degutis led the Economics division at Klaipedos Nafta AB and oversaw the financing scheme of the LNG terminal development project in Klaipeda that involved funding from credit facilities, gas sector regulatory environment and EU grants. His professional record also includes transaction and risk advisory services at Ernst & Young as well as other positions in telecommunications and insurance sectors.

In 2015 Degutis joined the largest state owned energy company in Lithuania, Lietuvos Energija UAB, in order to plan, develop and implement financing schemes of the combined heat and power plants in Vilnius and Kaunas. Since January 2016, Mr. Degutis has been serving as Chief Financial Officer for Vilniaus kogeneracinė jėgainė UAB, part of the Lietuvos energija group, with a focus on the implementation of the Waste-to-energy CHP and Biomass CHP project in Vilnius.

«There is a potential to accelerate the project implementation. RB Rail continues to work in full capacity and is focused on progressing with the detailed technical design for all sections of the railway as well as finalising the long-term business, operational and infrastructure management plans of Rail Baltica which will determine the future success of the project», says Ignas Degutis.

He adds that Rail Baltica continues working on long-term financing of the Rail Baltica Global Project and a sustainable funding for the joint venture’s budget in 2019-2020.

Degutis also adds that the company values the contribution Rubesa has provided for the project’s development. «During these years Ms Rubesa has built a highly motivated and knowledgeable team of professionals at RB Rail AS and has put in place an effective and transparent organisation and procurement structure,» he said.

The company mentions in its announcement that Rail Baltic Global has entered construction design stage in all three Baltic States. In 2017, Baltic parliaments ratified the inter-governmental agreement on the creation of Rail Baltica railway connection, affirming long-term commitment for the project.

The third CEF co-financing agreement signed this summer provides for allocating more than EUR 800 million for the project’s needs.

As previously reported, on Thursday, 27 September, Baiba A. Rubesa, CEO and Chair of the Management Board of the Baltic State’s joint venture RB RAIL AS, submitted a resignation letter to the Supervisory Board of the joint venture. The resignation letter is effective immediately.

At a press conference organized on the same day, Rubesa listed a number of reasons for her decision, including the lack of unity and transparency with the project.

As she continued listing the catalysts that caused her to submit her letter of resignation, Rubesa told journalists that the project lacks proper management model: «Everything that happens in the project is and will be delayed.»

She mentioned that even though progress has been made with coordination and approval of decisions over the course of the project, there are still questions that remain unanswered.

She also said that the next funding stage remains unclear – it is unknown how things will turn out after 2020 because the situation will likely suffer from Brexit next year. Rubesa says that the matter with Latvia’s budget is also unclear.

She stressed that countries participating in the project have failed to reach an agreement in regards to the project’s main goal – every country continues working to suit its own interests. This is an obstacle for decision-making processes, especially in regards to finances. In addition, the project lacks transparency.


Leave a reply

Karolis Sankovski appointed as chairman of RB Rail council

A new council chairman has been appointed in Baltic joint company RB Rail. Riia Sillave and Edvīns Bērziņš were picked as vice-chairmen, as the company reports.

airBaltic carried record number of passengers in 2018 – 4.1 million

Latvian airBaltic airline carried a total of 4,136,711 passengers to different destinations in 2018. This is 17% more when compared to 2017. The number of passengers carried in 2018 is airBaltic’s all-time highest, as BNN was told by the company.

KPV LV to decide on dismissing Kaimiņš as vice-chairman of party’s faction

KPV LV party’s Saeima faction plans to discuss the proposal of dismissing Artuss Kaimiņš from the post of the faction’s vice-chairman.

Latvian minister sceptical about abolishing MPC system without litigations

Latvia’s Economy Minister Arvils Ašeradens does not expect abolishment of the mandatory procurement component system this year to pass without litigations.

Latvian parties agree on 90% of content of coalition cooperation agreement

Parties of the forming coalition move towards a cooperation model in which matters are resolved based on the principle of consensus, says prime minister candidate Krišjānis Kariņš from New Unity.

What do Britons actually want? Reactions from EU politicians

Commenting on the rejected deal of UK withdrawal, leaders of the European Union and member states, which are British neighbours, are seeking clarity over the exit scenario London would prefer if the British really want to leave.

Ministry fails to coordinate decision regarding Riga City Council’s dismissal

On Tuesday, 15 January, Latvia’s Environment Protection and Regional Development Ministry failed to coordinate the latest redaction of the decision project On the Dismissal of Riga City Council, because the Latvian Association of Local and Regional Governments and Latvian Association of Large Cities objected it.

UK rejects Brexit deal, May faces no-confidence vote

British Prime Minister Theresea May hopes to overcome a vote of no confidence in her government, following the rejection of her Brexit deal in the UK Parliament.

Is polygamy the answer for Latvia? «Demographic affairs expert» Parādnieks is the man for the job!

The government formation process in Latvia is progressing slowly and painfully. It is as though a ship without navigation – Latvia has yet to find its way in the ocean of political roads. And this ocean I full of «icebergs» Latvia keeps bumping against. The latest one is National Alliance’s official candidate, an «expert» at resolving demographic problems Imants Parādnieks.

Latvian government approves unified requirements for road and street construction quality

On Tuesday, 15 January, Latvian government approved a project of rules from the Cabinet of Ministers. The goal of this project is ensuring rational use of public funds for road and street construction.

Strike in German airports cancels hundreds of flights

Several hundred flights have been cancelled in German airports on January 15, because of strike as part of an airport worker wage dispute. Germany's powerful Verdi union has announced the strike would last from 02:00 am until 8:00 pm local time at the airports of Frankfurt, Munich, Hanover, Bremen, Hamburg, Leipzig, Dresden and Erfurt.

Saeima proposes applying labour protection requirements for topical employment trends

Considering the emergence of new forms of employment, when work is often performed remotely outside company premises, it is necessary to adapt labour protection requirements.

Opinion: final decision for next Daugavpils mayoral candidate is not yet made

Although on Thursday, 17 January, Daugavpils City Council plans to elect a new mayor and Andrejs Elksniņš is mentioned among the candidates, the final decision has yet to be made, claims former mayor Rihards Eigims, who was dismissed in November.

Tallinn Port sees record passenger number of 10.6 million

Estonia's largest passenger port in Tallinn has registered 11th year of growth in passenger numbers as the year 2018 has ended with a total of 10.6 million passengers.

Additional funding requested for continuation of publication of KGB files

Constitution Protection Bureau’s Centre for the Documentation of the Consequences of Totalitarianism requests additional funding of EUR 51,976 to continue financing the digitization of remaining KGB files before 30 April.

Latvian authorities announce influenza epidemic in the country

Last week, the number of patients with flu in Valmiera reached the threshold of an epidemic – 163.6 cases per 100,000 residents. With that, 15 January was declared the beginning of an influenza epidemic in Latvia, BNN was told by Disease Prevention and Control Centre.

Government declaration proposals may cost Latvia EUR 600 million this year

If all proposals submitted for the government declaration were to be implemented this year, it would require an additional amount of EUR 660 million, prime minister candidate Krišjānis Kariņš told journalists.

Stabbed Polish mayor dies

In Poland, the long-time mayor of Gdańsk Paweł Adamowicz has died after doctors were unable to save him following a knife attack during a charity event.

Police: cocaine shipment from Ecuador was not meant for Latvian market

The shipment of cocaine sent from Ecuador and intercepted in Koknese was likely not meant for Latvian market, says Chief of State Police Main Criminal Police Department Andrejs Grišins.

Forming government in Latvia may develop new Local Governments Law

Prime minister candidate Krišjāņis Kariņš’s formed government could develop a new Local Government Law, according to information compiled for government declaration ideas from members of the work group.

«Osinovskis’ million» case: Elksniņš requested money «for KNAB»

Several years ago there was a scandal caused by the announcement made by the now former investigator of Corruption Prevention and Combating Bureau (KNAB) and now Saeima deputy Juris Jurašs that he was offered a two million euros bribe in the LDz corruption case.

Businessman Martinsons’ fast loan company’s paid interest compost most of Ameriks’ income

A month ago, Corruption Prevention and Combating Bureau performed 30 searches and detained 7 people as part of an investigation of possible corruptive activities at Rīgas satiksme. Among those people is Honour to Serve Riga political party member Aleksandrs Krjačeks.

Bank: this year’s priority will be restoring finance sector’s reputation

This year’s priority will be ensuring sustainable development and restoration of the finance sector’s reputation, says chairman of Baltic International Bank Viktors Bolbats.

Weather in Latvia to be chilly and windy this week

Weather will be volatile in Latvia this week – a reasonable amount of thaw along with chilly air is expected. Latvia’s State Environment, Geology and Meteorology Centre predicts strong wind and plenty of precipitation.

Week in Lithuania. Ruling LFGU initiates referendum to reduce number of MPs

Members of the ruling Lithuanian Farmers and Greens Union will collect signatures for a referendum to reduce the size of the parliament.