Economy
Year: 2016
CORPORATE
Lithuania needs immigrants to be competitive economy, says EU ambassador
Lithuania needs to compete for and attract well-educated immigrants to be competitive as an economy on the international stage – thoughts of avoiding immigration are fantastical in the 21st Century, according to the EU ambassador […]
CORPORATE
Bank of Lithuania appoints administrator to credit union
Having identified that the Vilniaus Kreditas credit union did not maintain sufficient capital or a limit for the largest sum of loans to a single debtor, the board of the Bank of Lithuania has selected […]
CORPORATE
The paradox of Lithuania’s offshore companies
A bank account with €2,500 in it, a couple of weeks (or even days), some straightforward paperwork and there it is – a brand new company. […]
Politics
MG Baltic vice-president put under house arrest, posts €25,000 bail
The vice-president of MG Baltic, Raimondas Kurlianskis, who is at the centre of a political corruption investigation, has been put under house after being released from police custody yesterday. […]
Politics
Lithuanian president urges voters to vote despite corruption scandals
Amid an investigation into political corruption suspicions, Lithuanian President Dalia Grybauskaitė is calling on voters not to boycott next October’s general elections. […]
Global LT
Foreign affairs
Twiplomacy: Lithuanian formin’s Twitter among best-connected in the world
The Lithuanian Ministry of Foreign Affairs‘ Twitter feed remains among the top six diplomatic accounts that have the most mutual connections on the social network, according to the annual Twiplomacy survey published on Wednesday. […]
Society
Culture
World-famous Litvak sculptor’s work to go on show in Lithuania
An exhibition called A Life in Sculpture by famous Lithuanian-born sculptor Jacques Lipchitz will be opened in Lithuania. […]
Freetime
Warm weather leads to high risk of forest fires in Lithuania
People in Lithuania looking to spend some time out in nature should be advised that, given the recent spate of warm weather, lighting fires can be dangerous. […]
Politics
MP says Liberal bribery investigation has echoes of 2004 probe that was dropped
Deputy Seimas Speaker Gediminas Kirkilas, a social democrat, says the current bribery investigations involving former Liberal leader Eligijus Masiulis and Labour Party MP Vytautas Gapšys reminds him of a similar case 12 years ago. […]
Economy
Economy
EU fines on Lithuania not unexpected – minister
The European Commission has warned Lithuania about sanctions over two issues: the market domination of its state-owned railway company and restrictions on selling land to foreigners. Minister of Transport Rimantas Sinkevičius says the sanctions are not unexpected. […]
Economy
Sports
Investigation of FIBA’s attack on Eurocup requested by Lithuanian MEP
European Parliament member and former president of Lithuania’s A and B basketball leagues Bronis Ropė has appealed to the European Commission regarding potentially unfair commercial practices by the international basketball federation (FIBA). […]
CORPORATE
Heating company sues Vilnius authorities over €5.6m debt
Vilniaus Energija is suing the Municipality of Vilnius over a €5.6-million debt that the city owes for heating. Vilniaus Energija says in a statement that the Municipality has shown no willingness to cover the debt. […]
Society
Basic instinct – How to avoid a collision with a Lithuanian moose in season
Lithuanian’s wildlife is now at the peak of its birthing season so drivers need to be particularly attentive while driving in the early morning and at night, the key times when animals are the most likely to jump onto the road and cause a collision with a vehicle. […]
CORPORATE
Will bursting of real estate bubble in Sweden send ripples across Baltics?
With glaring signs of overheating in Sweden‘s real estate market, Lithuanian experts offer contrasting opinions about whether a bust in Sweden would send ripples across the Baltic Sea. Lithuania’s banking sector is dominated by Scandinavian […]
CORPORATE
Use of electronic signatures breaks 100k barrier in Lithuania
The use of mobile electronic signatures is gaining popularity in Lithuania with over 110,000 people using the service in Lithuania at the end of 2015. The number of certificates issued for SIM cards also surpassed […]