Lithuanian airports losing race for regional domination to Riga

Direct air transport effect on Lithuania‘s economy in 2013 reached 86 million euro, or 0.25 percent of GDP. However, it is only the tip of the iceberg, since the total sum of direct, indirect, induced effects and the broader economic benefits from air transport effect in Lithuania would be 870 million euro, or 2.5 percent of GDP. […]

Greeting Independence in Klaipėda one year ago
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. […]

Defence

NATO considers stationing battalions in Baltic states and Poland

NATO member states are considering stationing 4,000 soldiers in its member states bordering Russia. The move is intended to deter Russia from venturesome actions against eastern NATO member states. […]

Economy

Three Lithuanian names among top 10 highest-valued companies in Baltics

The Swedbank group is the highest-valued company in the Baltic states. The company’s worth grew 22 percent over the last year to reach EUR 3.9bn. It tops the list of the ten highest-valued companies in Lithuania, Latvia and Estonia. […]

Nordbalt cable
Energy

NordBalt to provide more energy security for 6m people in Baltics

Two months remain until the completion of the biggest joint Swedish and Lithuanian project NordBalt. In December the electricity produced in Scandinavia will be transmitted directly to Lithuania for the first time in history. King Carl XVI Gustaf and Queen Silvia of Sweden along with the President of Lithuania Dalia Grybauskaitė evaluated the NordBalt implementation progress while visiting the construction site of the NordBalt high voltage direct current (HVDC) converter station in Klaipėda. […]

Uncategorized

Lithuania to open gas supply to Latvia and Estonia

A new gas pipeline between Klaipėda and Kuršėnai is launching on Friday. The new route will allow supplying gas from Lithuania’s liquefied natural gas (LNG) terminal to Latvia and Estonia. […]