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. […]

Gabrielius Landsbergis ir Algirdas Butkevičius
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. […]

Algirdas Butkevičius, Gediminas Kirkilas, Juozas Olekas
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. […]

Lithuania's ambassador to the Nazi Germany Kazys Škirpa signs the act of the Klaipėda region hand over to the Nazi Germany. Seated Lithuania's ForMin J. Urbšys and his German counterpart  J. von Ribentrop.  1939 March 23 d.
Society

Vilnius to hold discussion on Kazys Škirpa

The Vilnius Town Hall is hosting on Tuesday evening a discussion on whether or not to rename a street named after Kazys Škirpa, which is located in the heart of the capital. […]

Stasys Jakeliūnas
CORPORATE

Jakeliūnas on the letter which decided his post

Prior to the Seimas elections Stasys Jakeliūnas was viewed as the most likely candidate for the post of Minister of Finance. Surprisingly, however, he replaced the already confirmed Seimas Budget and Finance Committee chairman, while the PM chose Vilius Šapoka as a candidate for the post of Minister of Finance. According to Jakeliūnas this occured due to his stance on pension funds and pressure on financial institutions. […]

Opening of the Vilnius Tech Park
Economy

Biggest tech startup hub in Baltics and Nordics opens in Vilnius

Vilnius Tech Park, the region’s biggest hub for tech startups, opened for business today. Boasting more than 9,000 square meters of prime office space in renovated 19th century buildings, all set in the historic parkland of Sapiegos stately home, Vilnius Tech Park is now one of the most stylish working environments on offer in the Baltic States. […]

Donald Trump the USA President elect
Society

Trump won the election, a Lithuanian won 9,000 EUR

While the world expresses surprise that Donald Trump has won the United States presidential election, one Lithuanian citizen from Southwest Lithuania rejoices having won 9,000 Euros. A year ago the man bet 1,000 Euros and believed that Clinton was going to lose and no one else but Trump will win the election. At that time betting offers at the betting company “TOP sport on the 45th US president’s victory ratio was of one to nine. […]

Kęstas Komskis
Politics

Komskis loses his MP mandate amid vote-buying suspicions

Lithuania’s Central Electoral Commission has cancelled the registration of Kęstas Komskis of the Order and Justice Party for parliamentary elections amid vote-buying suspicions, causing him to lose the MP mandate he won in the elections earlier this month. […]