Dalia Grybauskaitė
Politics

Lithuanian president delivers State of the Nation address: The world is not a peaceful place

Lithuanian President Dalia Grybauskaitė made her annual State of the Nation address at the Lithuanian parliament, Seimas, on Thursday. In her speech, the president mostly focused on national defence, security challenges stemming from Russia‘s aggressive policies, as well as emigration of working-age population. Grybauskaitė also stressed the need to work more on addressing social issues, particularly in childcare institutions. […]

Klasmann-Deilmann
Economy

Klasmann-Deilmann to expand production capacity in Lithuania

The Germany-based Klasmann-Deilmann Group has announced EUR 11 million worth of investments in Klaipėda County, Lithuania. The company is to build a further state-of-the-art production line for manufacturing peat products and growing media for the worldwide commercial-horticulture sector. Its intended expansion of an existing factory at the Šilutė site includes plans for high-performance mixing, screening and packing facilities, a research laboratory and an experimental greenhouse for product development. This will involve the creation of at least 20 new jobs over the next three years. […]

No Picture
Economy

Ten times fewer millionaires in Lithuania after euro adoption

After Lithuania adopted the euro, the number of millionaires – i.e., people with assets of over one million – in the country has gone down ten times. […]