in Maxima
Economy

Lithuanians do not expect positive economic changes in near-term

The Lithuanian Consumer Confidence Index (CCI) remained negative in August – more people claimed that their household’s financial situation worsened or remained the same, while one in ten predicted unemployment to rise in the next 12 months. […]

During th opening of Green Garage, professional maker space in Vilnius
Economy

First maker space in Baltic states opens in Vilnius

3D printers and scanners, laser cutters, router machines, cutting-edge computers and an electronics lab: all this has become available in the newly opened Green Garage, the first professional maker space in the Baltic states. The equipment in the workshop is worth €300,000 and is available to everyone who is interested in technology, has ideas or wishes to create something new, Green Garage press office informed. […]

Flag of Moldova
Uncategorized

Linkevičius congratulates Moldova on Independence Day

On 27 August, Minister of Foreign Affairs of Lithuania Linas Linkevičius congratulated Moldova on the occasion of its national holiday – Independence Day. Linkevičius stressed that Lithuania remained committed to supporting Moldova on its European path and stood ready to share its own experience with this country, the Ministry of Foreign Affairs reports. […]

Finish soldier at BALTOPS exercise
Defence

Defending Finland is not our direct obligation – Minister of Defence

Minister of National Defence, Juozas Olekas, says that Lithuania and NATO are not directly obligated to defend Finland in case it is attacked, yet he is sure the Alliance would likely find ways how to help. […]

Algirdas Butkevičius
Uncategorized

PM pays official visit to Ukraine

On August 27 Thursday Prime Minister Algirdas Butkevičius will start a two-day official visit to Ukraine where he will meet the Ukrainian top government officials, participate in the opening ceremony of the Lithuanian Honorary Consulate and discuss trade and investment issues with business community, the prime minister’s press service said. […]

Algirdas Butkevičius and Dalia Grybauskaitė
Economy

PM astonished by president’s public doubts in EU’s support to dairy sector

Lithuania’s Prime Minister Algirdas Butkevičius says he’s astonished by the statement made by the president who said the country would probably be refused the requested European Union (EU) support to the dairy sector. […]

Chinese stock exchange crash
Economy

Falling emerging markets will not have major impact on Lithuania – Danske Bank analyst

Falling stocks in China and other emerging markets will not have a major direct impact on Lithuania, whose export to India, China and the Southeast Asia amounts to less than 1 percent of the total export. What will pose more problems is the decreasing purchasing power in Russia and other countries of the Commonwealth of Independent States. However, cheaper oil will save the situation, says Rokas Grajauskas, Baltic Analyst at Danske Bank. […]

Money
Economy

PM wants pensions to be raised sooner

Lithuanian Prime Minister Algirdas Butkevičius says that pensions may be raised somewhat next January, rather than in July as planned earlier, adding that the size of the increase will depend on the country’s economic situation. […]