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Economy

Companies in Lithuania cut investment due to geopolitical fears

Despite the importance of investment, entrepreneurs in Lithuania invest miserably little, while recent Russia‘s actions have made companies fear investment activities even more. Swedbank’s senior economist Laura Galdikienė says that companies cut their investments because of fears. […]

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Economy

Economists warn Russia’s new restrictions might affect Lithuania’s entire economy

If stepped-up checks of Lithuanian trucks at the Russian border remain in place for an extended period of time, Lithuania’s transport sector would suffer substantial losses, which may hit hard the entire national economy, the economists have warned, adding that new Russia’s restrictions will undermine Lithuania’s competitive edge in the region, as far as re-exports of goods from the West to Russia are concerned. […]

Defence

Portugal sends reconnaissance plane to Lithuania after sub hunt off Swedish coasts

After the mysterious hunt for a submarine off the coasts of Sweden, a Portuguese Air Force reconnaissance airplane Lockheed P-3C CUP was sent to Lithuania in late October to observe the Baltic Sea. […]

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Uncategorized

President Grybauskaitė: Russia made accusations against entire Europe

Lithuanian President Dalia Grybauskaitė said that the statement of head of Federal Customs Service of Russia Andrey Belyaninov, who said that Lithuanian vehicle inspection was made stricter because the country is used to import illegal embargo goods from the entire European Union, is an accusation on the EU as a whole. She also said that solutions will have to be found at the European level. […]

Lithuanian-Russian border
Economy

Russian customs officers instructed to put Lithuanian vehicles under extra scrutiny

Russian customs officers have been instructed to thoroughly check vehicles from Lithuania, the Lithuanian national road carriers association Linava said on Tuesday. […]

Dalia Grybauskaitė and Petro Poroshenko
Uncategorized

Lithuanian president’s office vague about reported armaments supply to Ukraine

Ukrainian President Petro Poroshenko said at a news conference with visiting Lithuanian President Dalia Grybauskaitė that it was agreed on “supplies of concrete elements of concrete armaments” to Ukraine, but Lithuanian president’s office does not specify what exactly was promised. […]