Ramūnas Karbauskis with his lands and tale of “everything is legal” is nothing new in the Lithuanian skies – there have been greater scandals in the country’s politics and business. Figures appearing in the middle […]
Certain state owned companies are overflowing with funds, cannot handle their appetites and fail to perform their core duties. This is what Seimas Commission of Energy chairman Virgilijus Poderys is convinced of. He states that […]
The founders of Lithuania’s largest business group are clashing – did the Vilnius Akropolis office building contain a special room or not? A safe which held the businessmen’s gold and large sums of cash. Minor […]
Lithuanian Finance Minister Vilius Šapoka has sacked Dainoras Bradauskas, head of the State Tax Inspectorate (STI), after a commission set up by the ministry recommended firing him for corrupt activities and gross official misconduct. […]
Prosecutors have announced that they are discontinuing an investigation into alleged tax evasion by shareholders of VP Group, one of the biggest companies in Lithuania that owns several shopping malls and the Maxima supermarket chain. […]
Vilniaus Prekyba, the owner of Lithuanian supermarket chain Maxima, drugstore chain Eurovaistinė and the DIY-chain Ermitažas, posted profits of €101 million last year, up 22% on 2014. […]
Akropolis shopping malls have changed hands within VP Group after Vilniaus Prekyba took them over from a Maltese company in a €400 million deal despite opposition from a shareholder. The three shopping malls in Lithuania, […]
The move of billionaire Nerijus Numavičius, Lithuania’s wealthiest person, to the UK has raised questions about how the tax agreements between the two countries, designed to avoid double taxation, will apply in Numavičius’ case. […]
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