CORPORATE
Kaunas presents Heart award to Landsbergis
Professor Vytautas Landsbergis was presented with the Heart award in Kaunas at the house of the nation on Sunday. […]
Month: January 2016
CORPORATE
Chinchilla farming one of most profitable businesses in Lithuania
Chinchilla farming is one of the most profitable businesses in Lithuania, according to the Ministry of Agriculture. […]
CORPORATE
New Polish musical bench strikes up to commemorate Oginskis in Vilnius
An interactive musical park bench has been given to Vilnius by the Polish Embassy to commerorate the closing of the year dedicated to the composer, politician and diplomat Mykolas Kleopas Oginskis (Michał Kleofas Ogiński). […]
CORPORATE
Municipalities to take over real estate tax collection to increase revenues
Real estate tax collection and revenues will be handed over to municipalities to encourage them to implement the taxes more stringently under new proposals from Finance Minister Rimantas Šadžius. […]
Economy
Apartment rents will go down, economist says
A sudden rise in apartment rents, especially in Vilnius, after the adoption of the euro has no “rational basis”, says Danske Bank economist Rokas Grajauskas, adding that he expects rents to go down this year. […]
Economy
Maxima owners to take shareholders’ dispute to Luxembourg court
Lithuanian businessman Mindaugas Marcinkevičius, a minority shareholder in the company that operates the country’s biggest grocery chain Maxima, is to go to the Luxembourg courts to contest a €90-million loan at below-market interest rates that the company extended to Luxembourg-registered businesses owned by another shareholder. […]
Economy
Lithuania begins blocking international betting websites
Lithuania has begun blocking access to the websites of some foreign online betting companies after tightening controls on online gaming operators at the start of this year. […]
Economy
Debt hits families with instant credit hardest in Lithuania
For almost every second family with financial liabilities, those liabilities are a great financial burden, but households with instant credit face the most difficulties, according to the latest survey of household financial behaviour commissioned by the Bank of Lithuania. […]
Politics
Online shopping drives 55% increase in Lithuanians using self-service parcel kiosks
The number of Lithuanians using self-service parcel terminals increased by 55% in 2015 driven by an increase in online shopping, according to Baltic Post, who operate parcel kiosks across Lithuania. […]
Culture
Funding for Lithuanian filmmakers to increase in 2016
The Lithuanian Film Centre is set to increase its funding and support for Lithuanian filmmakers to €2.66 million in 2016 and expects the number of foreign productions filmed in Lithuanian to grow in the year ahead. […]
Energy
Gas prices to be ‘slightly lower’ under new LNG deal with Statoil
Litgas, the gas trading arm of the state-owned energy group Lietuvos Energija, will sign a renewed liquefied natural gas (LNG) supply contract with Norway‘s Statoil on Monday. […]
Energy
Nord Stream 2 gas pipeline ‘aimed at dividing Europe’
The Nord Stream 2 gas pipeline to Germany, which Russia plans to build across the Baltic Sea, is economically unsound and is a political project aimed at dividing European Union countries, said Lithuania’s President, Dalia Grybauskaite. […]
Opinion
Opinion: The only way to defeat Putin
A cloth voodoo doll with tiny button eyes depicting Vladimir Putin; a knife to cut it; a water bowl to drown it; pins and needles to prick it. And it all feels so good. It’s a perfect illustration of what the desks of certain politicians, reporters and analysts might look like who were writing about Russia in 2014 and 2015. […]
Energy
Lithuanian government must halt Belarus nuclear plant, say former heads of state
Two former Lithuanian leaders – ex-president Valdas Adamkus and the country’s first post-independence leader Vytautas Landsbergis – have urged the government “to do everything in its power to immediately halt the construction of the Astravyets nuclear power plant” in Belarus some 50 km east of Vilnius. […]
Economy
Lithuanian railways to borrow €68m from EIB for infrastructure investments
Lithuanian Railways is to borrow €68 million from the European Investment Bank (EIB) to fund a series of infrastructure improvements. […]
CORPORATE
Banks fail to develop common solution to replace code cards
Commercial banks in Lithuania have still not developed a common alternative for code cards, whose use will be restricted from April. […]
CORPORATE
Falling ruble brings average Russian wages close to minimum in Lithuania
With plummeting oil prices the ruble continues to decline against the euro and other currencies to such an extent that the average Russian wage may soon hit a level equivalent to the Lithuanian minimum wage. […]
CORPORATE
SMEs to get €38m fund for soft loans
A new €38 million fund to provide Lithuanian small and medium-sized businesses with access to soft loans has been announced by the government. […]
CORPORATE
Prime minister demands investigation in food for poor scandal
The Lithuanian state could be paying up to double average market prices for food it procures under a programme to support those living in poverty, according to an investigation by 15min.lt. […]
CORPORATE