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Government promises there will be three million of us once more, experts shrug

The government is aiming to stabilise the demographic situation by 2021 and predicts that by 2030, we will once more become a country of three million. This is to be achieved through greater birth rates, larger return grants for returning citizens and longer life expectancy. However, migration expert Karolis Žibas notes that the emigrant attraction programmes will not work out until the country’s socioeconomic situation improves. Meanwhile, demographics expert Vlada Stankūnienė explains that the planned direct grants will not encourage larger birth rates, writes. […]

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Economist Vytenis Šimkus: how much might Brexit cost Lithuania?

The mists over the future of UK – EU relations currently still lingers. It appears that Theresa May’s cabinet is starting to completely lose control of the situation. According to political experts, the agreement she has obtained has practically no chance of receiving support in the UK’s House of Commons. The European Court of Justice introduced even more uncertainty on Monday, by declaring that the UK can unilaterally cancel the Brexit process, economist Vytenis Šimkus writes on Currently all the scenarios are plausible, but what could each of them means for the Lithuanian economy? […]


Oro Navigacija starts rebranding of its image by changing its logo

While undergoing the process of modernisation, the strategic company Oro Navigacija, whose mission is to provide flight safety in the Lithuanian airspace, is presenting its new logo. The trademark that had been representing the enterprise for seventeen years was replaced by a modern one, which communicates the same message to both the Lithuanian and the foreign audience, a press release from Oro Navigacija states. […]


OECD review on corporate governance in Lithuania: praise and recommendations

The Organisation for Economic Cooperation and Development (OECD) has published a review of corporate governance in Lithuania, in which Lithuania’s capacities, reform efforts and willingness to adopt the OECD standards and principles have been positively assessed. In the review, the OECD also made recommendations on how Lithuania could continue to improve this area in the future, a press release from the Ministry of Economy states. […]

Latvian banks handle many international clients

Latvian banks under pressure from US to curb money laundering

Will pressure from the United States, fear of losing the last dollar correspondent account, and an impending vote on admission into the OECD finally force Latvia to curb the laundering of dirty money for shady figures from the former Soviet Union via Latvia’s non-resident banks? […]

Lithuanian Minister of Foreign Affairs Linas Linkevičius met with Marie Kiviniemi, Deputy Secretary-General of the Organisation for Economic Co-operation and Development. Photo MFA
Foreign affairs

Lithuania’s MFA will make every effort to ensure smooth OECD accession, minister says

On 17 September, Lithuanian Minister of Foreign Affairs Linas Linkevičius met with Marie Kiviniemi, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), who was visiting Vilnius. […]

Dalia Grybauskaitė

Lithuanian president delivers State of the Nation address: The world is not a peaceful place

Lithuanian President Dalia Grybauskaitė made her annual State of the Nation address at the Lithuanian parliament, Seimas, on Thursday. In her speech, the president mostly focused on national defence, security challenges stemming from Russia‘s aggressive policies, as well as emigration of working-age population. Grybauskaitė also stressed the need to work more on addressing social issues, particularly in childcare institutions. […]

Linas Linkevičius
Foreign affairs

Minister Linkevičius thanks Japan for lending support to Lithuania’s OECD membership

On 15 April, Minister of Foreign Affairs of Lithuania Linas Linkevičius in a meeting with Parliamentary Deputy Minister for Foreign Affairs of Japan Kentaro Sonoura expressed his gratitude to Japan for supporting Lithuania’s ambition to join the Organisation for Economic Co-operation and Development (OECD) and noted that Lithuania was looking forward to mutually beneficial cooperation within the OECD. […]

Margrethe Vestager. The Mark News photo

Loopholes and taxation: Overseeing a fairer European Union

Companies should pay a fair share of taxes on the money they earn, and governments should not favor certain businesses by giving them advantages not available to others. This sounds straightforward, but the reality is not. […]