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. […]

Darius Mockus
CORPORATE

D. Mockus on R. Karbauskis’ goals – to put it mildly, we’ll see

One of the richest and most influential businessmen in the country, the president of the MG Baltic concern Darius Mockus is sceptical of the Lithuanian Peasant and Greens Union (LVŽS) plans to instate an alcohol […]

Sweden
CORPORATE

Will bursting of real estate bubble in Sweden send ripples across Baltics?

With glaring signs of overheating in Sweden‘s real estate market, Lithuanian experts offer contrasting opinions about whether a bust in Sweden would send ripples across the Baltic Sea. Lithuania’s banking sector is dominated by Scandinavian […]

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. […]

NordBalt kabelį tiesiantis laivas
Energy

NordBalt cable lying safe on bottom of Baltic Sea

All cable-related works on the NordBalt power interconnection have been completed in the Baltic Sea. The 400km submarine cable connecting Lithuania and Sweden has been protected from vessel anchors and fishing equipment along its most vulnerable sections. […]