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Economy

Lietuvos Energijos Gamyba finished 2018 with good financial results and a new strategy

Despite the unfavourable natural conditions and market unpredictability, last year Lietuvos Energijos Gamyba, a part of Lietuvos Energija group, managed to maintain decent financial performance indicators and provide reliable power regulation and reserve services, a press release from the group states. […]

Blockchain Centre Vilnius CEO Justas Šireika
Economy

Blockchain Centre Vilnius to be headed by Justas Šireika

Technology companies from 14 countries around the world, including Australia, China, Canada, Switzerland and others have established partnership with Blockchain Centre Vilnius (BCV), which was founded just a year ago. In an annual event hosted by the centre on January 23, blockchain technology experts from the World Trade Organisation, European Commission and Parliament, as well as Lithuanian institutions gathered to discuss the application of blockchain technology in international trade. During the event, Justas Šireika was introduced: he will be taking charge of the BCV, as well as a new start-up financing fund, according to a Blockchain Centre Vilnius press release. […]

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European Union

European Commission’s proposal on direct payments to Lithuanian farmers “unacceptable”: President Grybauskaitė

Lithuanian President Dalia Grybauskaitė said on Monday the European Commission‘s proposals on direct payments to Lithuanian farmers are “unacceptable”. The country’s farmers are planning to hold a demonstration in Brussels on Thursday. […]

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Economy

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed to the global provider of equity indexes MSCI for a possibility of assessing the Baltic states not individually, but as a single region in using an industry classification system. The aim is to start a debate with MSCI for a possibility of improving the equity index of the countries. The appeal to MSCI has been initiated together with European Bank for Reconstruction and Development (EBRD). MSCI is one of the most important forefront index constructors, whose indexes are followed by the largest global investors, a press release from the Lithuanian Finance Ministry states. […]

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Foreign affairs

At A. Guoga’s initiative, 27 MEPs urge Amazon Inc. to halt sales of Soviet symbols

At the initiative of MEP Antanas Guoga, 27 MEPs have called on the CEO of Amazon Inc. Jeff Bezos in an open letter, urging to cease sale of goods featuring Soviet symbols on the Amazon online shopping platform. The appeal was signed by MEPs from Lithuania, Poland, the Netherlands, Germany, Croatia, Latvia, the UK, Slovakia, Estonia, Finland, Portugal, Hungary and Spain, who represent the main political groups. […]

Society

Winter time to be introduced in Lithuania this weekend

Winter time will be introduced in Lithuania this weekend. […]