BAKU, Azerbaijan, August 7. Between 2021 and 2023, Lithuania hit the nail on the head with its port investments, boasting the highest share of GDP in the EU at 0.21 percent. This figure left other countries, like Greece, in the dust, where the share barely made a ripple at just 0.01 percent, Trend reports.
In the fiscal years 2022 and 2023, Lithuania strategically
allocated substantial capital investment towards the Port of
Klaipeda, with the objective of evolving it into a pivotal hub
within the European maritime logistics framework. The initiative
encompasses the rehabilitation, expansion, and deepening of the
port's quays, thereby facilitating the accommodation of larger
vessels and augmenting overall operational efficiency.
The augmentation amplifies Klaipeda’s strategic throughput and
fortifies its position within the global maritime logistics
framework, while Lithuanian regulatory bodies have underscored that
the initiative has been meticulously engineered with a focus on
ecological sustainability and carbon dioxide emission reduction
strategies.
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