Members of the Organization for Economic Cooperation and Development
Foreign affairs

Lithuania may be invited to OECD in May – formin

Lithuania’ expects to be invited to join the Organization for Economic Cooperation and Development (OECD) by this summer, says Foreign Minister Linas Linkevičius. […]

Darius Janulevičius
Energy

Ignalina N-plant chief stepping down

Darius Janulevičius is stepping down from the leading post of the Lithuanian Ignalina Nuclear Power Plant amid allegations of lack of transparency in the sales of the company’s properties. […]

Vilnius University
History

Studies by GDL Vilnius residents in Europe

Studies abroad reflect the direction of a country’s integration into educational and cultural spheres as well as its degree. The scope of university studies that had grown in Europe in the 17th-18th century was tied to the processes of professionalization and rationalisation, which accompanied the strengthening of the role and bureaucratization of the state. In the Commonwealth, these trends expressed themselves somewhat less which is why the need for experts with a university education was small. […]

Algimantas Urmonas
Society

Commission chair urges formal end to lustration process in Lithuania – daily

Lithuania should formally close a lustration process that was started more than a quarter of a century ago, says Algimantas Urmonas, professor at Mykolas Romeris University who has chaired the country’s Lustration Commission for ten years. […]

Banksy painting Brexit
CORPORATE

Lithuania – new destination for UK financial institutions loosing “passporting rights” after BREXIT

As it is almost clear that that UK banks, investment managers, payment service providers and other financial institutions will lose their “passporting rights” to do business in the European Union, Lithuania competes in attracting international financial companies leaving the UK. The Northern country uses the opportunity to become the forefront of financial technologies in the region and there are many reasons to believe about this success. An attractive legal and technological environment, business minded and advanced supervisory authority open to financial market innovations, qualified and competitive workforce, opportunities to operate across the EU basing from Lithuania – that‘s what put Lithuania to one of the best places on the global FinTech map already now. […]

No Picture
Economy

Introduction of cap on cash payments in Lithuania postponed – daily

With discussions on imposing a cap on cash payments in Lithuania going on for years, politicians now say that a law setting the limit at 3,000 euros may be passed this year and come into effect next year, the business daily Verslo Žinios reported on Tuesday. […]