This Monday, Lithuania congratulated itself on finishing a seminal project in its energy independence policy and welcomed the floating liquefied natural gas terminal in the Baltic port of Klaipėda, from where it will open a second gas import line, an alternative to Russia’s gas giant Gazprom that had monopolized the Lithuanian gas market. […]
Excessively optimist forecasts and no instruments for boosting the domestic market in the 2015 Lithuanian budget proposal may lead to economic problems, says Gitanas Nausėda, adviser to the SEB bank president. […]
Advisor to the SEB Bank president, financial analyst Gitanas Nausėda says that the impact of Russia‘s food product embargo on the Lithuanian economy has been greatly overstated. […]
Analysts at SEB Bankas estimate that Lithuania’s maximum economic losses in case of Russia‘s complete import ban could reach up to 5 percent of the gross domestic product, noting that such losses would be quite painful. […]
Rokas Masiulis, the CEO of Klaipėdos Nafta (Klaipeda Oil) who was on Monday appointed as the country’s new energy minister, says that he has already discussed the energy sector’s prospects with Loreta Graužinienė, the leader of the Labour Party which delegated him to the post. […]
Russia is unlikely to impose any restrictions on natural gas exports to Lithuania as this would affect its Baltic Sea exclave of Kaliningrad, a SEB Bankas economist said on Monday. […]
Gitanas Nausėda, advisor to the president of SEB Bank, claims that a slowdown in the Russian economy, triggered by various EU and US sanctions, will affect Lithuanian exports which are retail-oriented. […]
Lithuania, which will adopt the euro on Jan. 1, should feel positive effects of the new currency in three to five years. However, the new currency will bring both positive and relatively negative changes, an analyst with SEB Bankas, the largest Lithuania’s commercial bank, says. […]
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