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Month: August 2014
Economy
Seimas speaker sees possibilities to raise minimum wage
Seimas Speaker Loreta Graužinienė expects that Russia’s sanctions will not cause a sharp decline in Lithuania’s budget revenue and says that she sees possibilities for raising monthly minimum wage. […]
Economy
Five Lithuanian entrepreneurs appear on Nordic’s Business Report for 30 under 30
Nordic Business Report produces rankings of influential people in the business sphere. „In 2011 we ranked the greatest business thinkers in Finland, and in 2012 – in the whole Nordics. This year we decided to rank the younger generation – the people who really show us the trends of future. The scope was also upgraded significantly. We ended up having whole North Europe covered in this 30 under 30 ranking: Finland, Sweden, Norway, Iceland, Denmark, Estonia, Latvia, Lithuania and Russia”, says Hans-Peter Siefen, founder and CEO of Nordic Business Forum. […]
Politics
Lithuania’s Labour Party to choose among five candidates for energy minister
The Labour Party will choose a nominee for the position of energy minister from five candidates, says Speaker of the Seimas, chairwoman of the Labour Party Loreta Graužinienė. […]
Politics
Lithuania’s dismissed energy minister says he was forced into appointing controversial deputy
Jaroslav Neverovič, who has been dismissed as energy minister this week, says he made unsuccessful attempts to persuade leadership of the Electoral Action of Poles in Lithuania (LLRA) to refrain from appointing the controversial Renata Cytacka as deputy minister. […]
European Union
Hungary’s Orban: Baltic States set bad example
The Hungarian prime minister, who is notorious for his contradictory statements, said that he was against the Baltic States‘ attitude towards Russia and highlighted that he was to seek for the European Union (EU) to improve its relations with Moscow. Viktor Orban also said that the values were important, yet that Hungary saw Russia as a business partner first. […]
Opinion
Opinion: Russia’s psychological warfare – battles without armed confrontation
This year, during the month of July, the Central and Eastern European Coalition (CEEC), met with California U.S. congressman Adam Schiff and the U.S. Governor of the Broadcasting Board of Governors (BBG), Matthew Armstrong, to exchange thoughts on Russian inspired and supported armed conflicts and threats in the CEE region. […]
Energy
Former energy vice-minister: Deal with Statoil gives Lithuania a trump card in negotiations with Russia
Last week, Lithuania signed a historic contract of liquefied natural gas (LNG) supply with the Norwegian company Statoil. Even if the price of gas set by Statoil will be somewhat higher than the one Lithuania pays now, it is important that, for the first time in history, the country has an alternative to Russian gas, says Romas Švedas, former deputy minister of energy and lecturer at the International Relations and Political Science Institute of Vilnius University (VU TSPMI). […]
Politics
Electoral Action of Poles in Lithuania party quits ruling coalition
After the meeting of the Coalition political council, the leader of the Electoral Action of Poles in Lithuania (LLRA) Valdemar Tomaševski announced that the party is withdrawing from the government. Prime Minister Algirdas Butkevičius said that three parties remain in the Coalition, whereas, based on quotas, the energy ministers position will go to the Labour Party. […]
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Foreign affairs
Lithuania and Moldova discuss cooperation in justice
On Monday, Deputy Minister of Foreign Affairs of Lithuania Rolandas Kriščiūnas and Moldova‘s Deputy Minister of Justice Sabina Cerbu discussed issues relating to bilateral cooperation in the area of justice, the Ministry of Foreign Affairs informs. […]
Politics
Lithuania’s Transport Ministry is repeating errors of previous year, auditors say
The National Audit Office has completed a financial (regularity) audit of the Ministry of Transport and Communications for the year 2013, the National Audit Office reports. […]
Economy
Prime Minister Butkevičius: Problems of businesses are national problems
Prime Minister Algirdas Butkevičius says that problems faced by entrepreneurs affected by Russia‘s sanctions should be regarded as problems of national significance. […]
Politics
Lithuanian president urges government to boost defence and tame populism
Lithuania’s President Dalia Grybauskaitė on Tuesday urged the government to boost defence spending in the face of Russian threats and tame financial populism in the run-up to elections to local governments. […]
Energy
Analyst: Russia could only do more harm to Lithuania through cuts in gas supplies
Russia’s sanctions against imports of farm and food products were the trump card of the neighbouring country and it only could do more harm through restrictions on the sale of energy sources to the European Union’s (EU) countries, chief economist of Swedbank Lithuania has said, adding that in this way Moscow would also inflict significant harm on itself. […]
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Senior official sets out Estonian hopes for NATO summit
Ahead of the NATO Summit in Wales senior government official says that Estonia is seeking reassurances on the continued stay of already increased allied presence in the country. The government never asked for huge static forces like the ones stationed in Germany. […]
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Estonian General: It takes more than three hours to invade Estonia
Estonian retired Brigadier General Urmas Roosimägi rejects the assertion that Estonia could be overrun by the Russian forces in three hours – a claim made by the British columnist Edward Lucas in his article for the Politico magazine. […]
Defence
Canadian fighter jets arrive in Lithuania for NATO air policing mission
Four F-18 Hornet fighter jets of the Royal Canadian Air Force landed at the Aviation Base in Šiauliai on Tuesday. […]
Economy
Minimum wage may reach 350 euros in two years, says Swedbank economist
Minimum monthly wage in Lithuania may reach 350 euros at the end of 2016, chief economist of Swedbank Lithuania says, adding that this estimate is based on the government program and economic growth. […]