Society
Lithuania drops in world rankings for LGBT rights
Lithuania has been ranked 36th out of 49 countries in a LGBT rights rankings of countries compiled by Rainbow Europe. […]
Articles by LT Daily
CORPORATE
What would Lithuania gain from TTIP?
The transatlantic trade and investment partnership contract (TTIP) would open up markets, reduce bureaucracy and costs and increase competition which would bring benefits to the Lithuanian consumers, according to political scientist Ramūnas Vilpišauskas. However, he […]
CORPORATE
Head of Lithuanian central bank says he worked with offshore companies lawfully
Vitas Vasiliauskas, chairman of the board of the Bank of Lithuania, has admitted to representing numerous offshore companies but also said that he did not open any accounts and did not break any laws. Speaking […]
CORPORATE
Brexit’s biggest effect on Baltic States ‘would be political not economic’ – Swedbank
A new analysis by Swedbank of the effects of a Brexit on the Baltic States found that there would be little impact on trade but that the biggest impact would be a more divided Europe […]
CORPORATE
New giant turbine wind farm to supply 12% of Lithuania’s wind power
Estonian renewable energy company Nelja Energia has begun energy production at its 60MW wind farm in Šilutė in the south west of Lithuania, its biggest wind farm in the Baltic States. The wind farm will […]
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Lithuanian national gas trading company nets €4m profits
Lithuania’s national gas trading company Litgas has made a profit of €4.9 million on revenues of €209 million in 2015. The company, which is a subsidiary of state-owned Lietuvos Energija (Lithuanian Energy) started to sell […]
CORPORATE
Blocking Belarusian nuclear plant electricity ‘requires Baltic collaboration’
Lithuania’s Parliamentary Energy Commission met to discuss a study on the technical means to restrict electricity produced at the Astravyets nuclear power plant from entering Lithuania. The authors of the study said all the investigated […]
CORPORATE
Astrvayets nuclear plant will be built despite Lithuania’s protests – expert
Holding rallies against Astravyets Nuclear Power Plant and threatening boycotts on Belarusian electricity is too late, a Lithuanian expert says. The facility just 50 kilometres from Vilnius will be built and Lithuania should focus on […]
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Lithuanian politicians accuse Brussels of ‘Soviet behaviour’ on refugee rules
Lithuanian politicians have criticised the reform of the EU asylum rules proposed by the European Commission last week which would see EU member states fined for refusing to shelter the refugee, accusing the European Commission […]
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Audit to assess whether Lithuania has too many public servants
The National Audit Office is carry out a audit on whether Lithuania has too many civil servants and whether money is being wasted on employing too many public officials. There are 14 government ministries in […]
CORPORATE
Lithuanian salaries to grow strongly this year
The average salary in Lithuania this year will grow by 7% and next year by 6%, according to SEB Bank economist Gitanas Nausėda. The economist said that the wage growth is now especially visible in […]
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Lithuanian government to spend €1m on making homes energy efficient
The Lithuanian government is calling for applications from home owners who want to make their houses energy-efficient. The funding will be available to owners of one or two-household residences. They will be able to use […]
CORPORATE
How big is Lithuania’s black market?
The black market in Lithuania shrank by 1% in 2015 to 25.8% and shrank by 5% over the last decade (from 31.1% in 2005). Currently, Lithuania’s black market is smaller than Estonia’s (at 26.2%). However, […]
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Time to break silence on domestic violence – Swedish Ambassador to Lithuania
It is time to break the silence around domestic violence in Lithuania said the Swedish Ambassador to Lithuania Cecilia Ruthström-Ruin as she launched an exhibition about women stories of domestic violence. “I think it is […]
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Latvia calls on Lithuania to speed up Rail Baltica
Latvia‘s minister of transport has urged Lithuania to pick up pace on implementing the European-gauge Baltic railway project Rail Baltica. Uldis Augulis met with Lithuania’s ambassador in Riga last week, telling him that the project […]
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Will Lithuania’s emigrants ever return?
The Ministry of Foreign Affairs has revealed a survey indicating that 40% of Lithuanian emigrants would like to return to Lithuania. LRT spoke to Swedbank chief economist Dr. Nerijus Mačiulis for his take on these […]
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Lithuanian professor ‘will win the Nobel prize’ for genome editing
Biotechnology Institute Professor Virginijus Šikšnys will become the first Lithuanian to get the Nobel Prize, according to a leading expert in the field. […]
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New real estate trends in Kaunas mirror Vilnius real estate market
Real estate experts claim that more and more people in Kaunas are moving from the suburbs to the city’s centre, a trend that previously had only been seen in Vilnius. In the beginning of the […]
CORPORATE
Is radiation a danger after accident at Belarus nuclear plant?
Lithuanian State Nuclear Power Safety inspectors say that there is no information suggesting that a possible incident at the Astravyets nuclear plant, 50km from Lithuania’s capital, could cause a risk of radiation exposure but Belarusian authorities deny the incident even took place. […]
CORPORATE
Move to simplify residence permit procedures for foreigner start-up founders
Lithuania‘s parliament, the Seimas, accepted a proposal submitted by the government to simplify residence permit issuance procedures for start-up founders and their families on Thursday. The proposal includes the creating by the government of a […]