Economy

Competition Council should keep an eye on the newest Teo purchase

IT and telecommunications company Teo has purchased 100 percent of the shares of the Lithuanian mobile service provider Omnitel from its current shareholder TeliaSonera. The move has provoked a lot of discussion in the Lithuania public sphere and that shouldn’t surprise anyone as the purchase is one of the biggest in Lithuania’s business history. Both companies are owned by Swedish Company TeliaSonera. […]

Economy

Lithuania plans to raise retirement age

The Lithuanian Parliament has begun considering legislative amendments that would peg retirement to average life expectancy. It has been proposed that two years after the average projected life expectancy of people aged 65 years grows by six months, the retirement age would be raised by six months as well. […]

Dalia Grybauskaitė
European Union

Lithuanian president rails against economic migrants prior to European Council meeting

Lithuanian President Dalia Grybauskaitė, who is attending a European Council meeting to discuss the refugee crisis, says that economic migrants should be separated from genuine war-fleeing refugees and the latter are not supposed to be picky which safe country to go to. […]

No Picture
Opinion

Sigmar Gabriel and Frank-Walter Steinmeier: A confident and realistic approach to refugee crisis

What are our obligations to those threatened by war and violence? What and how much can we cope with? When will we reach our uppermost limits? Each of these three questions is quite legitimate. But if the debate is restricted to the media soundbites “we can do it” and “the boat is full”, then the refugee crisis threatens to tear our society apart. We need an honest discussion about our realistic scope for action. […]

Defence

NATO experts welcome Lithuania’s defence reforms

On 13-14 October, NATO defence planning experts conducted a visit in Lithuania to assess the status quo of Lithuania’s defence capabilities and prospective defence reforms. NATO experts were particularly interested in the steps Lithuania made to respond to changing security situation in the region, Lithuania’s Ministry of National Defence said. […]

"Rail Baltica"
Economy

First stage of Rail Baltica completed

Lithuania’s Kauno Tiltai AB, the largest transportation infrastructure company in the Baltics, and Mitnija UAB, the largest construction company in Lithuania, have finished laying, remodelling and upgrading the first European gauge railway from Šeštokai town to Marijampolė town (Lithuania), Mitnija said in a press release. […]

European Union

Polish-Lithuanian gas interconnection funding deal to be signed in Brussels

Lithuania, Poland and the European Commission are signing a deal on Thursday over the financing of the GIPL gas pipeline between Lithuania and Poland. The interconnection is said to be an important project in furthering the EU’s energy union and the Baltic aspiration towards energy independence from Russia. […]