Economy
IMF concludes mission in Lithuania
On Monday, Lithuanian Minister of Finance Rimantas Šadžius and representatives of the International Monetary Fund‘s (IMF) mission summed up the mission’s visit to Lithuania. […]
Year: 2014
Sports
On this day in sport: 6 October
When looking back on EuroBasket history Lithuanian Modestas Paulauskas may deserve the title of “Mr October” following his efforts almost half a century ago. […]
Economy
Economy
Fitch affirms Lithuania’s ratings at A-
Fitch Ratings has affirmed Lithuania’s Long-term foreign and local currency Issuer Default Ratings (IDR) at A-. The outlooks are stable, the rating agency said in a statement, Reuters quotes Fitch. […]
Culture
Society
Lithuanian education system hampers innovation, economist says
The education system oriented at academic achievements prevents Lithuania from becoming an innovative country. It does not promote innovative thinking, entrepreneurship and is impeding such traits says senior economist at Swedbank Laura Galdikienė. […]
Economy
Lithuanian MP proposes to tie minimum wages to average salary
Member of Parliament, chairman of the Order and Justice Party parliamentary group Petras Gražulis has proposed a law that the minimum monthly salary could not be lower than half of the average salary in Lithuania. […]
Society
Uncategorized
Elections will not bring changes to Latvian politics, Lithuanian observer says
The results of Latvia‘s general elections will not bring major political changes in the country, as the current ruling coalition will remain in power, says Professor Mindaugas Jurkynas of Lithuania’s Vytautas Magnus University. […]
Politics
Liberal MP proposes to extend VAT exemptions on heating
Liberal Member of the Lithuanian Parliament Eligijus Masiulis registered a draft law proposing to temporarily extend the reduced VAT rate on the supply of heating and hot water until 31 December 2015. […]
Economy
Bank of Lithuania invests in China’s capital market
The Bank of Lithuania, for the first time, invested a small part of its foreign reserve assets in China‘s securities. To do that, Lithuania’s central bank had to receive the approval of the People’s Bank of China and finish necessary legal procedures for investment in China’s capital market. […]
Foreign affairs
Lithuanian PM tours United States
Lithuanian Prime Minister Algirdas Butkevičius and his delegation are visiting the United States of America (Washington D.C., Pittsburgh, Los Angeles, and Chicago) on 5-13 October. […]
Culture
Foreign Ministry calls for centralized institution to coordinate Lithuania’s representation abroad
Lithuania’s Ministry of Foreign Affairs has called for establishment of an institution subordinate to the government that would be in charge of presenting Lithuania abroad. […]
Uncategorized
Opinion
Uncategorized
Russian-speakers’ party wins elections in Latvia, but ruling coalition retains majority
With nearly 98% of votes in Latvia‘s general elections counted, the social-democratic party Harmony Centre, representing the country’s Russian-speaking minority, has received the largest support in the 12th Saeima elections. However, the ruling coalition – Unity, the Union of Greens and Farmers (UGF) and the National Alliance – has retained majority of votes in the Saeima, data published by the Central Election of Latvia show. […]
Energy
Wind electricity generation up 20 percent in Lithuania
In the first nine months of 2014, Lithuania’s wind farms generated 366.4 Gigawatt-hours (GWh) of electricity, i.e., 19.3 percent more year-on-year. Wind electricity accounted for 16.4 percent of the total electricity generated in Lithuania. […]
Foreign affairs
Lithuanian foreign minister visiting US
On 5-14 October, Minister of Foreign Affairs Linas Linkevičius as part of the delegation headed by Prime Minister Algirdas Butkevičius is visiting the United States of America – Washington, Los Angeles, Chicago and Madison. […]
Sports
On this day in sport: 5 October
On this day in sport Lithuanian Modestas Paulauskas claimed his third straight EuroBasket Gold medal in Italy. […]
Economy
Lithuanian organization among European Enterprise Promotion Award winners
The seven winners of the 8th edition of European Enterprise Promotion Awards (EEPA) were announced on Thursday. Lithuania’s App Camp was recognized for its project Mobile Apps Laboratories, an initiative that, according to the jury, best promotes entrepreneurial spirit. […]