CORPORATE
Month: March 2016
CORPORATE
Lithuanian corporate profits come close to record highs but labour costs pose threat
Last year Lithuanian corporate profits almost hit the record levels of 2007 with pre-tax profits reaching €4.2 billion or 40% more than in 2014. […]
Society
CORPORATE
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Defence
Volunteers fill up half of 2016 military draft
Almost half the positions of this year’s military draft have already been filled by volunteers, according to Lithuania’s Ministry of National Defence. If volunteers continue signing up at the present rate, there might not be any need to draft young men who have not come forward for the military service themselves, the ministry says. […]
Energy
Competition watchdogs to look into power reserve deal
The Competition Council has decided to open an investigation and see whether the Lithuanian government‘s decision to single out the Elektrėnai-based Lithuanian Power Plant as the primary supplier of reserve power capacity did not violate competition rules. […]
Politics
Ethics commission to look into environment minister’s case
The Chief Official Ethics Commission (VTEK) is looking into investigation evidence, handed to it by prosecutors, to see whether Environment Minister Kęstutis Trečiokas deserve to be sanctioned by ethics watchdogs. […]
Foreign affairs
LT formin urges wait-and-see approach to Russian withdrawal from Syria
Russian statements about maneuvers in Syria should be viewed with caution, says Lithuanian Foreign Minister Linas Linkevičius, adding that countries should wait for actions to prove them. […]
CORPORATE
Are Lithuanian businesses losing out in Rail Baltica project?
The strategically important Rail Baltica railway project designed to connect the Baltic States to Western Europe, from Tallinn to Warsaw, is slipping from Lithuania’s hands the country’s opposition parties claim. […]
Defence
Economy
New research centres will make Lithuania “innovative” – President, PM
Two new research centres – the Joint Centre for Life Sciences and National Centre of Physical and Technological Sciences – just opened in the Sunrise Valley in Vilnius will allow Lithuania to become an innovative country, President Dalia Grybauskaitė and Prime Minister Algirdas Butkevičius have said. […]
Economy
Foreign affairs
What does Russian withdrawal from Syria mean for Baltics and Lithuania?
Russia’s decision to withdraw the majority of its forces from Syria, announced on Monday by Vladimir Putin, has analysts questioning what the rationale behind the move was. Was this practice for Putin before another attack in Ukraine or the Baltic states, or was it an even more crushing defeat than what the Soviet Union experienced in Afghanistan? […]
Culture
Economy
European Union
Brexit would weaken NATO in facing up to Russia in Europe, says top US general
The head of the US army in Europe has told the BBC that Britain exiting from the European Union could lead to an unravelling of the EU, weakening NATO at a time when it need to face up to Russia. […]
Economy
Ryanair to invest €180 million in Vilnius airport expansion
Low cost airline Ryanair is to invest €180 million in a new base at Vilnius airport and expand the number of destinations it offers from the airport. […]
Society
Foreign adoptions of Lithuanian children almost as frequent as local adoptions
Lithuanian citizens adopted 99 children last year and foreigners adopted 62, figures from the State Child Rights Protection and Adoption Service show. […]
Defence
Lithuania’s defence spending nearing 2% of GDP – PM
Lithuania is rapidly approaching its commitment to spend 2 percent of its GDP on defence, said Prime Minister Algirdas Butkevičius. […]