Defence

Lithuania’s governing coalition backs 400m litas defence budget increase

National defence funding will be increased by 400 million litas (over EUR 115 million) next year, Lithuanian Prime Minister Algirdas Butkevičius said on Friday after the ruling coalition’s Friday discussion of the 2015 national budget. […]

Raimundas Karoblis
European Union

EU agreed on postponement of Ukraine pact with safeguards against future Russian pressure

Ambassadors of European Union (EU) member-states on Thursday finalized positions on postponement of the free trade agreement with Ukraine. The document incorporates safeguards, suggested by Lithuania, intended to curb Russia‘s future pressure, Lithuania’s ambassador says. […]

Politics

Masiulis sworn in as Lithuania’s energy minister

Rokas Masiulis, until recently CEO of Klaipėdos Nafta (Klaipėda Oil), the developer of Lithuania’s liquefied natural gas (LNG) terminal project, on Thursday took office as the country’s new energy minister after a swearing-in ceremony at the Seimas. […]

Mario Draghi
Economy

ECB’s Draghi: Euro zone to help Lithuania ward off risks from Russia

The European Union (EU) and the euro area may help Lithuania shield itself from Russia’s economic sanctions or outweigh those measures, president of the European Central Bank (ECB) believes. […]