CORPORATE
Lithuania
CORPORATE
Decentralise state agencies to the regions, says MP
The government should decentralise state-controlled enterprises, public institutions and government organisations to the regions to move more jobs out of the capital to the regions, especially to the underdeveloped municipalities, said parliamentarian Kęstutis Masiulis. […]
Politics
Lithuania improves its standing in corruption rankings
Lithuania is seen as less corrupt than before as the country moves up seven spots in Transparency International‘s corruption perception index. […]
CORPORATE
Unpredictable Poland is the new Russia for Lithuanian exporters, say economists
After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis. […]
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. […]
Uncategorized
Lithuanians travel least of Baltic nations
Lithuanians are the least travelling people of the Baltic nations, a survey shows. […]
CORPORATE
€500k of medical aid sent to Ukraine
Lithuania sent over 200,000 packages of medication to Ukraine on Friday in response to a request by the Ukrainian Ministry of Health. […]
CORPORATE
Foreign investors get frosty reception in Lithuania’s regions
Foreign investors get a frosty reception in the regional parts of Lithuania as local businessman fear competition and put pressure on councils to keep out foreign investment, according to Rūta Skyrienė, executive director of the Investors Forum, which brings together foreign investors in Lithuania. […]
CORPORATE
Will consumers feel lower gas prices?
Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway‘s Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%. […]
CORPORATE
Supporters and critics of Poland clash in European Parliament
Ping pong of historical references pepper European Parliament debate on Poland reforms and European Commission investigation […]
Economy
State Tax Inspectorate’s public procurement deal under scrutiny
The Lithuanian parliament’s Anti-corruption Commission has turned to the minister of finance, asking for clarification about public procurement contracts of the State Tax Inspectorate (VMI). […]
CORPORATE
New deal with Statoil to cut gas price by third
Lithuania’s gas company Litgas has concluded negotiations with Norway’s Statoil to review it’s five-year liquefied natural gas (LNG) supply contract, substantially cutting maintenance costs of Lithuania’s LNG terminal and the price for gas consumers, Prime Minister Algirdas Butkevičius says. […]
Energy
Nord Stream 2 gas pipeline ‘aimed at dividing Europe’
The Nord Stream 2 gas pipeline to Germany, which Russia plans to build across the Baltic Sea, is economically unsound and is a political project aimed at dividing European Union countries, said Lithuania’s President, Dalia Grybauskaite. […]
Society
Five Lithuanian basketballers win dubious honour of being named members of modern fantasy USSR team
A Russian sports website named sports.ru has given five Lithuanian basketball players the questionable honor of playing on that website’s modern-day USSR fantasy dream team. The article’s author recounted that four Lithuanian basketball players – Arvydas Sabonis, Šarūnas Marčiulionis, Valdemaras Chomičius and Rimas Kurtinaitis – played for the Soviet Union when its basketball team took the gold at the Seoul Olympics in 1988. […]
Foreign affairs
Lithuania’s MFA says treaty between Russia and South Ossetia has no legal value
The Ministry of Foreign Affairs of Lithuania issued a statement regarding the “Treaty on Alliance and Integration” between the Russian Federation and South Ossetia region of Georgia, asserting that the agreement has no legal value. […]
Politics
Society
Grybauskaitė to attend events marking Lithuania’s independence
On 15-16 February, President Dalia Grybauskaitė will be attending events marking the Day of Restoration of the State of Lithuania. […]
Uncategorized
Truce being maintained in Ukraine, situation remains complicated – Lithuanian ForMin
The truce that came into force on Sunday night in Ukraine is an important step towards the resolution of the ongoing conflict, but the situation in the east of the country remains complicated, Lithuanian Minister of Foreign Affairs Linas Linkevičius says. […]
Economy
Deficit of Lithuania’s current account balance widens
The surpluses on the balances of services and secondary income did not offset Lithuania‘s negative trade and primary income balances and this led to a build up (EUR -16.5 million or LTL -56.9 million) of a deficit in the current account balance (CAB) in December 2014, the Bank of Lithuania reports. […]
Economy