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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. […]

AGM of the Estonian Chamber of Commerce in Lithuania

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. […]

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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. […]

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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. […]

Foreign affairs

UK’s first ambassador to Lithuania passes away

British diplomat Michael Peart, the UK’s first ambassador to Lithuania, has passed away, the Lithuanian Embassy in London announced on Thursday. […]

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Defence

Portuguese scouts in Lithuania for combined training

On 31 March, soldiers of the Portuguese Armed Forces arrived in Lithuania for combined training as part of NATO reassurance measures in the Baltic region, Lithuania’s Ministry of National Defence reports. […]