Economy
Month: November 2015
Global LT
Seimas and World Lithuanian Community Commission to discuss citizenship and refugees
The Seimas and the World Lithuanian Community Commission is starting its work in the Lithuanian parliament on Tuesday. The commission’s agenda includes issues related to preservation of Lithuanian citizenship, setting up a voting constituency for expatriates and refugee resettlement. […]
Defence
Five military exercises planned in Lithuania in November
Five national and international military exercises are planned in Lithuania in November. Lieutenant General Jonas Vytautas Žukas, the Chief of Defence of Lithuania, says that these exercises, which involve thousands of soldiers and considerable military equipment, do not only show Lithuania‘s preparedness to defend itself, but also NATO‘s attention to collective defence in Eastern Europe. […]
Energy
Economy
Has Lithuania‘s economy caught up with those of Greece and Portugal?
Danish economist Morten Hansen and Romas Lazutka, professor at Vilnius University, argue that Lithuania‘s economy has caught caught up with those of Greece and Portugal. The two scholars and Žilvinas Šilėnas, the president of the Lithuanian Free Market Institute, provide different explanations why. […]
Energy
Klaipėda LNG Terminal one year on – independence or responsibility?
On 27 October 2014, the port of Klaipėda on the sea coast of Lithuania was crowded with people and heads of the Baltic States. The day marked a new era in the energy security sector for Lithuania, Latvia and Estonia, as an LNG ship called “Independence” was met with Lithuanian flags waving high. Even higher were the expectations of this floating LNG terminal which at the time analysts called “a game changer” in the Baltic gas sector. However, one year on, Lithuanian government is struggling to find ways to lower the FSRU costs and expand their gas market – “Independence” has become an expensive burden. […]
Economy
Lithuania’s industrialists to organise Annual Economic Forum
On 1 December 2015, Lithuanian Confederation of Industrialists (LPK) is organizing its Annual Economic. Experts and representatives from leading global competitors, like Switzerland, Germany, USA and business leaders from other countries, shall discuss on global and European issues, including progress and issues of competitiveness in Lithuania, the Lithuanian Confederation of Industrialists said. […]
Politics
Lithuanian parliament speaker: President accused MPs of falling under criminal influence
President Dalia Grybauskaitė has accused the parliament of being influenced by interest groups when it voted down two candidates proposed for the post of prosecutor general. Parliament Speaker Loreta Graužinienė says there will not be another vote until all suspicions are cleared. […]
Society
One arrested on suspicions of embezzling property of Ignalina NPP
The Special Investigation Service (STT) Panevėžys Department detained a person on suspicions of acting in a group of accomplices and misappropriating high-value property of Ignalina Nuclear Power Plant (NPP), which is being decommissioned. The court gave authorisation to arrest the person for ten days. […]
Culture
Politics
MEP Antanas Guoga to challenge PM in Lithuania’s parliamentary elections
Antanas Guoga, member of the European Parliament, has announced he will be running for a seat in the Lithuanian parliament, the Seimas, in next year’s general elections. […]
Defence
Conscription lists for 2016 in Lithuania to be compiled in January
Mandatory military service lists in Lithuania for 2016 will be finalized on 7 January 2016. As in 2015, next year 3,000 young men will join the 9-month mandatory service. […]
Energy
Vilnius court upholds EUR 35m antitrust fine for Gazprom
Vilnius Regional Administrative Court has rejected OAO Gazprom‘s compliant against Lithuania’s Competition Council. […]
Foreign affairs
Lithuania’s Grybauskaitė extends condolences on passing of Israeli former president
Lithuanian President Dalia Grybauskaitė has expressed condolences over the passing of former President of Israel Yitzhak Navon, the Lithuanian president’s office said in a statement. […]
Opinion
Opinion: Results of Russian bombings in Syria
One month after Russia got itself involved into the Syrian war, there is little doubt that Moscow’s actions, aimed at soothing domestic delusions of grandeur, will only bring more chaos and destruction into the conflict, argues Vytautas Dumbliauskas, Associate Professor at Mykolas Romeris University. […]
Society
Victims of WWI honoured in Lithuania
Remembrance Day commemoration to honour victims of WWI and WWII started on November 8. […]
Economy
Growing housing gap between Vilnius and other cities
A gap between housing prices in Vilnius and other towns in Lithuania is growing. While apartments in Vilnius are becoming more expensive, apartment prices in Kaunas, Šiauliai and Panevėžys are stable or even dropping. […]
Foreign affairs
Last Lithuanian tourists to fly back from Sharm el-Sheikh on Wednesday
The last group Lithuanian tourists in Egypt‘s Sharm el-Sheikh will be flown back home on Wednesday at the latest. On Sunday evening, the charter operator Small Planet Airlines carried 178 tourists from the resort destination in the Sinai Peninsula to Vilnius, ELTA reports. […]
Politics
Telšiai to hold run-off mayoral election
On 22 November, residents of Telšiai District in Lithuania will elect their new mayor – either Social Democrat Saulius Urbonas or Labour Party’s Petras Kuizinas. […]
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