MP indignant about food prices in Lithuania higher than in Germany

Conservative MP Kęstutis Masiulis has asked Economy Minister Evaldas Gustas to investigate why food prices in Lithuanian grocery stores are higher than in Germany and Belarus. […]


Invalda LT-led consortium to negotiate acquisition of Finasta Banking Group

The Creditor’s Committee set the minimum selling price and the sale method of the Finasta Banking Group, and authorized the Snoras Bank bankruptcy administrator to complete negotiations with the investor which had submitted the best offer, namely the consortium led by investment company Invalda LT. Nevertheless, the acquisition is still to be approved by the Competition Council. […]

Algirdas Butkevičius

Lithuanian PM defends tax exemption on shale gas extraction

Prime Minister Algirdas Butkevičius does not give prominence to the environment minister’s concerns that if a three-year tax exemption on shale gas extraction is applied, a deposit would be depleted in that time and the state would not receive income. […]