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Nordic countries pledge closer military cooperation in face of Russian aggression

Norway, Sweden, Denmark, Finland and Iceland have announced a joint declaration on Friday, pledging to step up military cooperation among themselves and the Baltic states, AFP reports. […]

Politics

Group of MPs want Lithuanian government to pick a fight with Norway over children’s welfare

A group of Lithuanian legislators, mostly conservatives, want the government to pick a fight with Norway over kids taken from Lithuanian immigrant families by Norwegian child services. […]

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Foreign affairs

Lithuanian diplomats ask Norwegian authorities to allow to see child that was taken from mother

The Ministry of Foreign Affairs of Norway has promised Lithuanian Ambassador in Oslo Izolda Bričkovskienė to put every effort to officially confirm that a seven-year-old Lithuanian boy who was returned from Sweden is indeed in Norway. The boy’s mother attempted to take her son out of Norway, where the two lived. Swedish diplomats have said that Lithuania was not informed about the return of the child because his place of residence has not been declared in Lithuania. […]

PZU Lietuva
Economy

Norway’s insurer Gjensidige to buy PZU Lithuania

Norwegian insurance company Gjensidige Forsikring ASA agreed to acquire 99.88 percent of the shares in PZU Lietuva from PZU SA for EUR 54 million. The Group’s market share in the Baltics will increase from 7 percent to 13 percent. The market share in Lithuania will increase from 7 percent to 21 percent, Gjensidige said in a press release. […]

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Newsweek: Putin makes his first move in race to control the Arctic

In November, the Russian K-550 nuclear ballistic submarine Alexander Nevsky, submerged in the Barents Sea between Russia and the North Pole, successfully launched a missile that travelled its prescribed course to Kamchatka in Russia’s far east. The Alexander Nevsky thus joins two other Russian nuclear submarines, which have, in the course of the autumn, conducted successful ballistic missile tests. […]

Barclays building in Vilnius
Economy

Forum Business Magazine: Building a back office in the Baltics

Moving operations to low-salary Baltic countries became popular in the 1990s. Now, translocation has changed in nature: it focuses more on services than on production. The data here speaks for itself. […]