Economy
Articles by Lithuania Tribune
Culture
Energy
Hydroelectric power plants prevent electricity price hike in Lithuania
In the first week of January the average electricity price in Nord Pool Spot power market Lithuanian trading zone went up and reached EUR 43.45 per megawatt hour, electricity transmission system operator Litgrid announced. […]
European Union
Eurogroup president congratulates Lithuania on joining euro zone
Eurogroup President Jeroen Dijsselbloem has congratulated Lithuania on joining the euro area. […]
Foreign affairs
Lithuanian parliament ratifies anti-crime effort agreement with Georgia
The Lithuanian parliament has ratified the intergovernmental agreement between Lithuania and Georgia on cooperation in fighting crime which was signed on 26 September 2013 in Vilnius. […]
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. […]
Defence
Lithuanian military to participate in six multinational missions in 2015
Lithuania, as an active member of international community – NATO, the European Union, the United Nations – this year is planning to participate in six multinational operations and missions, about 100 Lithuanian troops will be deployed abroad, the Ministry of National Defence said. […]
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. […]
Defence
Many Russian spies are operating in Lithuania, expert says
A lot of Russian spies are operating in Lithuania, so it’s likely that the recently-detained Lithuanian Air Force officer worked for Moscow, says Marius Laurinavičius, an analyst at the Eastern Europe Studies Centre. […]
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. […]
Economy
Game Insight supports 3D printing via Lithuanian startup Toyze
Lithuanian startup Toyze has signed a licensing agreement with global developer and publisher Game Insight for three of its mobile game properties, The Tribez, Dragon Eternity and Mirrors of Albion, Invest Lithuania reports. […]
Global LT
President Grybauskaitė hands out Global Lithuanian Awards
Lithuanian President Dalia Grybauskaitė congratulated the laureates of this year’s Global Lithuanian Awards, the presidential press service said. […]
Economy
Lithuania completes negotiations on meat export to US
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. […]
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. […]
Economy
CSC Baltic signs partnership agreement with Vilnius University
Vilnius University and CSC Baltic signed a partnership agreement that will ensure partnership with individual faculties and the university as a whole. The agreement was signed by the interim rector of Vilnius University Professor Juras Banys and the CEO of CSC Baltic Antanas Ursulis, Invest Lithuania said. […]
Society
President will award Global Lithuanians
The Honorees of the Global Lithuanian Awards 2014 will be announced and awarded at the official ceremony in the Presidential Palace on the 30th of December, 2014. The event will be broadcast live from 4:00 PM on LRT television and the news portal DELFI. […]
Economy
Lithuanian business start-ups to expand despite slowing economy
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. […]
Global LT
Ukraine supporters meet with US senator
Danelė Vidutienė, chair of the US-Lithuanian Community Public Affairs Council, Asta Banionytė, member of the Council and former Capitol Hill staffer, and representatives of the Central and East European Coalition (CEEC) met with US Senator Sherrod Brown (D-OH). […]