Baltija hotel and health complex cut off from budget resources

Amid sweeping budget cuts being implemented this spring, the Lithuanian government has decided to stop financing the Baltija holiday home in the coastal resort of Palanga from the state budget. An additional decision has been made to transfer the owner's rights and obligations to the Ministry of Economy. As a result, the government plans to save LTL 883,000 (EUR 256,000). Currently owned by the Office of the Government of Lithuania, the Baltija is the biggest complex of rest and health treatment services in Palanga and includes the Auska, Zilvinas and Vyturys hotels, a recently renovated youth hostel and a rehabilitation centre.

Verslo Zinios, 2009-04-16