The new chief executive officer of Vilniaus Silumos Tinklai (VST) expects a successful outcome to the municipal heat supply company's Stockholm arbitration dispute with France's Veolia, a former operator of the Lithuanian capital's heating sector.
Vilniaus Šilumos Tinklai EN
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AB Vilniaus šilumos tinklai is a company that supplies heat and hot water services to residents of Vilnius. The company was founded in 1997.
A Vilnius court Thursday closed a criminal case in which three former top executives of Vilniaus Energija (Vilnius Energy), a Lithuanian subsidiary of France's Veolia, were charged with fraud and illegal manipulation with gas purchase prices, as a statutory limitation period has expired.
Veolia, a French concern that withdrew from the Vilnius heating sector last spring, along with its company Vilniaus Energija (Vilnius Energy) have filed a suit against the municipality and the municipal company Vilniaus Šilumos Tinklai (Vilnius Heating Network, VST) with the Stockholm arbitration.
Heating prices in Vilnius should grow by 8.2 percent from June, the National Commission for Energy Control and Prices decided on Thursday. However, after the ruling coalition decided to cancel the value-added tax privilege (9 pct), the heating prices in Lithuania's capital city should climb much hig...
