Minister of Economy Evaldas Gustas
Economy

Startup investment fund planned by Ministry of Economy

The Ministry of Economy is planning a potential investment fund that would provide seed capital and co-investments to newly formed small and micro businesses, or startups. The measure being considered to form the fund would also help develop the alternative First North market, a stock exchange geared towards smaller companies in the Nordic region, by preparing those companies to enter the regulated securities market. […]

Algirdas Butkevičius
Politics

Butkevičius needs to ‘rethink position on emigration’, say experts

Demographic experts attacked Prime Minister Algirdas Butkevičius for saying that increased emigration from Lithuania was down to military conscription, pointing instead to low wages and long term emigration trends as the key reasons behind the increase. […]

Kids playing football
Society

Physical education tests for children may return

If the Ministry of Health has its way, Lithuanian schoolchildren in grades 5-12 will once again hold physical education tests that would evaluate their balance, flexibility, endurance, cardiac health and general physical health. Representatives at the ministry believe that this would help the ministry focus more on physical education, as the ministry currently does not have a centralized database on children’s physical health and activity in Lithuania. […]

Lithuanian runners in Portland, Oregon
Society

Lithuanians around the world run ‘path of life and death’ to commemorate January 13th

Every January, Lithuanians participate in an annual winter run called “Gyvybės ir Mirties Keliu“ (The Path of Life and Death) to commemorate the people that died in Lithuania during the events of 13 January, 1991. This tradition has spread throughout the Lithuanian diaspora, and even the Lithuanian community in the states of Washington and Oregon ran in Portland to commemorate this important day. […]

Seimas Speaker Loreta Graužinienė
Politics

Labour party will not ask Seimas speaker Loreta Graužinienė to step down despite widespread disapproval

With less than a year left until the Seimas (parliament) elections, the Labour Party is not planning to ask Loreta Graužinienė to leave the Seimas speaker‘s position. However, not only the opposition, but some MPs from the ruling coalition are dissatisfied with the politician. […]

Lithuanian Riflemen's Unions
Defence

500 automatic rifles for Lithuanian paramilitary volunteers from defence ministry

The Lithuanian Riflemen’s Union (LŠS), a non-profit paramilitary organization whose volunteer members run and participate in various militarised training activities, has been granted 500 automatic weapons in an agreement with the Lithuanian Ministry of National Defence. […]