Gazprom
Energy

Stockholm arbitration ruling in Lithuania-Gazprom case ‘not a total loss’

A four-year-long dispute between the Lithuanian government and Russia‘s gas company Gazprom over €1.4 billion sought by Lithuania at Stockholm arbitration court over overcharging for gas supplies has ended in failure of both parties to prove the validity of their claims.

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Nerijus Mačiulis
CORPORATE

Why are Lithuanian wages the lowest in the region? – An economist explains

The absence of an increase in foreign direct investment into Lithuania is one of the key reasons why the average wage in Lithuania is the lowest in the region. “The ratio of attracted investment is […]

CORPORATE

Lithuania’s traffic jams: smart thinking needed

Traffic jams in Lithuania’s largest cities can’t hold a candle to those that torment the residents of the world’s largest metropolises, but Lithuanians who live farther away from their workplaces complain about having to spend an hour or more a day in traffic jams during their commutes. What sort of losses do traffic jams cause, and can this problem be solved easily? […]

No Picture

Lithuanian analysts forecast better future for Russian economy than Russians do

The Russian Ministry of Economic Development is predicting that because of record low oil prices and Western sanctions, the economic crisis in Russia will continue for at least 3 years. […]

No Picture

Lithuanian exporters see no dangers in doing business with Poland

After Lithuanian economist Nerijus Mačiulis said recently that the new government in Poland made the country as unpredictable a business partner as Russia, Lithuanian businesspeople counter him by insisting they do not see any threats in doing business with the neighbouring country. […]