Economy

Should we really worry that the RE market indicators have reached the pre-crisis levels?

Nobel laureate economist Robert Shiller has coined the term “Narrative economics” – a situation where the market is affected not only by data, but also by mood and opinion. This was the case of the “narrative economics” in the housing market last year: when, in January, as a result of pessimistic forecasts, the market has decelerated significantly for a month. Nevertheless, the id recovered after the forecasts did not come true. […]

Saulius Skvernelis
Politics

Skvernelis’ campaign intrigue: three famous women will endorse him

On Wednesday, Prime Minister Saulius Skvernelis, who is running for president, will present his campaign team and its core members. His first three core members are to be famous women, Skirmantas Malinauskas, who is responsible for campaign public relations, mentions. […]

No Picture
Economy

Painful personal losses have not been avoided during two months of the pension reform

After start of the reform of pension accumulation at the beginning of January, a number of employees calculating their personal financial losses and regretting their decision is approaching to 100. According to the Lithuanian Association of Investment and Pension Funds (LIPFA), that number of participants in the 2nd pillar pension funds has tried to refuse returning to Sodra. […]

Vilnius
CORPORATE

Three most sought-after neighbourhoods in Vilnius were compared: which has the most advantages?

The housing supply in Vilnius is currently reaching record numbers, however, based on the latest data, sales are keeping up with such a supply. Real estate (RE) experts are surprised by the activity of buyers over the past months, and state that a similar situation was last observed before the financial crisis. They also distinguish three neighbourhoods which received the most attention from buyers over the past year. […]

Map of the Grand Duchy of Lithuania
History

Cartography of a private domain: the 1645 map of the Duchy of Biržai

European cartography experienced a considerable rise in the 16th and the first half of the 17th century when maps became a practical necessity. Their importance rose in Lithuania too as people required more precise pictures of different localities due to intensifying economic ties with Europe, military conflicts and local land and administrative reforms. This is how the view of southern Lithuania emerged in 1559 according to the description of forests by Grigalius Valavičius. […]

Economy

More women in shipping: the profession faces big changes

A couple of decades ago, to see a woman with a captain’s or technical uniform on a ferry for many people would have been an unusual view. And today we have more and more women at sea and on the shore as staff, captains or electricians. In support of International Women’s Day, leading ferry operator DFDS is celebrating the female members of its dedicated workforce. In an industry that historically employs more males than females, these women are proving that when it comes to a successful career in the maritime industry, gender simply doesn’t come into it. […]

Flag of Hungary
CORPORATE

Hungarian lessons for Lithuania and Europe

There is a good old English term illiberal democracy that does not have a precise translation into Lithuanian. It defines the regimes that come to power through democratic means, but their representatives apparently aim at the never-ending reign trampling on the fundamental European values of democracy, freedom of speech, and the rule of law. Let us call them anti-democrats, and let me share some insights about them. […]

Tomas Vytautas Raskevičius
Society

Lithuanian capital elects first openly gay politician to city council

Last weekend, the Lithuanian capital city of Vilnius elected the first openly gay politician to its city council. Human rights activist Tomas Vytautas Raskevičius has become the first proudly open gay person to be elected to the political office in Lithuania. The candidate was running on the list of the current liberal mayor Remigijus Šimašius, who has made headlines by stating that “Vilnius is LGBT-friendly city.” […]

No Picture
Economy

Snoras bankruptcy administrator claims first victory in 11-million-euro legal battle with Meinl Bank

Early this year the Vienna International Arbitral Centre adopted a decision by which a claim by the Austrian bank Meinl Bank AG against Bankas Snoras was dismissed. It thus recognized that a pledge agreement which Meinl and Snoras made in 2011 is to be deemed null and void under Austrian law. On the basis of that specific agreement, 11 million euros was appropriated from Bankas Snoras in September 2011. […]

Tautvydas Marčiulaitis
CORPORATE

Tautvydas Marčiulaitis: We are living better than ever before

We have just celebrated the 101st birthday of Lithuania and it seems that this occasion is becoming more meaningful and beautiful with every passing year. Streets are filled with smiling people proudly waving the country’s national flag, and the whole atmosphere is more festive. And it is not surprising why – every year we are living better than ever before. […]