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Lithuania set to open talks with Norway on medium-range aircraft defense system

Lithuania set to open talks with Norway on medium-range aircraft defense system Lithuania's Defense Ministry on Friday decided to open talks with the Norwegian government on acquisition of medium-range missile defense systems NASAMS. "We have decided to open negotiations with the Norwegian government on possible purchase of ...

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Iranian FM to Begin EU Tour in Netherlands, Wrap Up in Lithuania

Iranian FM to Begin EU Tour in Netherlands, Wrap Up in Lithuania He will first head to the Netherlands, then Finland, then Sweden, and will complete the tour in Lithuania," a governmental source said. Neither the aims nor the agenda of the minister's visit have been specified. Ansari reportedly included Poland and ...

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Iran, Lithuania Urge Development of Ties

Iran, Lithuania Urge Development of Ties Iran and Lithuania have a lot to enhance and deepen mutual cooperation, and should properly tap into their potentials to open up a new chapter in bilateral relations, he added, calling for efforts to expand economic interaction, beyond mere trade ties.

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Lithuania's stance on Belarusian nuclear power plant safety described as inexplicable

Lithuania's stance on Belarusian nuclear power plant safety described as inexplicable Vladimir Makei said: “We cannot comprehend the reproaches voiced by Lithuanian partners about the safety of our nuclear reactor.” The Belarusian Minister of Foreign Affairs pointed out that after the necessary stress tests specialists have concluded ...

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Belarusian FM accuses Lithuania of double standards over NPP project

MINSK, May 27. /TASS/. Belarus' Foreign Minister Vladimir Makei has accused Lithuania of fanning political tensions around the construction of the Belarusian Nuclear Power Plant. "A virtual political orgy has been stirred up around this project in the ...

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From Dalia Grybauskaite, President of the Republic of Lithuania

I would like to take the opportunity to express my strong hope that positive dialogue between Lithuania and Azerbaijan as well as cooperation at the bilateral level and within the context of relations with the European Union will continue as an ...

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Lithuania looking to buy missile defence systems from Norway

Lithuania looking to buy missile defence systems from Norway Lithuania's Ministry of National Defence has decided to open talks with the Norwegian government on acquisition of medium-range missile defence systems NASAMS.

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Lithuania eyes buying air defence system from Norway-report

VILNIUS May 27 Lithuania seeks to acquire the NASAMS medium-range air defence system developed by Norway's Kongsberg Gruppen and U.S. defence contractor Raytheon , the Baltic state's defence minister told the BNS news agency on Friday.

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Maxima owner profits jump by 22%

Maxima owner profits jump by 22% 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.

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The Top 10 Lithuanian sportspeople of all time

The Top 10 Lithuanian sportspeople of all time Lithuania has produced many outstanding sportsmen and women so selecting a Top 10 sportspeople of all time is an almost impossible task. Here is our selection of the top Lithuanian sportspeople of all time and we want you our readers all around the world to choose who you think the Top 10 Lithuanian sportspeople of all time are.

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Jewish diaspora taking positive strides in reclaiming Lithuanian citizenship

A confluence of poor government policy implementation and underhanded representation of the Jewish community in Lithuania was until recently creating a toxic mix of frustration and tension with the Jewish diaspora. Considering the sizeable South ...

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Shearwater, Victoria divers detonate underwater mine in Lithuania

Petty Officer 2nd Class Evan Beaton from Fleet Dive Unit is lowered into the water using silent entry procedures for a mine search dive during Operation OPEN SPIRIT 2016. Joel Cormier/Submitted) Eight divers from Fleet Diving Unit in Shearwater and three divers from Victoria were in Lithuania with 12 other countries for Operation Open Spirit.

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Canadian divers detonate unexploded underwater mine in Baltic Sea

Divers from Shearwater and Victoria successfully detonated an unexploded underwater mine Wednesday in the Baltic Sea. Eight divers from Fleet Diving Unit Atlantic in Shearwater and three divers from Victoria were in Lithuania with 12 other countries ...

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German Foreign Minister visits Lithuania

German Foreign Minister visits Lithuania German FM Steinmeier while visiting Lithuania on Thursday said the sanctions on Russia are linked with Minsk agreement implementation .

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University of Education and Vytautas Magnus University to merge

University of Education and Vytautas Magnus University to merge Vilnius-based Lithuanian University of Educational Sciences and Kaunas-based Vytautas Magnus University (VDU) are planning to merge into one higher education institution by 2019.

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LRT

Bank of Lithuania

Lithuania Tribune

Economist

  • The appeal of the euro: SELL signals

    May 12th

    UK Only Article:  standard article Issue:  The war within Fly Title:  The appeal of the euro Location:  VILNIUS Main image:  Another blissful day in the euro zone Rubric:  Joining the euro is still attractive to some Another blissful day in the euro zone HAS the euro crisis dissuaded other countries from adopting the single currency? Not a bit of it. Since 2009, when euro-zone GDP shrank by 5%, four countries—Slovakia, Estonia, Latvia and Lithuania (let’s call them the “SELLs”) have joined. Their experience suggests that the euro still has its benefits, but also some familiar risks. Many thought that joining the euro would spur the SELLs’ foreign trade, by removing the friction of exchanging currencies. The Slovakian central bank, for example, predicted a boost of 50%. That was wildly over-optimistic: the euro has made little difference to Slovakia’s imports and exports. The problem may have been a confusion of cause and effect. ...

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  • The view from Vilnius: The link between pro-austerity and anti-Brexit

    April 27th

    IN RECENT years one of the most divisive issues in economics has been whether or not you see the Baltics as a success. When the financial crisis hit they decided to pursue what the IMF called "unprecedented fiscal and nominal-wage adjustment", in an attempt to preserve their currency pegs with the euro. A long debate has ensued as to whether the Baltics were right to do what they did, and whether countries like Greece, Portugal and Spain have anything to learn from them. Cue reams of graphs about output gaps, exchange-rate competitiveness and nominal-wage rigidity. I have been in Lithuania reporting on another story. Happily, Lithuania's economic and financial elite are now willing to talk about what they did during the crisis. The arguments they put forward are fairly convincing. The first concerns naked economics. When the crisis hit all the Baltics were "euroised", i.e. banking-system liabilities were heavily denominated in euros. The IMF has data on the proportion of private-sector loans denominated in foreign currency. The figures for Estonia, Latvia and Lithuania in 2010 were 90%, 90% and 80% respectively (i.e., high).Some economists say that the Baltics should have let their currencies devalue. Economists in Vilnius counter that had they allowed the currency to devalue, a banking-system crisis would have ensued (because the cost in litas of serving euro debt ...

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Topix

  • Neringa municipality set to block amber extraction for business needs

    May 26th

    As the Lithuanian Geological Service prepares to announce a tender for surveying of an amber deposit near the seaside resort of Juodkrante, the local Neringa municipality is considering the possibility to block amber extraction for business purposes, Lietuvos Zinios daily said on May 26th, cites LETA/BNS.... Read more...

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  • Latvijas Tilti not to sign agreement on reconstruction of quays at Klaipeda port

    May 24th

    Due to the long litigation process that took more than eight months during which prices have risen, Latvia's road and bridge construction company Latvijas Tilti will not sign an agreement on reconstruction of quays at the Lithuanian seaport of Klaipeda, informs LETA.... Read more...

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  • Lithuania of Dalia Grybauskaite as an example of poor government

    May 24th

    Performance of a country's president is best measured by the living standards of people, and they have fallen sharply in Lithuania of Dalia Grybauskaite over the past several years. The main reason why the Lithuanians have become so poor lies in the short-sighted policy of Mrs. Grybauskaite, whose decisions made as president, at least most part of them, run counter to the interests of the people in that country.

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  • Don't Close NATO's Door After Montenegro Just Because of Russia

    May 20th

    U.S. Air Force F-22 Raptor fighter jet lands at the Siauliai airbase, some 230 km east of the capital Vilnius, Lithuania, Wednesday, April 27, 2016. Two US F-22 fighters, which are part of the Operation Atlantic Resolve, a U.S. commitment to NATO's collective security and regional stability, arrived from their base in Britain as a show of force to help Baltic members protect their borders with Russia.

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  • 'Make Everything Great' - This mural of Trump kissing Putin is going viral

    May 19th

    A woman walks past a mural on a restaurant wall depicting US Presidential hopeful Donald Trump and Russian President Vladimir Putin greeting each other with a kiss in the Lithuanian capital Vilnius. Photo: PETRAS MALUKAS/AFP/Getty Images BERLIN, GERMANY, 2009: Visitors photograph graffiti by Dmitri Vrubel featuring Leonid Brezhnev and Erich Honecker kissing under the words, in Russian, 'Pomogi mne vyzhit' sredi etoy smertnoy lyubvi,' or 'My God, Help Me to Survive This Deadly Love,' during celebrations for the 25th anniversary of the fall of the Wall.

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