Lithuania
Lithuania jumps to 13th in global economic freedom rankings
Lithuania moved up two places to 13th in the latest global economic freedom index published by the Heritage Foundation in conjunction with the Wall Street Journal. […]
Court of Appeals to give verdict in Labour Party’s fraud case
The Lithuanian Court of Appeals is to hand down a ruling in the Labour Party‘s bookkeeping fraud case on Monday, paving way for the verdict in the case to take effect. […]
Former Vilnius mayor suggests joining forces with Liberal Movement
Former Vilnius mayor Artūras Zuokas, leader of the Lithuanian Freedom Union, says his party is planning to approach the Liberal Movement about joining forces in the general elections this October. […]
Investigators probe Lithuania’s biggest retail group for alleged illegal activity
Lithuania’s Prosecutor General’s Office and the Financial Crime Investigation Service (FNTT) are conducting a probe into alleged illegal activities by Vilniaus Prekyba, one of Lithuania’s biggest business groups, and its shareholders, including Lithuania’s richest businessman, Nerijus Numavičius. Numavičious assets are worth an estimated €1.3 billion. […]
Mergers & acquisitions in Lithuania at slow pace in 2015
Global M&A activity grew to record levels in 2015, fuelled by some mega mergers in the pharmaceutical, energy and consumer industries. Lithuania bucked the trend with less consolidation and acquisitions than in the previous year and stood out as the least active in the corporate bond market. The findings on global and regional performance were presented by several industry experts at an event of the Estonian Chamber of Commerce on Wednesday. […]
Cheap ruble upped illegal migration to Lithuania
The dropping value of the currencies of Russia and Belarus has forced some migrant workers from these countries to make their way to Lithuania, mostly illegally, the State Border Guard Service says. […]
Opinion: Kaliningrad – Kremlin‘s joker in geopolitical poker game with West
The Kremlin‘s propaganda rarely shocks anymore and hardly registers as news with most people but some of it deserves attention because when a specific propaganda message is repeated over and over, it is done in an attempt to embed it in our minds as being the uncontestable truth. In the case of Kaliningrad, it has to be feared that the Kremlin‘s efforts are an attempt to incite war between the West and Russia. […]
Put pressure on Moscow, not Kiev, to end war in Ukraine, Lithuanian minister says
The international community should not demand that the Ukrainian government grants autonomy to its eastern regions until Russia ensures security in the region, Lithuanian Minister of Foreign Affairs Linas Linkevičius argues in an op-ed piece published in the Wall Street Journal. […]
President and minister visit rural social care centre
President Dalia Grybauskaitė and Social Security Minister Algimanta Pabedinskienė visited Rimėnai village in the Alytus region on Wednesday to learn from the municipality and rural communities how to help disadvantaged families escape from violence, alcohol and poverty. […]
Lithuanian SMEs focussing on investment in domestic markets
Instead of strengthening their positions abroad or looking for new markets, small and medium sized Lithuanian companies are this year planning to increase investment in expansion in domestic markets, a survey commissioned by SEB Bank shows. […]
Small chance that Zika virus will spread to Lithuania, says expert
There is only a small chance that the Zika virus could spread to Lithuania with cold weather preventing the mosquitos who carry the virus from living long enough, according to a leading Lithuanian expert, but pregnant women should still not travel to countries with warmer climates where the virus has been detected. […]
No difference between Landsbergis’ nationalism and Putin’s, claims Andriukaitis
EU Health and Food Safety Commissioner Vytenis Povilas Andriukaitis said there was little difference between the nationalist outlook of Russian President Vladimir Putin, the Hungarian leader Viktor Orban and Lithuania’s first post-independent leader, Vytautas Landsbergis. […]
New rail shipments to Italy to open up export routes
Lithuanian Railways has begun regular shipments between Lithuania and Italy that will open export routes for Lithuanian goods. […]
Klaipėda CHP plant generates record amount of power
Fortum Klaipėda heat and power plant, which runs on waste and biofuel, produced a record 416GWh of heat and 143GWh of electricity during 2015. […]
