Creditors of Ekranas, Lithuania's bankrupt TV tube manufacturer, set a starting price of 300 million litas (87 million euros) for the company, which is soon to be sold. "At the first auction, Ekranas will be offered for sale at a price of 300 million litas. The entire assets will be put up for sale in one lot," Gintaras Gelcys, the bankruptcy administrator, was quoted as saying. The price was set based on Ekranas' debts, which total 299 million litas. If the auction fails to attract a buyer, the company's assets will be auctioned in separate lots.
Google announced that it plans to open a representative office in the Baltic countries. The secretariat of Latvia's Special Task Ministry for E-Affairs, Elita Cepurite, said that Minister Ina Gudele met with Samantha Peter, director of Google's business development department in London, on May 25 to discuss cooperation. Peter said that Latvia seemed an attractive location for a representation office, though a final decision has not yet been made.
Mercell, a Norway-based provider of information on public procurement in Scandinavia, announced plans to enter the Lithuanian market. "The need for suppliers of goods and services from the Baltic countries is obvious in Scandinavia," Priit Pirso, Mercell's director in the Baltics, told the Verslo Zinios business daily. "There are Lithuanian companies willing to work in Scandinavia and vice versa. That is why we have decided to step into the Baltic countries and in Germany." The company's database contains announcements of approximately 1,000 on-going public procurement tenders each day. Most tenders are announced in construction, IT, office supplies and furniture segments.
