2013 06 20

VMU student scholarship recipients: INTER RAO Lietuva memorial scholarships are material and moral incentives for seeking better education

The most capable students from the Faculty of Economics and Management, Vytautas Magnus University (VMU), were awarded with memorial scholarship certificates which will help them to obtain Master’s double degree according to the combined study programmes at VMU partners’ universities abroad.

This year, memorial scholarships of AB INTER RAO Lietuva were granted to Martynas Prievelis and Monika Stasiuliene, studying in the Master’s Degree programme in Finance and Banking, who were acknowledged as the most capable students of the University. Since study results of these students differed from each other only slightly, students’ capability to become VMU ambassadors at foreign educational institutions and among prospective school fellows became a crucial criterion of selection.

“I would like to congratulate winners of this scholarship. I sincerely hope that this support will allow them to strive for achievements in science and to realize their individual talents and capabilities properly and will give an opportunity to become true ambassadors of their University and Lithuania at the Catholic University of Leuven, Belgium. I wish them to bring their acquired knowledge to Lithuania and to use it here for their own and state welfare”, Jonas Garbaravicius, Vytautas Magnus University graduate, partner at CEE Resources and Investments, London, and Member of the Supervisory Board at AB INTER RAO Lietuva, told.

Scholarships will be granted to VMU students according to combined study programme during their studies at the Leuven School of Management, Catholic University of Leuven, Belgium.

After receiving scholarships, VMU Master’s students told that this support for studies is not only material but also moral incentive for seeking better education.

“I am very grateful to the company INTER RAO Lietuva for this scholarship for studies according to double diploma programme at the Catholic University of Leuven. For me it is not only material but also moral incentive which proves that business in our country is interested in high quality and comprehensive youth education. I sincerely hope that I will be able to use knowledge acquired at Vytautas Magnus University and Catholic University of Leuven in Lithuania after studies”, Martynas Prievelis, one of the winners of INTER RAO Lietuva memorial scholarship, student of the Master’s degree programme in Finance and Banking, told.

INTER RAO Lietuva collaborates with Vytautas Magnus University from the first year of its establishment and supports activity improvement and development of this educational institution in Kaunas. In previous years, memorial scholarships and support were granted by UAB Scaent Baltic, one of INTER RAO Lietuva shareholders. This year, INTER RAO Lietuva granted two memorial scholarships of 3,000 and 1,500 EUR to the students of Master’s degree programme in Finance and Banking. VMU selected those University master’s students who not only achieved remarkable results but also showed their capability to be the best VMU ambassadors in other educational institutions.

For more information please contact:
Jacek Jan Komar
Spokesperson
INTER RAO Lietuva
Phone +370 5 242 11 21
Mobile +370 662 52 287
E-mail j.komar@interrao.lt
www.interrao.lt

2013 06 06

INTER RAO Lietuva will reorganise its two controlled subsidiaries

The Board of AB INTER RAO Lietuva decided to approve the reorganisation of its subsidiaries, UAB IRL Wind and UAB Vydmantai Wind Park, to increase the efficiency of the subsidiaries. During this process UAB IRL Wind will be merged with UAB Vydmantai Wind Park, transferring to the latter the accumulated experience and knowledge in preparation for further business development.

UAB Vydmantai Wind Park will take over all long-term and short-term assets of UAB IRL Wind as well as its long-term and short-term financial and other liabilities, amounts receivable and payable, rights and obligations arising out of contracts made by UAB IRL Wind or on other basis, except for UAB IRL Wind rights and obligations, which transfer is prohibited subject to the imperative legislation of the Republic of Lithuania or which cannot be transferred to other entity during reorganisation.

2013 06 05

Cultural Investment of INTER RAO Lietuva – Sponsorship for the Exhibition Lucas Cranach the Elder: Madonna and Child under the Apple Tree

In order to continue a long-lived tradition to contribute to the initiatives significant for cultural life of the country, AB INTER RAO Lietuva sponsored the exhibition Lucas Cranach the Elder (1472-1553): Madonna and Child under the Apple Tree. The exhibition opened at Vilnius Picture Gallery on Tuesday is dedicated to Lithuanian Presidency of the Council of the European Union and will be open until 8th September this year.

“By contributing to realization of the exhibition and bringing of the masterpiece by the unique Renaissance genius to Lithuania, we not only contribute to the cultural spread but also to the development of public mind. We hope that opportunity to see Lucas Cranach the Elder’s unique piece brought from Hermitage Museum to the capital of Lithuania will attract many people of our country”, Giedrius Balčiūnas, General Manager of INTER RAO Lietuva, told.

Being a socially responsible company, INTER RAO Lietuva constantly contributes to upbringing of young generation and supports the gifted youths by different methods. Our company invests in a better future of our country by contributing to science and culture.

Read more about the public, social, scientific, cultural and sportive initiatives supported by AB INTER RAO Lietuva on the web site of the company at: http://www.interrao.lt/eng/About-Us/Social-Responsibility/.

For more information please contact:
Jacek Jan Komar
Spokesperson
INTER RAO Lietuva
Phone +370 5 242 11 21
Mobile +370 662 52 287
E-mail j.komar@interrao.lt
www.interrao.lt

2013 04 26

Magnus Astrom put in charge of Scaent Baltic board

Magnus Astrom, a member of the board of UAB Scaent Baltic, one of the largest investment firms in Lithuania controlling energy, financial services and media companies, has been appointed chairperson of the board.

Jonas Garbaravicius, who has managed the firm since its establishment and reached all the targets, will become a partner at CEE Resources & Investments, an investment firm operating in the City of London, UK, the European financial centre. Together with partners, Jonas Garbaravicius will implement the investment development strategy in oil production and trade, electricity, renewable energy sources and resources as well as financial sectors.

Jonas Garbaravicius noted that the decision to expand professionally to major European financial centres and Russian market has been in the making for a number of years.

“I have been thinking about this career move for some time. However, I had an agreement with my colleagues and partners that I will personally see to the completion one of the largest projects implemented by the groups controlled by our company – the listing of Inter Rao Lietuva on the Warsaw Stock Exchange. Today, nearly five months after the trading in stock began, I can firmly say that the project has been completed successfully. Therefore, I believe it is reasonable to hand over the management of a successful and efficient business to my long-term colleague and excellent professional Magnus Astrom from Sweden who is held in high esteem by his peers,” says Jonas Garbaravicius.

Magnus Astrom is the Managing Director of Swedish companies Scaent AB and Inter Green Renewables and Trading AB, has served in the positions of a board member and deputy managing director. In 2001–2004, M. Astrom worked at TXU Nordic Energy Oy, which operates in Sweden and Finland, as sales manager and sales director. M. Astrom is a graduate of the Royal Institute of Technology in Stockholm and studied at Strathclyde University in Scotland.

Magnus Astrom hopes that his vast experience in the energy sector, management and cost optimisation will help and guide his leadership on the board of Scaent Baltic.

“I believe that the experience I gained in the Nordic electricity sector will be very useful in Lithuania in outlining further policies of Scaent Baltic and responding to the changing situation. However, Scaent Baltic has no plans to expand further on the Lithuanian market,“ says Magnus Astrom.

Linas Garbaravicius will be a new member of the board of Scaent Baltic.

About Scaent Baltic

Currently, Scaent Baltic and partners control financial services, energy, publishing and investment companies in Lithuania, Latvia, Estonia and Poland. The Group includes UAB Scaent Baltic Investment, UAB East Europe Investment Group, FMĮ Orion Securities, UAB Orion Asset Management, UAB SC Baltic Media, UAB Intelligent Media, UAB Franchise Media, UAB SC Baltic Realty, UAB Alproka, UAB Genys, SIA Genys, etc. The company has a participating interest of 29% in INTER RAO Lietuva.

For contacts:

Dr. Paulius Vazniokas
Managing Director
UAB Scaent Baltic
Tel.: (+370 5) 242 11 21
E-mail: info@scaent.lt
Website: www.scaent.lt