LitPol Link
Energy

Litgrid borrows EUR 65m from European Investment Bank

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power line from Alytus to Kruonis PSHP (Pumped Storage Hydroelectric Plant), Litgrid said in a statement. […]

Central European countries' flags in Kaunas
Opinion

V4 divergences: symptom of a deeper crisis in Europe?

The spread of the Ukrainian crisis has aroused strong reactions of the USA and the European Union against Russian interference in Ukrainian politics. Russia is a strategic market for Europe and the close trades and financial links have pushed the European Union in the direction of a more moderate and careful response, at first. Because of the stalemate in the dialogue between Moscow and Kiev and the threat of a Russian military intervention in Ukraine, the EU has aligned its plan sanctions against Russia with the USA one, between July and September. […]

No Picture
Global LT

Over 600,000 Lithuanians live abroad

More than 619,000 Lithuanians live abroad, show statistical data published by the Lithuanian Statistics Department on Friday. One in five of the expatriates live in the United Kingdom. […]

Dujotiekis
Energy

Lithuania’s energy security investment equals loss to hypothetical gas embargo, study finds

If, hypothetically, Russia imposed a gas embargo on Lithuania and the country would have to look for alternatives at a 50-to-100-percent surcharge, then in the first year of such an embargo Lithuania’s economy would lose LTL 1.6-1.9 billion (EUR 467-550 million), which is about what the country has invested in the pipeline connections with Poland and the LNG terminal. […]

Dalia Grybauskaitė and Toomas Hendrik Ilves
Uncategorized

Lithuanian president: Jets near Baltic air-space are sign of Russian stupidity, not power

The increasingly frequent Russian provocations by flying its military jets close to the Baltic air-space shows “stupidity, not power,” says Lithuanian President Dalia Grybauskaitė. […]

Defence

Lithuanian soldiers training to operate air defence missile systems GROM in Poland

Purchased for arming the Lithuanian Armed Forces and enhancing defence of its subdivisions and objects against air attacks, the first portion of man-portable air defence system (MANPADS) GROM is due to arrive in Lithuania by the end of this year. Four Lithuanian soldiers are currently deployed in Poland for learning to operate the system, the Ministry of National Defence said. […]

"The Independence" replica
Uncategorized

Minister of Energy offers Ukraine help in building LNG terminal

Lithuanian Energy Minister Rokas Masiulis has offered to supply natural gas to Ukraine and to help the country in building a liquefied natural gas (LNG) terminal. […]

Adam Michnik
Politics

Lithuanian parliament awards Freedom Prize to Polish journalist

Editor-in-chief of Polish newspaper Gazeta Wyborcza, dissident Adam Michnik has been awarded the 2014 Freedom Prize, the Lithuanian parliament said on Tuesday. […]