CORPORATE
Year: 2016
CORPORATE
CORPORATE
Lithuania now biggest EU exporter to Belarus
Lithuania is the fourth biggest direct exporter to the Belarusian market and the leader among EU countries, according to the latest figures. […]
Politics
Former Vilnius mayor suggests joining forces with Liberal Movement
Former Vilnius mayor Artūras Zuokas, leader of the Lithuanian Freedom Union, says his party is planning to approach the Liberal Movement about joining forces in the general elections this October. […]
Politics
Healthcare minister to resign when PM comes back from holidays
Healthcare Minister Rimantė Šalaševičiūtė, who said last Friday she was stepping down over suspected corruption, will submit her letter of resignation after the prime minister comes back from holidays next week. […]
CORPORATE
Liberals need to think differently to make gains from second place
The Liberal Movement are securely the second-most popular party in Lithuania after the Social Democrats, according to opinion polls, but despite their good ratings there are reasons for unease for the party in the run up to this year’s elections. […]
Culture
Bestseller about Lithuanian exiles in Soviet Russia being adapted to film in Lithuania
You are surrounded by a blizzard and a never-ending snowscape as far as the eye can see. All you can hear is your own breath, and all you can feel is biting cold. From far away, a team of huskies pulls a sleigh. This is the first scene from a movie called Ashes in the Snow currently being filmed based on Rūta Šepetys‘ bestseller Between Shades of Gray. […]
Society
Soviet defence minister indicted in January 13 case
Soviet Union‘s Defence Minister Dmitry Yazov has been named in the so-called January 13 case in Lithuania. He is accused of establishing in late 1990 an organized group of 160 army officers and political figures, aimed at re-incorporating Lithuania into the USSR, according to the indictment drafted by Lithuania’s Prosecutor General‘s Office. […]
Sports
Ice skater Tobias to lose Lithuanian citizenship after becoming Israeli national
American ice dancer Isabella Tobias, who was granted Lithuanian citizenship in 2013 to be able to represent the country at the Sochi Olympics, is reported to have adopted Israeli nationality ahead of the European championships. If that proves to be true, she will be stripped of her Lithuanian passport, the Interior Ministry said. […]
Economy
Investigators probe Lithuania’s biggest retail group for alleged illegal activity
Lithuania’s Prosecutor General’s Office and the Financial Crime Investigation Service (FNTT) are conducting a probe into alleged illegal activities by Vilniaus Prekyba, one of Lithuania’s biggest business groups, and its shareholders, including Lithuania’s richest businessman, Nerijus Numavičius. Numavičious assets are worth an estimated €1.3 billion. […]
Politics
Health minister decides to step down amidst pressure from president and PM
Both the Lithuanian president and the prime minister said on Friday that Health Minister Rimantė Šalaševičiūtė of the Social Democrats should step down amid corruption suspicions. The minister said she would hand in a letter of resignation and wait for the prime minister’s decision. […]
CORPORATE
Lithuania retail sales growth slows in December
Lithuania’s retail sales growth slowed for the fourth month in a row in December, according to the latest figures from Statistics Lithuania. […]
Sports
Defence ministry spent €20k sponsoring Vanagas in Dakar Rally
The Ministry of National Defence spent €20,000 supporting Lithuanian racer Benediktas Vanagas‘ participation in the prestigious Dakar Rally. […]
Economy
Prices of both used and new vehicles spike in Lithuania
Over the last year, prices of both new and used cars shot up in Lithuania, sometimes up to 15%, LRT reports. […]
Politics
Healthcare minister under suspicion of demanding bribes from hospitals
Lithuania’s Minister of Healthcare Rimantė Šalaševičiūtė is being investigated for allegedly demanding bribes from hospitals in exchange for EU support, 15min.lt reports. […]
Society
January 13 coup suspects may be tried in absentia, Vilnius court rules
Russian, Belarusian and Ukrainian citizens charged in the January 13, 1991, coup in Lithuania case may stand trial in absentia, a Vilnius court ruled on Friday. […]
Economy
Mergers & acquisitions in Lithuania at slow pace in 2015
Global M&A activity grew to record levels in 2015, fuelled by some mega mergers in the pharmaceutical, energy and consumer industries. Lithuania bucked the trend with less consolidation and acquisitions than in the previous year and stood out as the least active in the corporate bond market. The findings on global and regional performance were presented by several industry experts at an event of the Estonian Chamber of Commerce on Wednesday. […]
Society
Population of Lithuania shrank by 33k last year
Over the last year, Lithuania’s population has shrunk by 33,000 people, Statistics Lithuania says. It is the size of a mid-sized town. […]
Economy
Cheap ruble upped illegal migration to Lithuania
The dropping value of the currencies of Russia and Belarus has forced some migrant workers from these countries to make their way to Lithuania, mostly illegally, the State Border Guard Service says. […]
CORPORATE
Kaunas mayor voted best in Lithuania
Visvaldas Matijošaitis has won Lithuania’s best mayor award. The elections were organised for the eighth consecutive year. The mayor of Klaipėda, Vytautas Grubliauskas came in second place with Vilnius mayor Remigijus Šimašius in third. […]