No Picture
European Union

Lithuanian govt proposes to Brussels to stop changing clocks

Lithuania’s government is expected to endorse its position on Wednesday against changing the clocks twice a year in the European Union. […]

No Picture
Opinion

The White Paper on China and WTO

On June 28, the White Paper on China and the World Trade Organization was published. China joined the WTO in 2001, which marks a key milestone in its intensive participation in economic globalization. The past 17 years witness how the role of China has evolved from an active partaker, to an important contributor, and eventually a firm guardian and defender of the multilateral trading system. The White Paper presents to the world China’s satisfactory performance as a WTO member so far, as well as its positive attitude and strong determination to safeguard the global trading system. […]

Vilius Šapoka
Economy

Vilius Šapoka, the Minister of Finance: the capital markets union is beneficial for all countries of the European Union

Today 8 countries of the EU have expressed united position on creation of the single capital markets union. It will contribute to sustainable growth of economics, stability of the financial system and diversity of sources for funding of business within the EU. The statement has been signed by the ministers of Demark, Estonia, Finland, Ireland, Latvia, Lithuania, Sweden and the Kingdom of the Netherlands, a press release from the Lithuanian Ministry of Finance states. […]

No Picture
Society

Kaunas Public Transport launches ‘Voice’ app

At the start of 2017, the Kaunas city public transport bus company launched the ‘KVT Voice’ app (Kaunas Public Transport ‘Voice’) for blind and visually impaired persons. The development of the app, from conception stage through various design and development phases to full implementation, has taken less than a year, an Efcom.lt press release states. […]

No Picture
Economy

TransferGo receives electronic money license from the Bank of Lithuania

The Bank of Lithuania has provided an electronic money license to the international money transfer startup TranferGo. This license opens up new development opportunities and makes it possible for the company to further simplify and speed up international money transfers, as well as to offer electronic money storage, real-time transfers and other financial services throughout the European Union, a press release from the startup states. […]

No Picture
Economy

Global trade wars and their impact on the Baltic countries

Last year was marked with rising global economic growth, improving confidence and expectations, booming stock markets, and low volatility. That seems to be over – economic growth has eased, especially in the euro area, and the dominating story is rapidly escalating trade tensions. […]

The Kremlin
CORPORATE

Presidential candidate’s initiative described as a national threat: such people should not even be invited to Lithuania

Is it necessary or to what extent is it necessary to interact with Russia – this discussion started early this year appears to have been renewed. New passions were incited regarding the October 4-5 international […]