Lithuania should prepare for a possibly drastic decline in European financial aid in the new European Union (EU) budget after 2020, says MP Stasys Jakeliūnas, chairman of the parliamentary Committee for Budget and Finance. […]
EU Budget Commissioner Guenther Oettinger promises to help Lithuania to secure further EU funding for the decommissioning of the Ignalina Nuclear Power Plant (NPP), saying that the country would not be capable of bearing such a heavy financial burden on its own. […]
The European Commission remains committed to providing funding for the decommissioning of Lithuania’s Ignalina Nuclear Power Plant (NPP), Viktoras Pranckietis, the speaker of the Seimas, said after meeting with EU Budget Commissioner Guenther Oettinger in Vilnius on Thursday. […]
The European Union must continue to provide funding for the decommissioning of the Ignalina Nuclear Power Plant (NPP) as Lithuania is not capable of financing the project on its own, Prime Minister Saulius Skvernelis said ahead of Thursday’s meeting with EU Budget Commissioner Guenther Oettinger. […]
Guenther Oettinger, the EU commissioner in charge of budget and human resources, is coming to Vilnius on Thursday to discuss the EU’s next multiannual financial framework with Lithuania’s leaders. […]
Lithuania has climbed five places to the 16th spot among 190 rated countries on the World Bank‘s Doing Business rating that assesses business environments. […]
President Dalia Grybauskaitė, on an official visit to the United Arab Emirates (UAE), says that Lithuanian business people, high technology experts and farmers have opportunities to establish themselves in the Persian Gulf state’s market. […]
Lithuania’s largest companies have improved their average transparency score over the past three years, with the ranking topped by the telecoms services providers Tele2 (100 points) and Telia Lietuva (98 points) and the grocery chain Maxima LT (96 points), according to a study by Transparency International (TI) Lithuania. […]
Ship traffic at the Lithuanian seaport of Klaipėda is being resumed on Tuesday as winds have subsided. […]
Officials from the German auto-parts giant Continental, which on Monday announced plans to build in a new factory in Kaunas, wanted to know if people in Lithuania’s second-biggest city are tolerant toward foreigners and inquired about the situation with kindergartens in the region, a former Lithuanian economy minister who held talks with the German investors said. […]
As part of its strategy of strengthening manufacturing capacities in Europe, the technology company Continental, is to build a new facility in the Kaunas region of Lithuania. The company plans to invest €95 million in the new unit, which will produce electronic components and create around 1000 new jobs over the next five years. […]
Luxembourg wants to cooperate with Lithuania in the areas of telecommunications, information and finance technologies, satellites and logistics, Grand Duke Henri said in Vilnius on Thursday. […]
The Vilnius administration has been the most efficient across Lithuania for the third consecutive year, shows the 2017 Municipal Performance Index published by the Lithuanian Free Market Institute (LLRI). […]
After Lietuvos Geležinkeliai (Lithuanian Railways, LG) announced its plans to rebuild a railway stretch to Renge dismantled nearly a decade ago to eliminate a violation that led to a European Commission (EC) fine, Lithuania’s Transport and Communication Minister Rokas Masiulis says the rebuilding is a political step, not just an economic move. […]
Lithuanian Police Commissioner General Linas Pernavas sees the frequent use of cash as a key factor in the shadow economy and proposes to consider imposing restrictions on marketplaces and construction, transport and car trade businesses, which he says are the sectors where grey activities are most widely spread. […]
The Lithuanian parliament’s Committee on Economics seeks to set clear-cut criteria under companies important for national security would have to notify the government about large transactions. […]
Girteka Logistics may be Lithuania’s best-kept secret, at least inside its home country. By far the biggest transportation company in Europe, it aspires to lead the way in management culture, corporate transparency and growth. The European Business Network, during their most recent monthly meeting, was let in on the secret success of the company. […]
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