Greeting Independence in Klaipėda one year ago
Energy

Klaipėda LNG Terminal one year on – independence or responsibility?

On 27 October 2014, the port of Klaipėda on the sea coast of Lithuania was crowded with people and heads of the Baltic States. The day marked a new era in the energy security sector for Lithuania, Latvia and Estonia, as an LNG ship called “Independence” was met with Lithuanian flags waving high. Even higher were the expectations of this floating LNG terminal which at the time analysts called “a game changer” in the Baltic gas sector. However, one year on, Lithuanian government is struggling to find ways to lower the FSRU costs and expand their gas market – “Independence” has become an expensive burden. […]

Linas Linkevičius
Foreign affairs

US focuses more on Eastern Europe, Lithuanian foreign minister says

On 2 November in Vilnius, Minister of Foreign Affairs of Lithuania Linas Linkevičius welcomed the participants of the roundtable discussion Transatlantic Renewal and thanked them for their effort to develop the vision of a free and united Europe, Lithuania’s MFA reports. […]

Defence

Influential US think tank looks into ways of improving security measures in Baltics

On 20 October in Vilnius, Deputy Minister of Foreign Affairs of Lithuania Andrius Krivas, officials of the Ministry of Foreign Affairs and the Ministry of National Defence met with a group of experts from the Influential US think tank Atlantic Council, led by Magnus Nordenman, to discuss current challenges to Lithuania’s security, measures to ensure security and potential support from allies in this field. […]

No Picture
Economy

Ernst & Young revises Lithuania’s 2015 GDP growth forecast to 2.1 percent

Professional services firm Ernst & Young (EY) has published its latest economic forecast for the euro area. It is projected that Lithuania’s GDP growth will stand at 2.1 percent in 2015 and 3.6 percent in 2016. Meanwhile, GDP growth in the euro area will stand at 1.6 and 1.8 percent respectively. […]

"Rail Baltica"
Economy

First stage of Rail Baltica completed

Lithuania’s Kauno Tiltai AB, the largest transportation infrastructure company in the Baltics, and Mitnija UAB, the largest construction company in Lithuania, have finished laying, remodelling and upgrading the first European gauge railway from Šeštokai town to Marijampolė town (Lithuania), Mitnija said in a press release. […]

Nicklas Bergman
Economy

Innovation investor Nicklas Bergman: ‘Curiosity drives human development’

Futurist Nicklas Bergman has been investing in new technology for over 20 years. He cooperates closely with Washington-based think tank Tech Cast and Lund University. Mr. Bergman will talk about future technology in Vilnius Innovation Forum 2015, organised by the Ministry of Economy of Lithuania and the Agency for Science, Innovation and Technology. The expert will discuss the changing relationship between the society and technology and its importance to our lives. […]

No Picture
Opinion

Opinion: Information security – new challenges and Georgia

By one of its definitions, hybrid war involves classical military actions as well as undermining activities, energy, economic and finance warfare and, most importantly, information warfare. This is the kind of hybrid war that Russian Federation is waging against Ukraine. However, in one of his articles, the Russian expert, Andrey Ilarionov mentioned, that rather from being just a conflict between two countries, the war between Russia and Ukraine is a full-scale confrontation between the West and Russia. Unfortunately, Georgia found itself on the front line of this fierce confrontation between civilizations and has hence become one of the hotspots of information warfare. […]

No Picture
Economy

Baltic Innovation Fund to make additional funding available for SMEs

The innovative fund-of-funds investment initiative – the Baltic Innovation Fund (BIF), dedicated to boosting equity investments made into Baltic enterprises, launched by Lithuania, Latvia and Estonia and the European Investment Fund (EIF), has been increased. The EUR 30 million increase of BIF is expected to translate into an additional EUR 100 million of private equity and venture capital funding available in the Baltic States over the next 5-7 years, Startup Lithuania reports. […]

Potsdam Conference
Opinion

Opinion: Potsdam Conference and Russia’s crooked-mirror politics in Kaliningrad

Most of the time history can’t be put to bed even though agreements to end wars have been concluded, victors have drawn new boundary lines, promises made, but they soon get either forgotten or swept under the rug, as if they weren’t there. The story of the northern part of former East Prussia (now known as the Kaliningrad exclave) is a good example of a conveniently ignored agreement made at the 1945 Potsdam conference to resolve the fate of the territory at a later peace treaty with Germany. […]

No Picture
Economy

Dagens Industri: “Lithuania is a tiger in the European zoo”

Lithuania is a tiger in the European zoo. The future looks bright for a country that chose a totally different path from Greece. Investors and entrepreneurs take note! […]