No Picture
Economy

Canada’s Second Cup opens first café in Lithuania

On Monday, Canada-based coffee franchise and retailer Second Cup opened a café in Lithuania’s capital Vilnius, in business centre 3 Burės. EUR 200,000 was invested in the café and more establishments are in the plans. The franchise in Lithuania is headed by Laurence Villamin. […]

NordBalt cable laying ships
Energy

Lithuania’s power interconnections with Poland and Sweden to be launched within year

The construction of high voltage interconnections LitPol Link and NordBalt to connect Lithuania with Poland and Sweden is moving ahead: two thirds of NordBalt and half of LitPol Link works have been completed since last spring. LitPol Link and NordBalt will be put into operation after twelve months, at the end of 2015, Lithuanian electricity transmission system operator Litgrid said in a statement. […]

UN Security Council
Foreign affairs

Lithuania comes to the middle of its term at UN Security Council

Lithuania has reached the half-point in its two-year membership in the United Nations (UN) Security Council. Throughout 2014, the Lithuanian delegation mostly focused on the conflict in Ukraine, the rule of law, protection of civilians in armed conflicts, reinforcement of UN cooperation with the European Union (EU) and proper implementation of the Security Council’s decisions on sanctions, the Foreign Ministry has said. […]

Globalios Lietuvos apdovanojimai 2014
Global LT

Foreign minister: Global Lithuanian Awards express gratitude

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. […]

Politics

Lithuanian parliament adopts 360 laws in autumn session

The Seimas of Lithuania has closed its fifth ordinary autumn session with 45 plenary sittings held from 10 September to 23 December and around 360 laws, 65 resolutions and 5 other legal acts adopted, the press service of the Seimas said. […]

No Picture
Economy

Wages in IT determined by productivity, not change of currency

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. […]

Economy

Swedish shop equipment producer to build new factory in Kaunas

AB ITAB Novena, a Swedish producer of equipment for shops, will build a new 10,000-square-metre factory close to its current plant in Kaunas. Construction of the new facility, which will receive LTL 10 million (EUR 2.9 million) of investment, will begin next summer, Invest Lithuania said. […]