OREANDA-NEWS. On December 1, 2014 Vilius Juraitis started to fulfil his duties in the Management Board of Elektrum Lietuva, UAB after being selected in a competitive recruitment procedure. Vilius Juraitis has an extensive experience in an executive position, which he has gained by working as a Chief Executive Officer at Cherry Media since 2010. Vilius participated in start-up and development of Cherry Media that is currently the leader of e-commerce in Baltic region.

Due to the mentioned changes, the Management Board of Elektrum Lietuva, UAB consists of two Management Board members now – Gatis Jungh?ns and newly elected Vilius Juraitis, who will fulfil Chairman of the Management Board duties.

Vilius Juraitis, Chairman of the Management Board of Elektrum Lietuva, UAB: „The competition for business clients among independent suppliers is increasing. Nevertheless it is important to take into account the approaching opening of the household customer market. We will continue to develop our offer and will follow changes in the market, which is developing and broadening not only in Lithuania, but in all region, thus strengthening our competence and position in Lithuania. We are working purposefully to be ready for the opening of the household customer market in Lithuania. The number of our customers in Lithuania is increasing that proves that we are considered as reliable and stable partner with a convenient customer service.”

Elektrum Lietuva, UAB is AS Latvenergo 100% owned subsidiary, which is engaged in electricity supply in Lithuania.

Due to focused electricity trade activities the total electricity volume supplied by Latvenergo Group abroad in 9 months of 2014 has been increased by 47% and comprises more than one-third of retail electricity supply. The number of customers in neighboring countries reached nearly 34 thousands.

Latvenergo Group market share exceeds one-third of the Baltic electricity consumption - retail electricity supply has been increased by 7% compared to the respective period last year and is 6,477 GWh. Latvenergo Group electricity supply volume in Latvia was 4,109 GWh, in Lithuania – 1,393 GWh and in Estonia – 975 GWh. Most significantly electricity supply increased outside Latvia – in 9 months of 2014, the electricity supply volume in Lithuania and Estonia has been increased by 47% and comprises more than one third of retail electricity supply.