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Tax authorities start trawl of citizens bank accounts for tax evasion
The government has given the go-ahead for Lithuanian tax authorities to start scrutinising Lithuanians’ bank accounts for tax evasion and unaccountable sources of income as the State Tax Inspectorate also announced all citizens had until the end of June this year to declare all gifts and undeclared loans since 2004 used to make purchases of over €15,000 or face a retrospective tax of 15% on the gifts. […]
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Lithuanian elite flock to Neringa with mixed effects
Neringa, the municipality located on Lithuania’s picturesque Curonian Spit, has become a Mecca for the country’s rich and famous. However, second home owners, who spend most of the year in Vilnius and other major cities, are a mixed blessing for the beautiful region. […]
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Klaipėda increases record traffic as surrounding Baltic ports decline
Klaipėda seaport reached an all-time record level shipping traffic last year of more than 38 million tons and this year is still holding its leadership position as traffic declines at other Baltic sea ports. […]
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Lithuanian opposition parties furious, draw parallels to Russian Duma
On Wednesday, the ruling parties in parliament voted down the opposition’s proposed agenda and blocked the possibility of an extraordinary parliamentary session to consider impeaching Labour Party MP Vytautas Gapšys as well as opening the floor to discussion of other recent scandals that have afflicted the ruling Social Democrats. […]
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Three candidates in running to replace healthcare minister
Three candidates are in the running to replace former Healthcare Minister Rimantė Šalaševičiūtė who stepped down from her position three weeks ago. […]
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How much tax are Google, Facebook paying in the Baltic States?
International companies like Google are making deeper inroads into the economies of the Baltic states, but they still choose to pay taxes in European Union countries with more favourable tax conditions. […]
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Lithuania seeks €197 million from EU to build ‘Rail Baltica’
Lithuania has submitted an application for nearly €197 million in funding from the EU to finance the Rail Baltica project that will connect the Baltic States railway systems with Western Europe. […]
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Vilnius University launches extensive on-line dictionary of literary terms
Vilnius University‘s A. J. Greimas Semiotics and Literary Theory Centre has launched an electronic dictionary of literary terms, a cooperation of faculty and doctoral students. […]
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Lithuania to intensify cooperation with Saudi Arabia
Lithuania and Saudi Arabia intend to sign an agreement on cooperation across a range of areas in late February. […]
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New LNG shipment to Lithuania on Independence Day marks new era
New gas tanker with Statoil natural gas reached the Klaipėda LNG terminal yesterday on Independence day, marking a new phase in Lithuania’s move away from dependence on Russian gas supplies. […]
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‘We need to stand together as Lithuanians against Belarus nuclear plant’ – Landsbergis
The Restoration Parliament Chairman Vytautas Landsbergis has called on all Lithuanians to unite in opposing the Astravyets nuclear power plant being constructed in Belarus in his speech to mark February 16. […]
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Russia statements on cooperation, new Cold War a smokescreen, says Olekas
The Russian Prime Minister Dmitry Medvedev’s statements about a second Cold War and Moscow‘s talk of cooperation have to be seen as cover for its military actions in Syria and Ukraine, said Lithuanian Defence Minister Juozas Olekas. […]
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Small countries can be powerful on world stage too, says Hannibalsson
On February 11, 1991, Iceland was the first country to recognize Lithuania’s independence, and Iceland‘s Foreign Affairs Minister at the time Jon Baldvin Hannibalsson said it showed that small countries coming together could exert real influence on the international stage. […]