Economy
Articles by LT Daily
European Union
‘Domino effect’ of border closures is threat to EU free movement, Foreign Minister says
Decisions to introduce border controls by Schengen Area countries have set off a “domino effect” that could threaten the entire free movement principle of the European Union, Lithuanian Foreign Minister Linas Linkevičius said. […]
European Union
Divisions emerging on keeping EU sanctions on Russia, says Lithuanian minister
Although the European Union recently agreed to extend sanctions on Russian companies until July of this year, divisions among EU members states are beginning to emerge, Lithuanian Foreign Minister Linas Linkevičius said. […]
Society
Beautiful but deadly cold snap grips Lithuania and neighbours
A cold snap has gripped Lithuania and its neighbouring countries, with temperatures reaching -22 C or even lower in Lithuania. Meteorologists predict an especially cold day on Thursday, with skin temperatures reaching -30 C. […]
Foreign affairs
Commissioner slams Lithuanian politicians for confrontational tone that damages Lithuania’s EU standing
Lithuania’s foreign policy-makers are “shooting themselves in the foot” with their confrontational tone and criticism of anything the European Union does to engage Russia, said Lithuanian European Commissioner Vytenis Andriukaitis. […]
Economy
Tax and legal changes to drive growth in 2016
With the new year will come new changes to Lithuania’s tax codes and other laws that will change residents’ everyday lives and hopefully propel the country towards continued growth. […]
Defence
Lithuanian armed forces transfers 500 automatic weapons to Riflemen‘s Union
The Lithuanian army is to transfer 500 AK-4s, the weapons currently used by Lithuanian soldiers, to the Lithuanian Riflemen‘s Union, a non-profit organisation supported by the State. […]
Economy
Sports
Benediktas Vanagas crashes into a cow in Dakar Rally
After a first stage of the Dakar rally was cancelled because of heavy rain, 300 vehicles started the second stage but it did not take long for many to get in trouble, among them, Benediktas Vanagas. Vanagas has crashed into a cow which suddenly appeared in his path and had to finish the stage without his front window. […]
Politics
Prime minister orders investigation into tragedy in Kėdainiai district
Prime Minister Algirdas Butkevičius ordered the Ministry of Social Security and Labour to carry out an investigation whether there was a proper control over the actions regarding families at risk, what measures have been taken to put an end to domestic violence, after the tragic events in Saviečiai village in Kėdainiai district. […]
Politics
Parties allowed to spend up to €2.2m on election campaigns
Political parties will be allowed to spend €2.2 million on their campaigns in this year’s general elections, the Central Electoral Commission said on Monday. […]
Economy
Will Lithuanian startup Yplan become first billion dollar company?
Lithuanian start-up YPlan, an event discovery and booking app created by two Lithuanians in London, has gained recognition from one of the most influential technology blogs in the world – VentureBeat. The portal added the Lithuanian project to a list of 15 startups worth following. […]
Politics
President speaks out about collective responsibility after Saviečiai tragedy
President Dalia Grybauskaitė said not only the state but society as well had to take care of children growing up in dysfunctional families after the tragic events in Saviečiai village in Kėdainiai district when a 36-year-old father killed his two children by throwing them into a well. […]
Society
Economy
Top ten best paid jobs in Lithuania in 2016
IT specialists will continue to be best-paid professionals in Lithuania’s labour market in 2016. Such is the demand for their skills that they are often able to demand salaries comparable to those in Western Europe – and employers comply. […]
Society
Jewish heritage enjoyed more government protection in 2015, says community leader
Over the last year, the Lithuanian government began focusing more on preserving Jewish heritage and grave sites, according to Faina Kukliansky, the chair of the Jewish Community of Lithuania. […]
Economy
Court orders freezing of dairy tycoon assets over row with Swedish investment fund
A court has ordered the freezing of the assets of businessman Antanas Trumpa, the biggest shareholder in the dairy company Rokiškio Sūris, pending a lawsuit by East Capital. Trumpa says that the claim against him by the Swedish investment fund is “blackmail”. […]
Politics
Corruption investigation will not affect government functioning, PM says
Corruption allegations made against the Order and Justice party, one of the governing coalition partners, does not threaten the government, Prime Minister Algirdas Butkevičius says. The party’s future in the coalition will be considered only after a legal verdict is passed. […]
Energy
Lithuania hopes for cheaper gas deal with Statoil, PM says
Prime Minister Algirdas Butkevičius expects that Norway‘s gas company Statoil will lower the price Lithuania is paying for liquefied natural gas (LNG). After Litgas, Lithuania’s state-owned gas company, concludes negotiations with Statoil, consumers can expect price drops, he said on Monday. […]
Foreign affairs
Lithuania starts work at UNESCO Executive Board
Lithuania is starting work at the United Nations Educational, Scientific and Cultural Organization (UNESCO) Executive Board. […]