CORPORATE

Lithuania behind other Baltic states in commercial real estate investment

Over the first half of 2016, 22 investment transactions have been made in the Baltic states involving 423,000 square metres of commercial real estate. Among the Baltic states, Lithuania has attracted the least investment, according […]

Lithuanian President Dalia Grybauskaitė, Polish Prime Minister Beata Szydlo
CORPORATE

The cold friendship between Lithuania and Poland

Posters on bus stops across Vilnius remind us that, this autumn, we are celebrating the 25th anniversary since most countries in the world resumed diplomatic relations with the Republic of Lithuania. The events will probably also celebrate the relations between Lithuania and Poland. Although there is little to celebrate: looking at the last five years, we must state that there has been considerable regress. […]

CORPORATE

Re-launch of NordBalt cuts electricity prices

The price of electricity in Lithuania and Latvia last week fell 16% to €31.59 per MWh after the NordBalt maintenance works have been finished. Increased electricity imports from Estonia and Belarus also gave a positive […]

Vladimir Antonov
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Snoras former owner Antonov demands €555m from Lithuania

Vladimir Antonov, the former owner of the Snoras Bank which was nationalized and went under after revelations of large-scale embezzlement, has turned to the Moscow Arbitration Court demanding a compensation from Lithuania. He demands 40 […]

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CORPORATE

Changes in management requirements for state-owned enterprises

The Lithuanian government has approved changes to the management requirements of state-owned companies in order to optimize the use of public funds. State-owned companies will no longer be required to submit 3, 9 and 12-month […]