Caribbean
Politics

Lithuanian PM will not cut short Caribbean holiday despite cabinet turmoil

Lithuania’s Prime Minister Algirdas Butkevičius is not planning to cut short his vacation in the Caribbean despite several of his cabinet ministers becoming embroiled in controversy. […]

LNG Terminal
CORPORATE

Will consumers feel lower gas prices?

Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway‘s Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%. […]

A senior citizen in Vilnius
Economy

Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]

Birutė Vėsaitė
CORPORATE

Social Democrat MP shocks Butkevičius by saying Left ‘needs Paleckis’

Social Democrat MP Birutė Vėsaitė has shocked the prime minister and her party colleagues by posting comments on Facebook supporting Algirdas Paleckis and saying that the Left needed him, after he announced he was leaving the Socialist People‘s Front. […]

Algirdas Butkevičius
CORPORATE

Economic crisis reason for smaller pensions in Lithuania, says Butkevičius

The reason that Lithuanian pensioners currently receive lower pensions than in other countries is that during the economic crisis, Lithuania, unlike other countries, had to cut pensions and so despite recent increases, pensions started from a lower baseline, Prime Minister Algirdas Butkevičius told LRT Radijas. […]