© Reuters/Scanpix

A delegation of China Merchants Logistics executives were in Vilnius on August 24 to discuss partnership perspectives of the joint venture with Lietuvos Geležinkeliai (Lithuanian Railways).

The project for the joint company, which will provide logistics services in Lithuania, Belarus and China, was approved in a meeting in Beijing on November 23, 2015.

The Managing Director for China Merchants Logistics Holding, Zhang Rui, highlighted the potential for such a project to not only operate in and around Belarus, but also in the whole Baltic Sea region as well as Scandinavia, while also praising the experience behind Lietuvos Geležinkeliai as well as the excellent rail infrastructure in Lithuania.

Established in 1872, China Merchants Logistics is the largest taxpayer in China with a total value reaching €745 billion. The Chinese state-owned corporation works in a number of sectors, ranging from shipping and banking, to real estate.

Alfa.lt

Last partisan Kraujelis-Siaubunas to be buried at Antakalnis Cemetery

The remains of Antanas Kraujelis-Siaubunas , Lithuania's last partisan who died with a gun in his...

Almost a third of Lithuanians at risk of poverty

Some 28.3 percent of the Lithuanian population were at risk of povert y or social exclusion in...

Hackers fake press release about Lithuania asking US to move nuclear weapons

Hackers have sent out a fake press release claiming to be from the Lithuanian Foreign Ministry and...

National defense decided to buy six American Black Hawk helicopters

The leadership of Lithuania's national defense system has decided to buy six American Black Hawk...

Lithuanian army helicopter saves injured Russian citizen from tanker

A Lithuanian army helicopter saved an injured Russian citizen from a tanker , Lithuania's...