The Reins of ŠIauliai Energija Will Be in the Hands of the Mayor on Trial in a Corruption Case

Lietuvos Radijas ir Televizija

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Šiauliai City Council approved the proposal to transform AB Šiaulių energija into a UAB and to abandon the board. The motivation is that the board has become unnecessary, and money will be saved. Meanwhile, critics see this step differently - a profitable municipal company is being transferred to the hands of a mayor accused of corruption, and it may also become a political tool in the upcoming local elections.

lrytas.lt

Factuality

Ownership

The Šiauliai City Council approved the proposal to transform the municipally-owned joint-stock company Šiaulių energija into a private limited company (UAB) and to abolish the board, the news portal lrt.lt reports.