Gitanas Nausėda
Politics

About the status of G. Nausėda, the Chief Advisor of the President of SEB Lithuania, the letter by MP Ž. Pavilionis

Mr. Peter Wallenberg, President of Wallenberg Foundations AB, and Mr. Magnus Schöldtz, Senior Advisor on international and government affairs.Your Foundation is one of the largest and most respectable investors in our country’s economy. I can bravely say that you are symbolizing investment in the Baltic countries from Scandinavia. This investment not only helped us to develop economic, but also the democracy in our country. […]

Lithuanian stand in the Munich (Germany) Fair, which will take place June 26-29
Economy

90 our of 100 universities in the world request Lithuanian lasers

One of the things Lithuania is best known for is the laser industry. While perhaps not at the very pinnacle of the industry, the country does not compare all too poorly against highly developed states such as the USA, Germany, France, China and others. And at the same time the industry shows no signs of slowing down, with growing sales and increasing numbers of manufacturers, which should keep Lithuania within the top echelon of the laser industry. […]

Lithuania's electricity transmission company's logo - Litgrid
Energy

Memorandum on Baltic synchronization should be signed in June

Lithuania and the other states of the Baltic Sea region should sign a memorandum of understanding in June on synchronization of the Baltic states with continental Europe via Poland. The document should give an impetus to the preparations for synchronized work of the networks. […]

Economy

Nordic bubble ‘a hazard’ to Lithuanian banking

While banks in Lithuania are resilient enough to possible shocks in the financial markets, a possible burst of the real estate bubble in Scandinavia presents a potential hazard, according to Lithuania’s central bank. […]

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CORPORATE

Lithuanian exporters to beat Russian embargo to grow strongly in 2016

Lithuanian exports grew by 2.6% last year, excluding oil products, despite the Russian embargo on many Lithuanian goods, with exports to Russia falling by more than 50%. […]

Nordbalt cable
Energy

NordBalt to provide more energy security for 6m people in Baltics

Two months remain until the completion of the biggest joint Swedish and Lithuanian project NordBalt. In December the electricity produced in Scandinavia will be transmitted directly to Lithuania for the first time in history. King Carl XVI Gustaf and Queen Silvia of Sweden along with the President of Lithuania Dalia Grybauskaitė evaluated the NordBalt implementation progress while visiting the construction site of the NordBalt high voltage direct current (HVDC) converter station in Klaipėda. […]

Rokas Masiulis
Energy

Minister Masiulis: NordBalt opens Scandinavian electricity market surplus for Lithuania and Latvia

The 453-kilometer long 700 megawatt NordBalt power interconnection is one of the most important projects in the history of Baltic countries’ energy sectors. Although the submarine cable is laid between the coasts of Lithuania and Sweden, the project will equally benefit to Lithuania and Latvia,” said the Minister of Energy, Rokas Masiulis, to Latvian reporters during a meeting in Klaipėda. […]

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Society

Lithuania steps up patrols on Polish border due to illegal migrants

Lithuania has stepped up patrol on its border with Poland after spotting a new refugee route from Southern Europe to Scandinavia, and has also taken other undisclosed measures, Renatas Požėla, head of the country’s State Border Guard Service, said in an interview with BNS on Thursday. […]