aA
A new management board of the state railway company Lietuvos Geležinkeliai (Lithuanian Railways, or LG), which has lately come on the radar screen of law-enforcement, was appointed on Wednesday, the day when Rokas Masiulis took over the helm of the Transport Ministry.
LIthuanian railway
LIthuanian railway
© DELFI / Domantas Pipas

"The situation in this company is extremely difficult, so changes in the LG's management were due back yesterday. An urgent decision was taken to recall the management board as there was not a second to lose. LG's operations have been entangled in suspicious deals and non-transparent decisions for years. Each day's delay would further aggravate the situation," Masiulis said in a press release.

The five-strong management board resigned in corpore earlier on Wednesday.

Sitting on the new board are Monika Rimkunaitė-Bložė, a former head of units at SEB Bankas, Romas Švedas, a former energy minister and now an independent expert, Mantas Bartuška, CEO of the state-run energy terminals operator Klaipedos Nafta (Klaipeda Oil), Rolandas Žukas, CEO of the state-owned natural gas and electricity transmission group Epso-G, and Paulius Martinkus, an independent expert, the ministry said.

Masiulis did not tell BNS last week how he was planning to streamline LG, the country's largest enterprise, but said that the situation in the company was heating up and that he intended to appoint a new CEO as soon as possible.

The media have recently reported about LG's non-transparent aid allocation practices and internal transactions under which the company purchased locomotive parts from Russia without any tenders.

The new transport minister said that he would ask the new management board to look into these media reports.

|Populiariausi straipsniai ir video

President: Lithuania must defend its haulers' interests 'to the hilt'

Lithuanian President Gitanas Nauseda backs the government's plans to contest the EU Mobility Package...

Lithuanian Airports join international project dedicated to people with hidden disabilities

The national airports operator further pursues the goal to ensure a smooth travelling experience for...

Opera to acquire Lithuanian specialised bank

Opera, headquartered in Oslo, Norway, announced its intention to purchase Fjord Bank subject to...

Tours operators suspend trips to Bulgaria over coronavirus concerns

Lithuania's tour operators Novaturas and Tez Tour have decided not to organize trips to Bulgaria...

First complaint from business over lockdown restrictions reaches court (1)

Lithuanian business representatives on Wednesday lodged a complaint before a court seeking remedy...

Top news

Nauseda: Lithuania will have to go back to financial discipline after corona crisis

Once the coronavirus crisis ends and the economic situation gets back to normal, Lithuania will...

Tours operators suspend trips to Bulgaria over coronavirus concerns

Lithuania's tour operators Novaturas and Tez Tour have decided not to organize trips to Bulgaria...

President: Lithuania must defend its haulers' interests 'to the hilt'

Lithuanian President Gitanas Nauseda backs the government's plans to contest the EU Mobility Package...

Loop traffic has taken effect in Vilnius Old Town

On 7 July, a new order for arranging traffic in Vilnius Old Town took effect – visitors and...

Kaunastic discoveries: music in Kaunas this July

Here’s what the Kaunas calendar has to offer, including cumbia, classical music , urban sounds...

|Maža didelių žinių kaina