Articles by Lithuania Tribune

Globalios Lietuvos apdovanojimai 2014
Global LT

Foreign minister: Global Lithuanian Awards express gratitude

December 31, 2014 Lithuania Tribune 0

The ceremony of the Global Lithuanian Awards 2014 took place on 30 December. The Lifetime Achievement Award of Lithuania’s Ministry of Foreign Affairs was given to the American Lithuanian organization Lithuanian Children’s Hope, its long-time head Grazina Liautaud and President of the Los Angeles Lithuanian Children’s Hope department Danguole Navickiene. The award was given for consistent support for Vilnius University Children’s Hospital and for nurturing the philanthropic tradition, Lithuania’s Ministry of Foreign Affairs said. […]

No Picture
Economy

Lithuania completes negotiations on meat export to US

December 30, 2014 Lithuania Tribune 0

Food Safety and Inspection Service (FSIS) of the Department of Agriculture of the USA published an official offer to include Lithuania into the list of countries from which imports of meat and meat products are permitted and submitted this proposal to public discussion, Lithuania’s State Food and Veterinary Service said. […]

No Picture
Economy

Wages in IT determined by productivity, not change of currency

December 30, 2014 Lithuania Tribune 0

The euro which will shortly replace the litas will have a positive effect on the IT services market of Lithuania, however, it will hardly bring any significant changes. Antanas Ursulis, general manager of CSC Baltic which provides IT services, says that the euro will not bring any dramatic changes to working conditions or expectations of employees; nevertheless, the new currency will help Lithuania enhance its image as a reliable and attractive country for investors. […]

No Picture
Economy

Lithuanian business start-ups to expand despite slowing economy

December 26, 2014 Lithuania Tribune 0

With the country’s economy growing slower than expected, most business start-ups in Lithuania are taking advantage of the situation in the domestic market. While the country’s largest companies are estimating the consequences of Russia’s embargo, Lithuanian business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement. […]

Economy

Invest Lithuania awarded for professionalism and success

December 22, 2014 Lithuania Tribune 0

The 16th annual awarding of St. Christopher’s statues took place at Vilnius Town Hall on 18 December. The statutes, which are the highest honour awarded by Vilnius Municipality, were presented to the city’s most deserving people and businesses. At the ceremony, the foreign investment development agency Invest Lithuania was awarded for its professionalism and for attracting foreign investment to Vilnius, the agency said. […]

Danielis Libeskindas
Economy

Libeskind unveils designs for new leisure centre in Vilnius

December 20, 2014 Lithuania Tribune 0

The City of Vilnius, together with private investors and the world renowned architect Daniel Libeskind have revealed the design for Vilnius Beacon at the Liepkalnis Ski Hill. The project is a collaboration between the City of Vilnius and Daniel Libeskind to create a new tourist destination and aid in the transformation of the city as a centre of the Baltic region, the Vilnius City Council said. […]

No Picture
European Union

More than EUR 263m of EU investments approved for Baltic Sea Region’s new 2014-2020 transnational programme

December 19, 2014 Lithuania Tribune 0

The European Commission has on Friday adopted a programme for the 8 EU countries and neighbouring countries in the Baltic Sea Region. Focussing on key issues such as the environmental status of the Baltic Sea or maritime safety and security, the programme is worth more than €263 million from EU investments alone. […]

LitPol Link
Energy

Litgrid borrows EUR 65m from European Investment Bank

December 19, 2014 Lithuania Tribune 0

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power line from Alytus to Kruonis PSHP (Pumped Storage Hydroelectric Plant), Litgrid said in a statement. […]

Algirdas Butkevičius
Foreign affairs

Lithuanian prime minister discusses cooperation with China in Belgrade

December 17, 2014 Lithuania Tribune 0

While on a working visit in Belgrade, Lithuanian Prime Minister Algirdas Butkevičius met with Prime Minister of the People’s Republic of China, Li Keqiang, to discuss possibilities for closer political and economic cooperation, development of relations in transport, agriculture, and education, as well as China + 16 format and its outlook for the future, the prime minister’s press service said. […]