Mindaugas Rimkus, Author at the Lithuania Tribune

Danske Bank withdrawal from Lithuania: what local customers need to know

May 17, 2018 Mindaugas Rimkus 0

Danske Bank Group announced that it is stopping onboarding new local customers in Lithuania and plans to exit from serving local business and private banking customers. Although it was announced that it means no immediate changes for current local customers, customers are free to look for other banking services. […]

Merger between RIMI and IKI rejected: lessons learned

April 19, 2018 Mindaugas Rimkus 0

At the end of 2016 Rimi Lietuva, JSC (brand – RIMI) disclosed its strategic plan to acquire full control of Palink, JSC (brand – IKI) creating the biggest network of retail market centres (stores) in Lithuania, however becoming the second player by measured turnover in retail after Maxima LT, JSC (brand – Maxima) ahead. […]

Complicated Sino-Lithuanian relationship

October 1, 2024 0

As the Seimas elections approach, more parties, especially opposition parties, promise to change their foreign policy. The most significant change, in their view, is in relations with China. The opposition believes that seeing China as […]

Economist speaks out about the unstoppable rise in prices: ‘It’s getting a bit scary’

September 24, 2024 0

Prices in Lithuania decreased by 0.5% over the month, but annual inflation is again approaching the 1% mark. The most significant price increases over the year were in cafes and restaurants – nearly 9%. Some […]

Who could have thought? Germans give us a brigade, we give them electricity

September 20, 2024 0

Rokas Masiulis, the Head of the electricity transmission operator Litgrid, was one of the energy experts who, at the outbreak of the war in Ukraine, calmly and even optimistically looked to the future: Lithuania would […]

The EU must stop funding the brutal Cuba regime

September 16, 2024 0

Russia has always been Europe’s enemy. This is something that many of our Western and Central European friends seemed to forget since the fall of the Berlin Wall. Not so in Eastern Europe and the […]

Grybauskaitė effect? Among the candidates for Prime Minister, there is also an option that has not yet been named out loud

September 13, 2024 0

With the parliamentary elections just a month away, party leaders are already working out, in public and behind closed doors, the scenarios for the foundations of the future governing coalition and who will lead the […]

Lithuanians will have to open their wallets even wider: goods and services will become more expensive

August 30, 2024 0

According to TV3.lt, Swedbank economists raise their GDP growth forecast for Lithuania and believe the Lithuanian economy will grow the fastest among the Baltic States this year and next. Inflation will likely rise next year, […]