Month: January 2016

A Russian ban on Turkish food products has caused a glut of fruit and vegetables on European markets, causing a price war among producer countries, but it is not clear if it will have any effect on prices in Lithuania. […]

Talking about massacre of Jews in Lithuania still taboo 75 years later, says author

Talking about the massacre of Jews in Lithuania in 1941 is still taboo 75 years later, according to the Lithuanian author of a new book about the events. […]

Decentralise state agencies to the regions, says MP

January 27, 2016 the Lithuania Tribune 0

The government should decentralise state-controlled enterprises, public institutions and government organisations to the regions to move more jobs out of the capital to the regions, especially to the underdeveloped municipalities, said parliamentarian Kęstutis Masiulis. […]

Gazprom will have to be more flexible to sell gas in Lithuania, minister says

January 27, 2016 BNS 0

Russia’s gas behemoth Gazprom will have to be more flexible in order to sell gas in Lithuania, Energy Minister Rokas Masiulis said on Tuesday, commenting on a liquefied natural gas (LNG) purchase deal reached between Achema, the country’s largest gas consumer, and Norway‘s Statoil. […]

Lithuania improves its standing in corruption rankings

Lithuania is seen as less corrupt than before as the country moves up seven spots in Transparency International‘s corruption perception index. […]

France’s Veolia may exit Lithuanian market

January 27, 2016 BNS 0

France‘s Veolia, which owns energy companies Vilniaus Energija and Litesko in Lithuania, is set to announce its plans regarding its Lithuanian assets. Sources say the French company might be leaving the Lithuanian market. […]

Unpredictable Poland is the new Russia for Lithuanian exporters, say economists

After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis. […]

Huge trial over January 13th events in Vilnius will spill over into court hallway

On Wednesday, a Vilnius court will open hearings into the case surrounding the 13 January 1991 attempted coup, which is one of the biggest trials in Lithuania’s history in terms of the size and the number of suspects. […]

Businessman suspected of embezzling EU money arrested in Vietnam

Sergey Rachinstein, a businessman wanted by Lithuania on the suspicion of embezzling European Union (EU) funds, was detained in the city of Ho Chi Minh in Vietnam last week. […]

Modern and contemporary Lithuanian artists exhibit “Dual Identity’ in Stockholm

January 26, 2016 Lithuania Tribune 0

Lithuanian artists based in Sweden presented their works at an event hosted at the residence of the Lithuanian ambassador in Stockholm. […]

Poland becoming as unpredictable as Russia, economist says

Poland is now as unpredictable as Russia, says Swedbank chief economist Nerijus Mačiulis, adding that recent developments in Poland, which has become the second-largest export market for Lithuanian goods, may have negative repercussions for Lithuania. […]

Lithuania’s Achema concludes gas deal with Statoil

Achema, Lithuanian fertilizer producer and the biggest gas consumer in the country, concluded a gas supply deal with Norway’s Statoil on Tuesday. Statoil will deliver liquefied natural gas (LNG) to the company in tankers via the LNG terminal in Klaipėda. […]

Europe’s security might trump freedom of movement, Lithuanian minister says

The European Union might have to sacrifice the free movement of people for the sake of security, if it fails to control the flow of migrants, Lithuanian Interior Minister Saulius Skvernelis said on Tuesday. […]

EU to demand veto on Gazprom deals with EU countries including Lithuania

The EU is seeking new powers to vet gas contracts between Russia and EU countries like Lithuania and the Baltic States before they are signed in an effort to curb the influence of Gazprom on European Union gas markets. […]

What are the prospects for growing Lithuania’s exports?

January 26, 2016 www.lrt.lt 0

“The beginning of 2016 was one of the worst years in history for raw material and stock prices,” said Swedbank Chief Economist Nerijus Mačiulis. On Tuesday, he presented his projections for economic growth in Lithuania, and the prospects for exports and the international economy. […]

Experts warn highest bidder not best as Lithuania seeks operator for airports

Lithuania is seeking private companies to compete for a concession deal to run the country’s three international airports but aviation experts warn that the highest bidder might not be the right choice. […]

No progressive taxation in Lithuania, PM says

Lithuania will not introduce progressive taxation because there are too few high-earners, according to the country’s social democrat Prime Minister Algirdas Butkevičius. […]

Lithuanians travel least of Baltic nations