Air Lituanica
Economy

Auditors slam municipal company for loaning money to Air Lituanica

Auditors have slammed Vilnius municipal heating company, Vilniaus Šilumos Tinklai (VŠT, Vilnius Heating Grid), for extending multi-million-euro loans to Air Lituanica, a municipal airline that went under last year. […]

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CORPORATE

Construction industry cashflow depressed by public contracts drought

Lithuanian construction industry revenue contracted 3.5% last year, to total €2.5 billion, Verslo Žinios reports. The contraction is largely down to fewer large-scale public contracts, which is why construction companies focusing on government projects took […]

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CORPORATE

Record number of appeals to Lithuanian equal opportunities ombudsman

Lithuania’s equal opportunities ombudsman received a record number of complaints in 2015. Since the establishment of the office in 2015 the Equal Opportunities Ombudsman received 265 complaints and 165 inquiries. 65 complaints were investigated and […]

Jonas Valančiūnas
Global LT

Valanciunas double-double secures Raptors No.2 seed for play-offs

Lithuanian NBA star Jonas Valanciunas’ 17 points and 11 rebounds against Philadelphia saw the Toronto Raptors lock in their No. 2 seeding in the Eastern Conference and set up a match-up with the seventh-seeded Pacers in the play-offs. […]