Economy
Month: March 2016
Economy
Lithuania’s expenditure on social protection second lowest in EU – Eurostat
Spending on social protection by the Lithuanian government was among the lowest in the European Union in 2014, according to new data from Eurostat. […]
Economy
Swedbank gets go ahead to take over Danske retail business in Lithuania
Swedbank has been given the go-ahead by Lithuania’s Competition Council to take over the retail banking business of Danske Bank in Lithuania. […]
Economy
Foreign affairs
Belgium mourns victims as manhunt for suspects continues
A prime suspect in the bombing of Brussels airport yesterday has been arrested by Belgian police in the city’s Anderlecht district, Belgian media are reporting. […]
Politics
Lithuanian Seimas to consider online voting
A bill on online voting is being presented to the Lithuanian parliament on Tuesday. The piece of legislation, drafted by the Ministry of Justice, lays out the basics of online voting without actually introducing the measure yet. […]
Uncategorized
Savchenko trial ‘nothing but farce’, says Lithuanian president’s adviser
The trial of Ukrainian pilot Nadiya Savchenko in Russia is “nothing but farce”, says the Lithuanian president’s advisor. […]
CORPORATE
Society
Lithuanians – some of the world‘s fairest people, scientists say
Lithuanians are some of the fairest people in the world, researchers at the University of Nottingham in the United Kingdom found. […]
CORPORATE
Global Finance names Šiaulių bank best bank in Lithuania
Šiaulių bankas was rated as the best bank in Lithuania in 2015 by the international business and financial magazine Global Finance which has been listing the best banks of the Central and Eastern European growing markets for 23 years. […]
CORPORATE
No law on euthanasia during this parliament‘s term
A new law on euthanasia will not be discussed in the term of office of this parliament after once again Social Democrat Marija Aušrinė Pavilionienė‘s bill was removed from the agenda of the session. […]
CORPORATE
Labour Party proposal to fix milk prices draws criticism, including from dairy producers
Lithuania’s Labour Party, whose delegate, Virginija Baltraitienė, is currently serving as the Minister of Agriculture, has proposed a controversial law to protect dairy producers that has critics, even those in the dairy industry, scratching their heads. […]
Society
British expat peels layers of Litvak history in Kaunas
People like anniversaries, and 75 years since the establishment of Kaunas Ghetto is a good opportunity to remember the history of Lithuania’s Litvaks, says a British expat offering an original way of doing it. […]
Economy
CORPORATE
Klaipėda LNG terminal praised by EU for increasing competition
Klaipėda LNG terminal has been picked out as an example of how to ensure energy security and competition by the European Commission in the EU’s liquefied natural gas and gas storage strategy. […]
CORPORATE
Lithuania’s economic growth projections revised down for 2016 – Finance Ministry
Lithuania’s Ministry of Finance has significantly revised down its forecasts for GDP growth in 2016 to 2.5% for the year, down from the 3.2% growth predicted last year. […]
CORPORATE
Lithuania ‘could collect more VAT by cutting rates’
The Lithuanian government could collect more revenue from the value-added tax (VAT) by lowering the rate and thus cutting the black market, according to a SEB Bank economist. […]
Foreign affairs
Poland agrees on import ban on electricity from ‘unsafe power plants’, says Lithuanian energy minister
Poland agrees with Lithuania’s and other Baltic states that electricity from unsafe power plants should not be imported, said Lithuanian Minister of Energy Rokas Masiulis. […]
CORPORATE
What are the key risks facing the Lithuanian economy?
Gitanas Nausėda, Žygimantas Mauricas and Nerijus Mačiulis, all economists at leading commercial banks in Lithuania, are optimistic about Lithuania’s economy in the coming year but they highlighted some of the greatest economic risks Lithuania faces in the coming year – most of them international rather than domestic. […]
Foreign affairs
Russian investigation of January 1991 events in Vilnius a ‘propaganda stunt’, Linkevičius says
Russia has announced it will conduct its own investigation into the attempted coup of January 13, 1991, when Soviet armed forces organized an assault against peaceful protesters in Vilnius. The move is not conductive to effective cooperation and will be used as a propaganda tool, the Lithuanian government believes. […]