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CORPORATE

Lithuanian investors plan to pump record amount into gold in March

Lithuanian investors plan to direct large parts of their investment portfolio into gold – as much as 40% on average with huge volatility still afflicting world stock markets. […]

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CORPORATE

Lithuania to take part in Gazprom’s gas auction

Lithuania’s state-owned energy holding Lietuvos Energija is planning to take part in a natural gas auction recently announced by Russia’s Gazprom, if the price is right. […]

Audrius Jurgelevičius, leader of the teachers' trade union
Politics

Teachers’ strike to end Friday, say union leaders

The teachers’ trade unions involved in the nearly two-week-long strike for higher wages in Lithuania have announced that they are prepared to call off their strike as early as Friday. Audrius Jurgelevičius, the leader of the Lithuanian Education Trade Union, told LRT that he believes that the trade unions have achieved 75 percent of their goals after the government managed to find an additional €8 million to increase educational staff’s wages. […]

Algirdas Butkevičius
CORPORATE

The Prime Minister who cried “Russia”

Prime Minister Algirdas Butkevičius claims that the teachers’ trade unions on strike in Lithuania could have been influenced or inspired by Russia has attracted considerable attention. When describing how some members of the teachers’ trade unions attended certain conferences in Russia, the prime minister rhetorically asked, “Who can deny that, after that, some of their suggestions and desires are implemented here in Lithuania?” […]

CORPORATE

Who’ll win the Seimas elections?

Most observers reckon that, after the Seimas elections, the nucleus of the ruling coalition will be made up of Social Democrats and Liberals, with Ramūnas Karbauskas’s Peasant and Green party and other independent parties contributing to the coalition as well. […]

Society

Government pledges €2m for teachers’ salaries instead of €7m

A meeting of Lithuanian Prime Minister Algirdas Butkevičius and Minister of Education Audronė Pitrėnienė on Wednesday morning did not produce an agreement to set aside additional €7 million for teachers‘ salaries. Instead, the government has pledged to find €2 million to meet striking teachers’ demands. […]