European Union

Eurogroup agrees Lithuanian draft budget not as risky as EC believes

The Eurogroup, which has discussed the European Commission‘s (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle […]

Global LT

Drop in expatriate remittances spells bad news for Lithuanian economy

Remittances from the Lithuanian diaspora has long played a significant role in the country’s economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from falling into poverty. Statistics indicate, however, that remittances have dropped significantly this year. […]

Defence

Lithuania commemorated army day

Lithuanian military day and the 97th anniversary of the restoration of the Lithuanian army was commemorated on Monday. […]

Linas Linkevičius

2015 breakthrough year for Baltic energy independence, Minister Linkevičius says

During the 21st Baltic Council at the Seimas (Parliament) on 20 November, Minister of Foreign Affairs of Lithuania Linas Linkevičius underlined the need to further strengthen security in the region and stressed the importance of ensuring energy independence, the Ministry of Foreign Affairs said. […]

Society

Lithuanian police discarding Kalashnikov rifles after two unfortunate incidents

Police officers in Lithuania will no longer be issued automatic rifles, following two high-profile incidents last week. The Kalashnikov guns were handed out to police officers after terrorist attacks in Paris. […]