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A more efficient Lietuvos Energija?

Oct 07, 1999
By Paul Beckman

VILNIUS - Lietuvos Energija, the state-owned power company, and the word "debt" have made so many appearances together in the press over the past year that the two terms are nearly synonymous.But now the boss of the power company says that will change. Lietuvos Energija plans to restructure itself, collect debts and pay off the money it owes.Bronius Cicenas has been the head of Lietuvos Energija only since July. And while he admits getting the company on a more efficient track will be tough, Cic ...

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