Finasta
Economy

Invalda LT-led consortium to negotiate acquisition of Finasta Banking Group

The Creditor’s Committee set the minimum selling price and the sale method of the Finasta Banking Group, and authorized the Snoras Bank bankruptcy administrator to complete negotiations with the investor which had submitted the best offer, namely the consortium led by investment company Invalda LT. Nevertheless, the acquisition is still to be approved by the Competition Council. […]

Olver Nicholas
Economy

Hit US company Uber employing team of IT specialists in Lithuania

Uber, a company that offers passenger transport services and is worth more than 18 billion US dollars (48.99 billion litas), has a team in Lithuania which is set to expand in the near future. […]

No Picture
Economy

Lithuania to scrutinize investments for national security implications

Under amendments adopted by Lithuanian parliament on Tuesday, the authorities will up scrutiny on investments that might pose threats to national security. The country will also update the list of strategic national security objects. […]

No Picture
Economy

Vilnius-Frankfurt flights cancelled amid Lufthansa pilots strike

Lufthansa flights between Vilnius and Frankfurt, scheduled for this week, have been cancelled due to the strike of the German airline’s pilots. […]

Neil Cooper
Economy

Snoras bank creditors contest descision to dismiss bankruptcy administrator’s investigation

The association of depositors and creditors of Lithuania’s bankrupt Snoras bank plans to contest the prosecutors’ decision to dismiss investigation into the actions of Neil Cooper, the bank’s outgoing bankruptcy administrator. […]