Economy
Lithuanian railways to borrow €68m from EIB for infrastructure investments
Lithuanian Railways is to borrow €68 million from the European Investment Bank (EIB) to fund a series of infrastructure improvements. […]
Year: 2016
CORPORATE
Banks fail to develop common solution to replace code cards
Commercial banks in Lithuania have still not developed a common alternative for code cards, whose use will be restricted from April. […]
CORPORATE
Falling ruble brings average Russian wages close to minimum in Lithuania
With plummeting oil prices the ruble continues to decline against the euro and other currencies to such an extent that the average Russian wage may soon hit a level equivalent to the Lithuanian minimum wage. […]
CORPORATE
SMEs to get €38m fund for soft loans
A new €38 million fund to provide Lithuanian small and medium-sized businesses with access to soft loans has been announced by the government. […]
CORPORATE
Prime minister demands investigation in food for poor scandal
The Lithuanian state could be paying up to double average market prices for food it procures under a programme to support those living in poverty, according to an investigation by 15min.lt. […]
CORPORATE
CORPORATE
Social Democrat MP shocks Butkevičius by saying Left ‘needs Paleckis’
Social Democrat MP Birutė Vėsaitė has shocked the prime minister and her party colleagues by posting comments on Facebook supporting Algirdas Paleckis and saying that the Left needed him, after he announced he was leaving the Socialist People‘s Front. […]
European Union
EU must tighten migration policies or risk political instability, Lithuanian president says
The European Union must tighten its immigration policies as a massive influx of refugees could otherwise create political instability, Lithuanian President Dalia Grybauskaitė said in an interview to Bloomberg. […]
Society
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Economy
Illegal substandard poultry in Lithuanian supermarkets is old problem, minister says
Illegal poultry imports from Poland is an old problem that has not been dealt with properly, Lithuania’s agriculture minister said after law enforcement and tax authorities busted a network that processed and sold unaccounted and possibly substandard products. […]
Economy
Lithuania gives away €1m to airlines
The Lithuanian government has distributed €1 million among foreign airlines in order to add new routes and make the country more accessible by air. While state subsidies are a common measure of promoting incoming tourism, critics say additional flights will mostly serve Lithuanian migrant workers. […]
Economy
Structural overhaul of tax inspectorate proposed
The Ministry of Finance has proposed an overhaul of Lithuania’s State Tax Inspectorate (VMI), cutting the number of regional divisions in half. […]
CORPORATE
Conservatives’ game of thrones weighing on party’s prospects
With general elections approaching, the conservative Homeland Union – Lithuanian Christian Democrats, one of Lithuania’s major political parties, is facing the prospect of another term in opposition. […]
Society
Protest at Norwegian embassy accuses children’s rights service of stealing children
On Thursday, a protest held in front of the Norwegian embassy in Vilnius drew attention to what participants referred to as the theft of children by Barnevernet, the Norwegian children’s rights service. […]
Politics
Lithuanian MP proposes ban on female genital mutilation
Parliament member Giedrė Purvaneckienė, of the Social Democrats, has drafted a bill which would outlaw female genital mutilation. […]
Energy
Lietuvos Energija acquires two wind farms in Lithuania and Estonia
The state-owned energy group Lietuvos Energija has acquired two wind farms in Lithuania and Estonia, adding 42.3MW to its energy production capacity. […]
Foreign affairs
Russia’s economic hardship is dangerous for Lithuania, Grybauskaitė says
The economic hardship that has afflicted Russia presents dangers for Lithuania too, says President Dalia Grybauskaitė. […]
Foreign affairs
British report linking Putin to poisoning of Litvinenko doesn’t surprise Grybauskaitė
Lithuanian President Dalia Grybauskaitė is not surprised by the findings in the British High Court judge’s report concerning the death of former Russian spy Alexander Litvinenko and says that the document is further proof of how unpredictable Russia and its leader, Vladimir Putin, have become. […]
Politics
Founder and former leader of Socialist People’s Front in Lithuania leaves party
Algirdas Paleckis, the founder and long-time member of the Socialist People’s Front in Lithuania, has cancelled his membership in the organisation and political party he helped create. […]
Uncategorized
Putin ‘probably approved’ murder of ex-spy Litvinenko, says UK inquiry
The murder of ex-Russian spy Alexander Litvinenko in London in 2006 was “probably” approved by Russian President Vladimir Putin, according to the report of a British public inquiry into the death. […]