Lithuanian land
Economy

Seimas easing restrictions on land sale to foreigners to pave way for OECD entry

Lithuania’s parliament on Tuesday started adjusting restrictions on farmland sale to foreigners, as the old provisions could impede the country’s accession to the Organization for Economic Cooperation and Development (OECD). […]

Saulius Skvernelis
Economy

Government to set up special group to supervise Klaipeda port’s expansion

The government will establish a special working group to supervise the Klaipeda seaport’s expansion, a subject of disagreement between the port’s authority and the city of Klaipeda. […]

Jungiasi DNB ir Nordea bankai
Economy

European Commission approves Nordea and DNB plans to enter into a merger in the Baltics

The European Commission approved unconditionally the creation of a joint venture between Nordea Bank AB and DNB Bank ASA, in the Baltic States. The Commission assessed the possible competitive effects of the merger on a number of distinct retail and corporate banking markets across the three Baltic countries and concluded that the merger would not raise competition concerns. […]

Tomas Balžekas
Economy

Balžekas buys main business of Lithuania’s magazine publisher Žurnalų Leidybos Grupė

Tomas Balžekas, a former CEO of the 15min portal and BNS Lithuania, is buying the magazine publishing and website administration business of Žurnalų Leidybos Grupė (Magazine Publishing Group, or ŽLG), a leading Lithuanian magazine publisher, via his company Media Bitės. […]