The Lithuanian government on Monday gave the green light for splitting Lietuvos Geležinkeliai (Lithuanian Railways) into three separate companies for passenger and freight transportation and infrastructure management.
Lietuvos Geležinkeliai
© DELFI / Domantas Pipas

"An action plan will be worked out to tentatively achieve this task within a year," Mantas Bartuška, CEO of the state railway company, told reporters after the Cabinet's meeting.

The restructuring of the company may require amending several pieces of legislation by the government and the parliament, he added

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...