"Philip Morris Lietuva"
Economy

Philip Morris launches EUR 40mn investment project in Lithuania

On 23 December, Philip Morris announced the launch of a new LTL 137 million (EUR 40 million) investment project to expand its factory in Klaipėda. The expansion and modernisation of the factory, which is already set to start this year, will increase production capacity by 40 percent. All extra production will be exported, primarily to the highly quality exigent market of Japan. The investment will create 40 new jobs at the factory and provide more orders for local Lithuanian service suppliers and business partners. Currently, more than 90 percent of Klaipėda-based factory production is exported to around 60 global markets, Invest Lithuania said. […]

Loreta Graužinienė
Economy

Seimas speaker: Last session historic because of euro decisions

The fall session just completed by the Lithuanian parliament is historic, as it adopted a package of laws ensuring Lithuania‘s accession to the euro area, Parliamentary Speaker Loreta Graužinienė says. […]

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Economy

Lithuanian hotel to accept payments in bitcoins

The network of Nordic Choice Hotels, which includes Comfort Hotel LT – Rock’n’Roll Vilnius located in Lithuania’s capital, will allow to pay for services using Bitcoins, a digital currency. […]

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Economy

Lithuanian business start-ups to expand despite slowing economy

With the country’s economy growing slower than expected, most business start-ups in Lithuania are taking advantage of the situation in the domestic market. While the country’s largest companies are estimating the consequences of Russia’s embargo, Lithuanian business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement. […]

Culture

Vilnius celebrates Christmas with 3D fairytale projected on Cathedral façade

Vilnius Christmas tradition – a 3D Christmas Fairytale – in recent years has become the most welcome winter holiday event in the capital of Lithuania. To watch 3D Christmas Fairytale in the main city’s square, families come with children, relatives and friends from all over Lithuania and tourists from all over the world who wish to enjoy the spectacle. […]

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Uncategorized

Putin’s Russia. Roots of today’s regime date back to KGB under Andropov

In the articles of Putin’s Russia series I have repeatedly written about Yevgeny Primakov’s clan. I have described in detail the ongoing battle regarding the implementation of the so-called peace plan in Ukraine, and Primakov’s influence structures both in Russia and in the West. The article about Yevtushenkov’s case was also inevitably related to the information about Primakov’s clan because the oligarch was considered the member of this clan. […]

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Foreign affairs

Lithuanian president rejects invitation to Moscow WWII event

Lithuania’s President Dalia Grybauskaitė has received an invitation from Russia to attend festivities to mark 70th anniversary of the Soviet Union’s victory against Nazi Germany but will not attend the events in Moscow next year. […]