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2020 1St Half-Year
2020 1st half-year AB Lietuvos geležinkeliai Interim Report Table of contents CEO FOREWORD 3 BASIC INFORMATION ABOUT THE GROUP AND THE COMPANY 5 GROUP STRUCTURE 8 CORPORATE GOVERNANCE 9 STRATEGY 21 MOST SIGNIFICANT EVENTS IN H1 2020 23 EVENTS AFTER THE END OF THE REPORTING PERIOD 26 OVERVIEW OF THE GROUP’S KPIS 27 ANALYSIS OF FINANCIAL AND OPERATIONAL PERFORMANCE 31 GROUP PERFORMANCE RESULTS 31 INVESTMENTS 35 EMPLOYEES 38 INFORMATION ON COMPLIANCE WITH THE TRANSPARENCY GUIDELINES 39 CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS CONSOLIDATED AND SEPARATE STATEMENTS OF FINANCIAL POSITION 42 CONSOLIDATED AND SEPARATE STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 44 CONSOLIDATED AND SEPARATE STATEMENTS OF CHANGES IN EQUITY 45 CONSOLIDATED AND SEPARATE STATEMENTS OF CASH FLOWS 47 EXPLANATORY NOTES 48 ABBREVIATIONS: LTG or the Company – AB Lietuvos Geležinkeliai LTG Group, Group, Group of Companies – AB Lietuvos Geležinkeliai and its subsidiaries LTG Cargo – AB LTG Cargo LTG Link – UAB LTG Link LTG Infra – AB Lietuvos Geležinkelių Infrastruktūra VLRD – UAB Vilniaus Lokomotyvų Remonto Depas GTC – UAB Geležinkelio Tiesimo Centras Gelsauga – UAB Gelsauga Security Services – UAB Saugos Paslaugos RBS – UAB Rail Baltica Statyba GOV – the Government of the Republic of Lithuania LTSA – the Lithuanian Transport Safety Administration EU – the European Union SOE – a State-owned enterprise The annual and interim reports and financial statements are publicly available on the website https://www.litrail.lt. CEO foreword Dear partners, employees, customers, The first half of 2020 will go down in history primarily due to the global coronavirus pandemic. This chain of events has changed the lives of everyone, both society and the business community. -
Cycling the Baltic States Saaremaa Virtsu ESTONIA Three Baltic Capitals, Curonian Spit & Saaremaa Island a Kuressaare USSIA R
GUIDED Lithuania – Latvia – Estonia Tallinn Cycling the Baltic States Saaremaa Virtsu ESTONIA Three Baltic capitals, Curonian Spit & Saaremaa Island a Kuressaare USSIA R Baltic Se Jūrmala Sigulda Rīga LATVIA Palanga Hill of Crosses Klaipėda LITHUANIA Ventė Nida Vilnius Kaunas BELARUS RUSSIA Trakai POLAND Tour distances: cycling ~310 km, by coach ~1340 km, by boat ~62 km 11 days / 10 nights TOUR INFORMATION 11 days guided group cycling tour from Vilnius to Tallinn (Code G1) Cycling grade: The Baltic coast and National Parks of Lithuania, Latvia and Estonia explored on highly scenic routes, We rate this trip Easygoing. Daily biking routes mainly on low traffic roads and cycle paths range including the three capital cities – Vilnius, Riga and Tallinn – with their old towns designated by UNESCO from 25 to 60 km (15-37 miles each day). The as the World Heritage Sites; and featuring the previously-closed Curonian Spit and beautiful Estonian terrain is varied and rolling with some gradual island. Travel from Lithuania in the south, through Latvia and on to Estonia in the north, enjoy a great hills on some riding days (some steep ups and variety of towns, villages and landscapes, and get an excellent feel for the different characters of these downs in the Gauja River valley) and dead flat most of the tour. Our walking in the capital towns distinctive countries. is along cobbled streets. Arrival & departure information /Transfers Day 1: Arrive in Vilnius grey herons and cormorants, visit the to Riga. (Cycle ~40 km, bus ~100 km). Airports: Vilnius / Kaunas / Tallinn Welcome meeting at the hotel with Hill of Witches. -
Mr. Linas LINKEVIČIUS Užsienio Reikalų Ministerija J. Tumo-Vaižganto G
EUROPEAN COMMISSION PUBLIC VERSION This document is made available for information purposes only. Brussels, 25.08.2016 C(2016) 5375 final Subject: State aid SA.40197 (2016/N) – Lithuania Investment in infrastructure at Vilnius airport Sir, 1 PROCEDURE (1) On 31 December 2015, the Lithuanian authorities notified a measure concerning the modernisation of the Vilnius Airport's infrastructure (hereinafter “the measure”) after pre-notification contacts. (2) Between January and April 2016 several formal and informal contacts and information exchanges have taken place. The reply of the Lithuanian authorities to the Commission services' requests for information was received on 2 June 2016 and an update was received on 21 July 2016. 2 DESCRIPTION OF THE MEASURE 2.1 The beneficiary Vilnius airport/Lietuvos Oro Uostai (3) Since 1 July 2014, the operation of the three Lithuanian airports Vilnius, Kaunas and Palanga has been entrusted to the State-owned company Lietuvos Oro Uostai (LUO) ("Lithuanian Airports") under the control of the Ministry of Transport and Communications. The airport management company ensures account separation for the different airports. Mr. Linas LINKEVIČIUS Užsienio Reikalų Ministerija J. Tumo-Vaižganto g. 2 LT-01511 Vilnius LIETUVOS RESPUBLIKA Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111 (4) LOU is the direct beneficiary of the notified measure. (5) The three airports complement each other in destinations covered, airlines present and passenger groups served. Vilnius airport is the main capital gateway for business and tourist travel from and to the country, Kaunas airport is focused on facilitating travel at low cost of Lithuanian nationals working/living abroad and Palanga airport provides access to the Scandinavian region using premium Scandinavian airlines for tourists and for business to and around the port city of Klaipeda. -
Lithuanian Airports' Network Incentive Scheme
LITHUANIAN AIRPORTS’ NETWORK INCENTIVE SCHEME Valid from 1 March 2018 CONTENTS AND INFORMATION 1. PREAMBLE……………………………………………………………………………………2 2. DEFINITIONS ............................................................................................................................ 2 3. NETWORK INCENTIVE SCHEME ......................................................................................... 3 3.1. Airport Charges .................................................................................................................... 3 3.1.1. Level of Network Support ............................................................................................ 4 3.1.2. Eligibility ...................................................................................................................... 5 4. DECISIONS ON ELIGIBILITY OF ROUTES AND OTHER CONDITIONS FOR PROVISION OF SUPPORT .......................................................................................................... 5 4.1. Application ........................................................................................................................... 5 4.2. Approval .............................................................................................................................. 6 4.3. Application of Discount ....................................................................................................... 6 5. AMENDMENT OR TERMINATION OF THE SCHEME ....................................................... 6 Appendix 1 ..................................................................................................................................... -
Connecting Long and Short-Distance Networks for Efficient Transport
Case studies: results and synthesis projet 7FP CLOSER (Connecting LOng and Short-distance networks for Efficient Transport) Rapport de recherche Deliverable 5.2 project européen CLOSER. Petter Christiansen, Olav Eidhammer, Jardar Andersen, Alain l’Hostis, G Adamos, L Parra, E Ruiz-Ayucar, T Järvi, Z Svedova, Corinne Blanquart To cite this version: Petter Christiansen, Olav Eidhammer, Jardar Andersen, Alain l’Hostis, G Adamos, et al.. Case studies: results and synthesis projet 7FP CLOSER (Connecting LOng and Short-distance networks for Efficient Transport) Rapport de recherche Deliverable 5.2 project européen CLOSER.. [Research Report] European Commission. 2012. hal-00852115 HAL Id: hal-00852115 https://hal.archives-ouvertes.fr/hal-00852115 Submitted on 2 Jun 2016 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Connecting LOng and Short-distance networks for Efficient tRansport Deliverable 5.2 Case studies: Results and synthesis Due Date: September 2012 Submitted: September 2012 Project co-funded by the European Commission within the Seventh Framework -
Eurail Group G.I.E
Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurail Group G.I.E. Eurosender Benefit: Pass holders benefit from a 20% discount on the Eurosender online platform when placing an order to send a package or parcel. Benefit code: RAIL20 Info: Follow the steps below to redeem the Benefit: 1. Visit Eurosender website: www.eurosender.com 2. Choose your to and from countries from the list. 3. Select the number of packages or parcels to be sent and click ‘NEXT’. 4. Fill in the order form. 5. Insert the Benefit code RAIL20 in the box “discount code”. The new price and amount of discount will be displayed. 6. Select the payment method and insert your payment details. 7. Receive order confirmation. For any problems or questions regarding your order or the service, Eurosender customer support department is available on Tel: +44 (0)20 3318 3600 or by email at [email protected]. Please note: The Benefit code is valid only for a single user. The code has no expiration date and it can be transferrable. This Benefit is valid only for standard shipping orders. Benefit: Eurail and Interrail Pass holders benefit from 20% off Stasher Luggage Storage. Book online to store your bags safely while you explore the city – all across Europe. Use EURAIL20 or INTERRAIL20 for 20% off the entire booking (including insurance). Info: Follow the steps below to redeem the Benefit 1. Visit Stasher.com 2. Enter the location where you wish to store your bag 3. -
GETTING to KLAIPEDA Flights the Closest Airport – Palanga
GETTING TO KLAIPEDA Flights The closest airport – Palanga International Airport is located on the Northern boundary of Klaipeda , within a 30 min. drive. The airport and Klaipeda are connected by the internationally significant road that extends from Liepaja (Latvia) to Klaipeda. ******************************************************************************** There are Wizzair, Ryanair, Finnair, Brussels Airlines, Austrian Airlines, Aeroflot, Ukrainian International Airlines, LOT, Air Baltics flights to and from Vilnius airport (VNO). Flights map: https://www.vilnius-airport.lt/en/planning-a-trip/flight-map/ There is a special train "Vilnius-Airport" running regularly to Vilnius railway station. The train shuttles 16 times a day, it takes 7 minutes to arrive the railway station from airport. The ticket costs EUR 0.70. It can be purchased on-line and in the train. Next to the airport passenger terminal, there is a railway stop, stairs and an elevator for passengers as well as lighting and passenger safety surveillance camera. There is a footway leading from the railway stop to the airport terminal for passengers; the footway has an installed gallery (it is illuminated during the dark time of the day).www.traukiniobilietas.lt From Vilnius railway station there are 5 trains to Klaipeda every day: at 5:10 (only on working days), 6:50, 9:50, 16:45, 17:40. https://www.traukiniobilietas.lt/portal/routes-schedules You can go to Klaipėda from Vilnius airport by Vilnius airport express bus. https://www.ollex.lt/en/express ******************************************************************************** A lot of Ryanair and Wizzair flyghts are operating to and from Kaunas Airport (KUN). https://www.kaunas-airport.lt/index.php?lang=en&page=destination_map An express bus service runs from Kaunas Airport to Klaipeda and from Klaipeda to Kaunas Airport. -
AB Lietuvos Geležinkeliai Annual Report Contents
2020 AB Lietuvos Geležinkeliai Annual Report Contents CEO FOREWORD 3 BASIC INFORMATION ABOUT THE GROUP AND THE COMPANY 4 ACTIVITY OF THE GROUP 7 GROUP STRUCTURE 9 CORPORATE GOVERNANCE 10 STRATEGY 27 MOST SIGNIFICANT EVENTS IN 2020 34 EVENTS AFTER THE END OF THE REPORTING PERIOD 40 OVERVIEW OF THE GROUP’S KPIS 41 ANALYSIS OF FINANCIAL AND OPERATIONAL PERFORMANCE 45 GROUP PERFORMANCE RESULTS 45 SPECIAL OBLIGATIONS 52 PERFORMANCE OF THE MAIN GROUP COMPANIES 54 INVESTMENTS 62 EMPLOYEES 66 RISKS AND THEIR MANAGEMENT 71 INFORMATION ON THE COMPLIANCE WITH THE GUIDELINES ON TRANSPARENCY 73 CORPORATE SOCIAL RESPONSIBILITY REPORT 76 FINANCIAL STATEMENTS 86 INDEPENDENT AUDITOR’S REPORT 87 CONSOLIDATED AND SEPARATE STATEMENTS OF FINANCIAL POSITION 93 CONSOLIDATED AND SEPARATE STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 95 CONSOLIDATED AND SEPARATE STATEMENTS OF CHANGES IN EQUITY 96 CONSOLIDATED AND SEPARATE STATEMENTS OF CASH FLOWS 98 EXPLANATORY NOTES 100 ABBREVIATIONS: LTG – AB Lietuvos Geležinkeliai LTG Group, Group, LTG Corporate Group – AB Lietuvos Gelsauga – LUAB Gelsauga Geležinkeliai and its subsidiaries Saugos Paslaugos – UAB Saugos Paslaugos LTG Cargo – AB LTG Cargo RBS – UAB Rail Baltica Statyba LTG Link – UAB LTG Link govt. – Government of the Republic of Lithuania LTG Infra – AB LTG Infra LTSA – Lithuanian Transport Safety Administration VLRD – UAB Vilniaus Lokomotyvų Remonto Depas EU – the European Union GTC – UAB Geležinkelio Tiesimo Centras SOE – State-owned enterprise The annual and interim reports and financial statements are publicly available on the Company’s websitehttps://www.litrail.lt . CEO foreword Dear employees, partners, customers, In reviewing the achievements of the LTG Group in 2020, I will not seem original by starting with the COVID-19 pandemic, which trembled the entire world, and its effects on the Group’s activity. -
Baltics-Belarus Business Opportunity Survey
Baltics-Belarus Business Opportunity Survey Belarus Estonia Latvia Lithuania December 2014 www.bnt.eu © bnt attorneys-at-law 2014 The bnt Baltics-Belarus Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. © bnt attorneys-at-law 2014 1 Dear Reader, The bnt Baltics-Belarus Business Opportunity Survey provides information about upcoming investment projects in the Baltic States and Belarus. With offices in Estonia, Latvia, Lithuania and Belarus, bnt attorneys-at-law covers this region in all relevant areas of business law, including corporate/M&A, commercial and contract law, litigation and arbitration, tax and administrative/procurement. For further information on the projects portrayed please contact our local offices. This publication is for informational purposes only; bnt does not represent the project initiators. General contact: Lithuania: Justinas Šileika [email protected] Latvia: Rūdolfs Kalkis [email protected] Estonia: Kristel Evardi [email protected] Belarus: Ulyana Evseeva [email protected] Contents: Estonia.................................................................................................................................... 5 Construction of Liquefied Natural Gas Terminal ................................................................... 6 Construction of “Gate Tallinn” Retail Park ........................................................................... -
APPROVED by Order No 1R-35 of the Chief Executive Officer of SE Lithuanian Airports of 25 February 2019
APPROVED by Order No 1R-35 of the Chief Executive Officer of SE Lithuanian Airports of 25 February 2019 CALL FOR PROPOSALS FOR RECEIVING DE MINIMIS AID FOR LAUNCHING NEW ROUTES FROM LITHUANIAN AIRPORTS I. GENERAL PROVISIONS 1.1. This call is published by implementing the Rules for the provision of de minimis aid to air carriers seeking to launch new routes (hereinafter – the rules) approved by Order No 3-227(1.5E)1 of the Minister of Transport and Communications of 01/06/2015 (version of Order No 3-165 of 13 April 2017). 1.2. By this call the state enterprise Lithuanian Airports (hereinafter – LTOU) invites interested air carriers intending to launch new routes in Lithuanian airports to submit applications for receiving de minimis aid. 1.3. The maximum amount of de minimis aid per air carrier during a 3-year period is EUR 200,000 (hereinafter – the amount of aid). 1.4. De minimis aid shall be granted to air carriers meeting the established criteria which shall: a) launch new routes on regular routes that are not conducted from/to Lithuanian airports on the date of publishing this call; b) increase the frequency of flights from/to Lithuanian airports on the existing regular routes on the date of publishing this call. 1.5. If the need for aid funds is bigger than allocated in the state budget, priority shall be given according to these criteria (the criteria are listed in order of importance): a) economic efficiency (consideration shall be made to the longer duration of new routes or longer retention of the increased flight frequency of the route proposed by the applicant after the implementation of the measure, estimated higher flight frequency, etc.); b) date and time of submission and registration of applications with the administrative institution. -
Gebr. Heinemann on Seizing Opportunities in a Consolidated Market
SPRING ISSUE 2016 Every flight begins at the airport. Family values: Gebr. Heinemann on seizing opportunities in a consolidated market Interview: Raoul Spanger, Executive Director (Retail & HR) and Member of the Executive Board, Gebr. Heinemann Finavia focus Lithuanian Airports Plus the latest news from Developing the leading transfer Focused on improving vital Cologne-Bonn, Munich, hub between Europe and Asia air connectivity Nice Côte d’Azur and Vienna Fraport_SoE_210x297-3_RZ.indd 1 21.01.16 14:36 CONTENTS 07 08 10 OLIVIER JANKOVEC, AIRPORTS IN RAOUL SPANGER, DIRECTOR GENERAL, THE NEWS EXECUTIVE DIRECTOR ACI EUROPE (RETAIL & HR), A snapshot of stories from GEBR. HEINEMANN Editorial: Standing by our around Europe airport – Brussels Airport Family values: Organic growth strengthening Gebr. Heinemann’s competitive position 16 18 20 AIRPORT FINAVIA LITHUANIAN AIRPORTS SHAREHOLDINGS & OWNERSHIP Developing the leading transfer Lithuanian Airports focused on hub between Europe and Asia improving vital air connectivity Private investment in Europe’s airports still rising Airports Council International Director: Media & Communications Magazine staff PPS Publications Ltd European Region, Robert O'Meara Rue Montoyer, 10 (box n. 9), Tel: +32 (0)2 552 09 82 Publisher and Editor-in-Chief Paul J. Hogan 3a Gatwick Metro Centre, Balcombe Road, B-1000 Brussels, Belgium Fax: +32 (0)2 502 56 37 Editor Ross Falconer Horley, Surrey RH6 9GA, United Kingdom [email protected] Assistant Editor Marta Dimitrova Director General Commercial Manager Julian Bidlake Tel: +44 1293 783851 Fax: +44 1293 782959 Olivier Jankovec Director: Membership Head Designer Richard Jende email: [email protected] Tel: +32 (0)2 552 09 72 Services & Events Graphic Designer Samita Brant [email protected] Danielle Michel Cover photo by Grant Pritchard © PPS Publications Ltd 2016 Tel: +32 (0)2 552 09 78 Fax: +32 (0)2 502 56 37 [email protected] The opinions and views expressed in Communiqué Airport Business are not necessarily those of ACI EUROPE or the Publisher. -
EG on Non-Communicable Diseases Related to Lifestyles and Social And
EG on Non-Communicable Diseases related to Lifestyles and Social and Work Environments Fifth Meeting NCD EG-5 Trakai, Lithuania Thursday 11 October to Friday 12 October 2012 Reference NCD 5/Info1 Title Practical information for participants Submitted by NCD EG Secretariat CONTACT PERSONS FOR ORGANIZATIONAL MATTERS: NCD EG The Host Mr. Dmitry Titkov Ms. Rita Sketerskienė NCD EG ITA Ministry of Health, Lithuania Finnish National Institute for Health and Welfare Vilnius str. 33 Lintulahdenkuja 4, 00531 Helsinki, Finland LT-01506 Vilnius Phone: +358 40 540 1525 Phone: +370 5 260 4716 Fax: +358 9 773 2922 Fax: +370 5 2661402 E-mail: [email protected] Email: [email protected] Ms. Agnė Petravičiūtė EU Affairs and International Relations Division Ministry of Health, Lithuania Email: [email protected] Ms. Simona Gailiūtė EU Affairs and International Relations Division Ministry of Health, Lithuania Email: [email protected] MEETING VENUE Center for Health Education and Disease Prevention Address: Vytauto 87, Trakai, Lithuania CONFIRMATION OF PARTICIPATION In order to confirm your participation, please fill in the electronic registration form on the NDPHS webpage http://www.ndphs.org/?mtgs,ncd_eg_5__trakai before the 1st October. ACCOMMODATION Participants are responsible for their travel and accommodation arrangements themselves. The Host of the meeting suggested having the meeting in the vicinity of Vilnius City (27 km), in the historic town of Trakai. The participants of the meeting are recommended to stay at Trasalis – Trakai Resort and Spa Centre. Accommodation can be booked on-line from the website of 100912_NCD-5_Info_1__Draft_Practical_information_for_participants 1 Trasalis Resort and Spa Centre at http://trasalis.lt/en.