Economy
Lithuania’s transport sector copes with Russia’s sanctions
The Ministry of Transport and Communications estimates that in 2014 Lithuania’s transport sector accounted for 13.1 percent of the country’s gross domestic product (GDP). […]
Articles by Lithuania Tribune
Foreign affairs
Lithuanian PM meets with ambassador of India
On Monday, incoming Ambassador of the Republic of India to the Republic of Lithuania Ajay Bisaria has met Prime Minister Algirdas Butkevičius at the Office of the Government. The prime minister has congratulated the ambassador on his new term of office in Lithuania, discussed bilateral relations, and stressed Lithuania’s interest in the signing of the Free Trade Agreement between the European Union and India, the prime minister’s press service said. […]
Economy
Smooth euro adoption allows Lithuanian government borrow cheaper
A smooth adoption of the euro in Lithuania enabled the country not only to improve its international credit ratings but also to reduce borrowing costs, government-run euro.lt website reports. […]
Moscow says it is concerned over Finland and Sweden moving closer to NATO
Responding to a joint declaration of the Nordic countries of intentions to step up military cooperation in the face of Russian aggression, Russia‘s Foreign Ministry issued a statement on Sunday, saying that moves by Finland and Sweden towards closer ties with NATO were of “special concern”, Reuters reports. […]
Economy
Lithuania leads Europe in fibre-optic internet penetration
Once again, Lithuania proved that it is a leading country in fibre-optic network penetration. In 2014, the number of internet users in Lithuania increased by almost 3 percentage points and reached 34.6 percent. This is by far the best result among the 39 European countries where the study was conducted, Lithuania’s Ministry of Transport and Communications said. […]
Energy
Lithuanian power connection process gets streamlined
Lesto, Lithuania’s national power distribution company, has streamlined its power connection process for business and private customers. Connection time for new customers will be reduced by 2 days on average thanks to the changes, Invest Lithuania reports. […]
Global LT
Joint Indo-Lithuanian arts exhibition opens in New Delhi
A joint Indo-Lithuanian painting exhibition “Through My Friend’s Eyes” opened at the premises of the Lithuanian Embassy in New Delhi this Friday (April 10). […]
Economy
Lithuania’s central bank suggests tougher guidelines for housing loans
The Bank of Lithuania has presented to market participants its proposals concerning changes to the Responsible Lending Regulations. They would introduce the requirement to responsibly assess customer’s risk due to likely interest rate increases, while the proposed shorter maximum maturity of a housing loan would speed up the repayment of the loan and reduce the possibility of over-indebtedness, the Bank of Lithuania said. […]
Sports
Positive Porsche Carrera GB debut for Ignas Gelzinis
Ignas Gelzinis has admitted he never expected such a positive Porsche Carrera Cup GB championship debut, after he finished seventh out of 28 drivers in the series’ season opener at the Brands Hatch Indy circuit. […]
Estonian Chamber of Commerce in Lithuania holds annual meeting
The Annual General Meeting (AGM) of Members of the Estonian Chamber of Commerce in Lithuania (ECC) took place at the Estonian Embassy in Vilnius on March 30, 2015. Participants of the AGM were welcomed by the Estonian Ambassador Mr. Toomas Kukk. […]
Foreign affairs
Ties with Brazil are gaining momentum, Lithuanian foreign minister says
Minister of Foreign Affairs of Lithuania Linas Linkevičius, who is currently on an official visit to Brazil, met with Minister of External Relations Mauro Vieira and Deputy Minister of Development, Industry and Foreign Trade Ivan Ramalho on Yuesday, the MFA said. […]
Economy
Society
Lithuanian Independence Act signatory Ozolas passes away
Lithuania’s Independence Act signatory Romualdas Ozolas, who served as an MP in 1992-2000, passed away on Monday, the parliament’s Public Relations division said. […]
Economy
Transhipment of Lithuania’s Klaipėdos Nafta grows
During March 2015, Lithuania’s Klaipėdos Nafta reloaded 354,000 tons of petroleum products into its storage tanks of oil terminal and Subačius fuel base (SFB), i.e., by 15.5 percent more compared to March 2014, when 306,000 tons were reloaded. […]
Society
KTU M-Lab: interaction between science, technology and art
To create something that does not exist yet. To foresee future problems and to find solutions to them today. This ambitious goal is a main motivator behind the concept of unique in Europe media lab which is being developed by Kaunas University of Technology (KTU) together with partners. KTU’s M-Lab will focus on research on human and nature interactions. […]
Foreign affairs
Lithuania appoints ambassador to Bosnia and Herzegovina, Serbia, Montenegro
Lithuanian Ambassador to Hungary, Rasa Kairienė, has been appointed as Ambassador to three Balkan countries: Serbia, Montenegro and Bosnia and Herzegovina. […]
Foreign affairs
Lithuanian foreign minister to pay formal visit to Brazil
Lithuanian Minister of Foreign Affairs, Linas Linkevičius, will leave for a formal visit to Brazil on Monday, 6 April. […]
Foreign affairs
Lithuanian foreign minister expresses condolences over death of former British ambassador Michael Peart
“I am deeply saddened by the news of Michael Peart passing. He was a true friend of Lithuania and the first Ambassador of the United Kingdom to Lithuania. We shall always remember Michael with great respect, with gratitude. He will remain in our hearts forever as a true friend of Lithuania,” reads the letter of condolences sent by Linas Linkevičius to the wife and son of the deceased on 3 April, the MFA reports. […]
Defence
US presence in Lithuania is a message that we are not alone, defence minister says
On April 2 Lithuanian Minister of National Defence Juozas Olekas met with a delegation of US congressmen led by US Congressman and Chairman of the House Armed Services Committee Mac Thornberry, conducting visit in Lithuania, the Ministry reports. […]