The government has approved the bill on the Lithuanian airports concession, which is expected to boost competitiveness of Lithuania's air transport system.
Vilnius Airport
© DELFI / Tomas Vinickas

Prime Minister Algirdas Butkevičius has said hopes that the parliament will adopt the needed legislation to announce the international concession competition for the Lithuanian airport management. According to the prime minister, the Ministry of Communications will submit the amended bills to the government by the beginning of December.

The prime minister has said: “We look at it strategically and see that with adoption of this bill, it would be possible to have more flights to various countries. By using this model we could further develop Lithuanian airport sector. I mean, to better use our cargo terminals which are in Vilnius and Kaunas. Furthermore, all the value added by the concessionaires would then be left to our country.”

Lithuania has three international airports, in Vilnius, Kaunas and Palanga. They are all currently managed by the state company Lietuvos Oro Uostai.

Lithuania hopes to attract new biotechnology investment

Lithuania's foreign investment promoting agency Investuok Lietuvoje ( Invest Lithuania ) hopes to...

Analyst: Lithuanian retail fuel prices may rise 3-4 cents in wake of Saudi oil attacks

SEB Lithuania's analyst Tadas Povilauskas says a surge in crude prices following last weekend's...

BaltCap might be involved in stadium construction in Vilnius

Axis Industries , the potential builder of Lithuania's national stadium in Vilnius, has proposed to...

Finance minister: Facebook cryptocurrency needs global solution

Facebook 's plans to issue its cryptocurrency , the Libra, as well as plans by other companies on...

Dutch chain eyes Lithuania

Dutch retail chain Spar International has registered two brands, Eurospar and Interspar , in...