"Through the restructuring of obligations, the company will restore the working capital needed to develop profitable operations," the paper quoted Vėtrūna Chairman Rolandas Baškys as saying.
Vėtrūna, which is one of the country's biggest construction companies, says that it has signed 19 building contracts to date and is already working on 17 of the contracts. The total value of the contracts signed is 127 million litas, with 66 million litas worth of work planned to be done this year.
The company currently owes a total of 58.8 million litas to its creditors.
Vėtrūna applied for restructuring after Nukem, a Russian-owned German company, did not pay it for work in a decommissioning project at Ignalina Nuclear Power Plant.
