Vitas Vasiliauskas

Head of Lithuanian bank to appear before Seimas after leak shows offshore connection

Vitas Vasiliauskas, the head of Lithuania’s central bank, has been asked to provide an explanation to the Seimas after it was reported that he represented an offshore company linked to Russia’s oligarch Nikolai Tsvetkov before becoming the head of the bank. […]


Russian investment in Lithuania ‘drops dramatically’

The total amount of Russian investment in Lithuania is now four times below the level it was a decade ago, dropping to €500 million last year, reports business daily Verslo Žinios. […]

Jaroslaw Kaczynski

What does Poland’s political upheaval mean for Lithuania?

The nationalistic Law and Justice party that recently came into power in Poland has been eyed warily by neighbors and other countries in the EU. Some have been worried about the its moves to tighten its control over the media and constitutional courts, and Lithuanian analysts are also split about what to make of the new political climate. In a show on LRT, several respected political observers discussed the ongoing events in Poland. […]

Lukoil petrol station

Why is Lukoil really leaving Lithuania?

Just before Christmas, Lukoil president Vagit Alekperov announced that Lukoil would start to withdraw from Lithuania and Latvia. However, for a number of Lithuanian economists it appeared strange that one of the main reasons why Lukoil said that it had decided to withdraw from Lithuania and Latvia was not linked to the company‘s move to performance optimization and a switch on the wholesale oil market, but rather the anti-Russian mood in the two countries, reports. […]