Economy
Articles by Lithuania Tribune
Energy
Electricity price drops by 13% due to NordBalt and LitPol Link
In 2016, the average price for electricity in the Lithuanian bidding area of Nord Pool was the lowest in the history of the exchange: EUR 36.5 per megawatt hour (MWh). The price was 13% lower compared to 2015 and 25% lower than in 2014 and 2013, LitGrid AB informed in its press release today. […]
Society
IOM Vilnius and Santa visited Rukla refugee reception centre
200 asylum applicants have been relocated and resettled to Lithuania from Greece and Turkey in 2016. Since it is their first Christmas in Lithuania, International Organization for Migration (IOM) in Vilnius together with Rukla refugee reception centre organized an initiative to share the Christmas spirit with them, IOM announced in a press release. […]
Defence
Attempts to track unsafe Internet devices soar in Lithuania in 2016
The number of attempts to f ind devices with unsafe Internet access with the aim of using them for cyber attacks has risen by a factor of five in Lithuania in 2016. […]
Energy
LNG competence centre to open its doors in Klaipėda
Opening of the liquefied natural gas (LNG) competence centre in the seaport is a significant event for the Lithuanian LNG cluster members in the outgoing year 2016. A modern training infrastructure, which was marshalled in business incubator of Klaipėda University (KU), will serve the LNG terminal engineering students, as well as the specialists from Lithuania and abroad working in that field, the Klaipėda University stated in a press release. […]
Freetime
Merry Christmas from the Lithuania Tribune
The Lithuania Tribune team would like to wish all our readers a Merry Christmas and a Happy New Year. […]
CORPORATE
Minister of Energy: paradox but occupation isn’t over in energy industry
The new Minister of Energy Žygimantas Vaičiūnas does not deny the possibility that in negotiations to disconnect from the so-called BRELL ring there could be tensions, but states that Russia understands the goals of Lithuania and other Baltic States perfectly well. […]
Economy
CORPORATE
Skvernelis: normal work will begin once the state budget is approved
Voting regarding the VAT exemption for heating costs did not demonstrate unity between Prime Minister Saulius SKvernelis and colleagues from the party which delegated him. The PM himself says that this happened only because party […]
Politics
Peasants aim to move Seimas elections to Spring
The current legislative term in Lithuania will be half a year shorter than usual as the next parliamentary elections are likely to be held in the spring of 2020, the chairman of the ruling Lithuanian Peasant and Green Union (LPGU) said on Tuesday. […]
CORPORATE
Bank of Lithuania forecast – how will we live next year?
Employers are struggling for employees still remaining in Lithuania and are raising wages at the fastest rate in the European Union, but emigration is hurting long term economic growth. […]
CORPORATE
MEP Auštrevičius – The EU and NATO: Finally on the same path
It is understandable why at the end of this year political analysts raise questions from evermore acute angles. Edward Lucas for one has expressed fears as to whether NATO will withstand Donald Trump’s administration or if the European Union can still be saved. […]
Economy
Half-hearted reforms won’t raise competitiveness of the Baltic Region – Swedbank
Russia has exited recession and now all the Baltic Sea region (BSR) economies are expanding, but growth is expected to be modest. The global rise of populism and anti-establishment moods, although promising fiscal expansion that may boost short-term growth, builds up risks of protectionism with a negative impact on long-term growth, Swedbank writes in its annual Baltic Sea Region Report. […]
ForMin contests Russian argumentation over Georgian officer busted in Vilnius
Lithuania’s Foreign Ministry has provided info to the country’s law-enforcement, contesting the Russian argumentation over the detention of Zurab Maisuradze, a former head of Georgia‘s anti-terrorism center, in Vilnius. […]
CORPORATE
Social Democrats and Conservatives – a quest for identity
The two largest and up to then most significant parties in Lithuania, the Social Democrats and the Conservatives, not only did not win the elections, albeit losing very differently, but are also standing at a sort of crossroads. Plagued by internal dissent they are seeking their future, striving to free themselves of a crisis of identity and to define their values. Meanwhile political scientists believe that average voters care little who rules – the left or the right, what matters is who resolves their problems. […]
Opinion
Ten surprises promised by the Skvernelis’ government
The new Saulius Skvernelis government presented their official plan for the coming four years. The government programme is comprised of 132 pages which narrate the main Peasant and Greens – Social Democrat coalition tasks. News […]
Politics
Socdems to discuss new justmin candidate Friday
The board of the Lithuanian Social Democratic Party (LSDP) plan to discuss on Friday candidates for the post of justice minister in the new coalition government. […]
Society
Economy
GDP growth slows in Q3 due to shrinking investments
Annual Lithuania’s GDP growth decelerated to 1.7% in the third quarter of this year. Seasonally and working day adjusted quarterly growth decelerated from 0.4% in the second quarter to 0.1% in the third quarter. Household demand remained the main driver of growth, while shrinking investments was the largest drag on growth, Swedbank announced. […]
CORPORATE
After heated meeting – demarche from Christian wing of the Conservatives
The Homeland Union – Lithuanian Christian Democrat Party union Lithuanian Christian Democrats published a declaration regarding the situation in the party on 29 November. […]