Culture
Finland
CORPORATE
Conquering Scandinavia presents new challenges for exporters
Lithuanian entrepreneurs have been turning away from Russia as their primary market for exports and setting their sight on the Nordic countries. However, different rules apply in Scandinavia, with easy profits hard to come by. […]
CORPORATE
Foreign affairs
Lithuania opens honorary consulates in India, Finland
Lithuania has opened two new honorary consulates in India and Finland this week, the Ministry of Foreign Affairs said on Wednesday. […]
European Union
Europe’s security might trump freedom of movement, Lithuanian minister says
The European Union might have to sacrifice the free movement of people for the sake of security, if it fails to control the flow of migrants, Lithuanian Interior Minister Saulius Skvernelis said on Tuesday. […]
Energy
Energy minister discusses potential nuclear power plant boycott with Estonian minister
Minister of Energy Rokas Masiulis, who sent out a letter to ministers in Latvia, Estonia, Poland and Finland urging them not to buy electricity from the nuclear power plants in Belarus or Kaliningrad, received the first positive answer to his letter when he met with Estonian Minister of Economy and Infrastructure Kristen Michal on Thursday. […]
Economy
Energy
Common Baltic gas market is top priority, say regional energy leaders
On 15 December, Lithuania’s Ministry of Energy held a meeting of the Committee of Senior Energy Officials of the Baltic Council of Ministers (BCM) to address the development of a regional gas market and to cooperate on the synchronisation of the Baltic states’ power systems with the networks of Continental Europe, the ministry reports. […]
Defence
Opinion
Opinion: Balticconnector will help neutralise pressure of Russian gas
In October, Estonian and Finnish gas companies, with the support of the national governments, jointly applied to the European Commission for financing of the construction of Balticconnector – the transmission pipeline network that would connect the gas networks of the two countries. Reaching an agreement and submitting the application marks a very important intermediary stage, writes the Chairman of the European Union Affairs Committee of the Estonian parliament Kalle Palling (Reform Party). […]
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. […]
Uncategorized
Estonian plans present challenge to Lithuanian energy strategy
Should Lithuania be worried about Estonia‘s plans to build its own liquefied natural gas (LNG) terminal? If it becomes a regional gas supply facility, it could supply gas to Latvia and Estonia and take away desperately needed clients from Lithuania’s Klaipėda LNG terminal, already struggling to operate at adequate capacity. […]
Energy
Elektrėnai Power Plant ups production due to electricity price hike
Combined cycle unit of Elektrėnai Power Plant increased electricity generation due to significant price hike in the Nord Pool Spot power market. Thursday afternoon the unit was generating electricity at 420 MW capacity, thus ensuring the security of electricity supply. For comparison, almost the whole time since mid-April the unit was operating at the minimum capacity of around 235 MW. […]
Lithuania must strengthen cooperation with Finland, foreign minister says
On 24 September, Minister of Foreign Affairs of Lithuania Linas Linkevičius met with Minister for Foreign Affairs of Finland Timo Soini, who was visiting Lithuania, to discuss bilateral political and economic relations, regional cooperation and key issues on European agenda, including migration, the security situation in the region, relationship with Russia, the situation in Ukraine, cooperation in the fields of energy and transport, Lithuania’s MFA said. […]
Society
Lithuanian border guards hand over 8 migrants from Iraq to Poland
Lithuanian border guards on Thursday handed over eight migrants from Iraq to their Polish counterparts, the State Border Guard Service said. […]
Society
Uncategorized
Nordic, Baltic and Poland are Europe’s new front-line states, security report says
Europe’s new front-line states are the Nordic countries, Baltic countries, plus Poland, which share a common concern about a “revisionist and rapidly-rearming Russia”, according to the Baltic Sea Security Report by the Centre for European Policy Analysis (CEPA). […]
Economy
Finnish investment in Lithuania leads in job creation
Finnish investments generated more jobs in Lithuania than any other foreign investment in 2014. Finland made nearly 30 million euros worth of new direct investments last year, retaining its position from 2013 as the country’s eighth largest foreign investor. The most significant foreign investors in Lithuania were Cyprus, Latvia and Sweden. […]