European Union
Schengen zone collapse could cost EU up to €1.4 trillion
A collapse of Schengen zone could cost the European Union’s economy as much as €1.4 trillion over the next decade, according to a new study. […]
China
CORPORATE
€40m Spanish money laundering investigation backed by Lithuanian police
Lithuania’s Financial Crime Investigation Service is working with Spanish authorities investigating possible money laundering at the Industrial & Commercial Bank of China branch in Madrid. […]
CORPORATE
CORPORATE
Economy
CORPORATE
Chinese to ship 120,000 containers through Klaipėda seaport
China Merchants Group (CMG) plans to transport at least 120,000 containers per year through Klaipėda port from 2017. […]
Politics
President warns against populism ahead of elections
Lithuanian President Dalia Grybauskaitė warned government ministers against indulging in pre-electoral populism over an invitation-only lunch with the prime minister and his cabinet to discuss the government’s key objectives for 2016. […]
Economy
Economy
Foreign affairs
China wants to bring pharmaceutical factories and traditional medicine to Lithuania
Minister of Health Rimantė Šalaševičiūtė, who is currently visiting China, said that the country’s representatives are interested in building pharmaceutical factories in Lithuania and would like to open a traditional Chinese medicine centre as well. […]
Economy
Chinese companies interested in Rail Baltica contracts
Chinese representative are coming to Lithuania to inspect Rail Baltica, the European-gauge railway project that will connect the Baltic states and Western Europe with a view to bidding for contracts, LRT reports. […]
Economy
Economy has bigger impact on Lithuanian stock market than ‘China effect’, say analysts
While the global fall in stock markets is affecting the performance of the Lithuanian and Baltic stock markets, the macro-economic performance of Lithuania and the Baltic states will have more of an influence on whether stocks rise or fall in the near future. […]
Economy
Agreements between China’s CMG and Lithuanian companies to consolidate partnership, PM Butkevičius says
While on his working visit to China, Lithuanian Prime Minister Algirdas Butkevičius met with the management of the country’s industrial corporation China Merchants Group (CMG) to sign agreements between the Klaipėda Free Economic Zone and CMG, as well as the Klaipėda State Seaport Authority and CMG, the press service of the Lithuania Government said. […]
Economy
Huawei to cooperate with Lithuanian universities
During the Lithuanian-Chinese business forum on Monday in Beijing, cooperation agreements were signed between the Chinese telecommunications company Huawei and Vilnius University (VU), Vilnius Gediminas Technical University (VGTU) and Kaunas University of Technology (KTU). […]
Economy
Lithuanian dairy producers one step closer to exporting to China
The Lithuanian Agriculture Ministry, the Lithuanian State Food and Veterinary Service and China‘s General Administration of Quality Supervision, Inspection and Quarantine have signed a protocol requirements for exporting Lithuanian dairy products to China. […]
Culture
Opinion
Opinion: From the Baltic to the Caspian Seas, land unites again
For centuries, the rule of thumb in trade was that land divides, water unites. It took years and gradually months to follow an overland trading route from Europe to China, as opposed to months and eventually weeks by boat. But speed-trains are changing the global logistics map. These speed train connections are the “hardware” of the overland Silk Path road project that connects Europe to China. […]
Foreign affairs
Lithuanian leaders congratulate China on national day
Lithuanian President Dalia Grybauskaitė has extended congratulations to President Xi Jinping of China on the 66th anniversary of the founding of the People’s Republic of China. […]
Foreign affairs
Lithuania should look for new export sectors in China, president says
Despite a growing trade turnover, Lithuania should look for new export sectors in China, Lithuanian President Dalia Grybauskaitė said on Monday after presenting credentials to the country’s new Ambassador to China Ina Marčiulionytė. […]
Economy
Leading Chinese mobile solutions company Fun Guide to open Lithuanian office
Fun Guide, China’s leading mobile e-commerce and integrated mobile solutions company, has chosen Lithuania as the location for its first office in Europe. The company, which counts among its customers a number of big Chinese players including major banks, will open Fun Guide Europe, a Vilnius-based mobile software development and data mining office, this autumn. The company is now recruiting a team of talented software specialists in Lithuania who will be responsible for developing new mobile software for the company and will also carry out big data analytics. […]