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Rosatom becomes tool of geopolitical pressure - Minister of Energy in US

Rosatom becomes tool of geopolitical pressure - Minister of Energy in US Rosatom, Russia's state corporation that is building nuclear power plants in Europe, Asia and Middle East, is turning into an instrument of geopolitical pressure, Lithuanian Energy Minister Rokas Masiulis said during his visit to the United States.

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Police reports major breakthrough in probe of cyber attacks

Police reports major breakthrough in probe of cyber attacks Lithuania's police has reported a major breakthrough in the investigation of wide-range cyber attacks conducted against websites of the country's institutions last spring.

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Church urges voters to support politicians defending Christian family views

Church urges voters to support politicians defending Christian family views Lithuania's Catholic Church on Friday urged the community to vote for the politicians who support Christian views of families.

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ELECTIONS. Frightening pace of emigration – what will be done?

ELECTIONS. Frightening pace of emigration – what will be done?

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Most leaders of Seimas election lists back same-sex partnerships

Most leaders of Seimas election lists back same-sex partnerships If ordinary members of Lithuania's next parliament back the ideas of their leaders, the country may adopt a historic decision to legalize homosexual relations within the next four years.

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Lithuania pays last respects to former Israeli President Peres

Lithuania pays last respects to former Israeli President Peres Lithuania on Friday is paying last respects to late Israeli President Shimon Peres.

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ELECTIONS. Only takes 5 minutes to wish the debate to end

ELECTIONS. Only takes 5 minutes to wish the debate to end

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ELECTIONS. Observations on the Labour Party programme

ELECTIONS. Observations on the Labour Party programme

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ELECTIONS. Linkevičius and Ažubalis debate foreign policy

ELECTIONS. Linkevičius and Ažubalis debate foreign policy

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Forming of Government could depend on parties’ speed on ELECTIONS night

Forming of Government could depend on parties’ speed on ELECTIONS night

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5% of hacker attacks threaten Lithuania's national security

5% of hacker attacks threaten Lithuania's national security Lithuania's state institutions are subjected to thousands of attempted cyber attacks on a daily basis, including hundreds constituting a medium threat and at least 5 percent constituting a serious threat, says Rimtautas Černiauskas, director of the National Cyber Security Center.

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Grybauskaitė recognises 46 Lithuanians who saved Jews in WWII

Grybauskaitė recognises 46 Lithuanians who saved Jews in WWII President Dalia Grybauskaitė yesterday awarded the Life Saving Cross to forty-six Lithuanian citizens who risked danger to save Jews from probable death in Nazi-occupied Lithuania during World War II. Of the forty-six, only two were still alive to receive the award in person.

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Lithuania agrees LNG supply deal with US' Koch for 2017

Lithuania agrees LNG supply deal with US' Koch for 2017 US-based Koch Supply & Trading will supply Lithuania's state-owned Lietuvos Duju Tiekimas with LNG in 2017, according to a press release from the latter company September 28. Koch has agreed to supply 2 million MWh (about 138,000 mt/year) in 2017, ...

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US new ambassador arrives in Lithuania

US new ambassador arrives in Lithuania The United States' new Ambassador to Lithuania Anne Hall has arrived in Vilnius, the US Embassy said on Thursday.

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ELECTIONS. Parties programmes on education

ELECTIONS. Parties programmes on education

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  • 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

  • A14 Vilnius-Utena highway approved for EIB financing

    September 27th

    A Public Private Partnership project to reconstruct the A14 Vilnius-Utena highway has received approval from the European Investment Bank and is set to receive financing from the European Fund for Strategic Investments .

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  • AB " emaitijos pienas" dividend payment procedure for a period...

    September 20th

    AB "Zemaitijos pienas" dividend payment procedure for a period shorter than one financial year, i.e. first half of 2016 AB "Zemaitijos pienas" dividend payment procedure for a period shorter than one financial year, i.e. first half of 2016 The extraordinary general shareholder's meeting of AB "Zemaitijos pienas" which took place on 16 September, 2016 decided to divide the profit of the first half of 2016 and distribute The dividends will be distributed among those shareholders who become or remain shareholders of AB "Zemaitijos pienas" by the end of the tenth working day after the general shareholder's meeting, i.e. The company will transfer the dividends, after deduction of personal income tax or corporate income tax in accordance with the laws of the Republic of Lithuania, to the shareholders, whose securities accounts are managed by brokerage companies or credit institutions, ... (more)

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  • Rickmers Maritime to Restructure Debt

    September 16th

    Singapore-listed Rickmers Maritime, which owns and operates containerships, said on Thursday it was seeking noteholders' support to restructure debt worth S$100 million in a bid to avoid potential liquidation. The business trust also said it was unable to repay $179.7 million of senior debt due March 2017.

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  • Wilh. Wilhelmsen sees extended Weak RO/RO Market

    September 16th

    Car and truck shipper Wilh. Wilhelmsen Asa made the following remarks and announcements on it's capital markets day on Thursday: * Expects fundamentals in car/truck carrier shipping market to remain weak for another 2-3 years * CEO Jan Eivind Wang says capacity utilisation globally is around 80 pct * CEO says 80 pct is not good enough and we need to operate around 90 pct * Lower utilisation is a combination of a drop in the market, specially in the high and heavy which are hit by the collapse in the commodity market leading to cut in investments * In addition there are more newbuildings * Expects activity in mining industry to pick up gradually but not to the level seen at the peak in 2012 * CEO says WWASA has somewhat higher utilisation than the 80 pct average globally * Due to weak and rapid change in the market WWASA has decided to merge its companies with Wallenius, announced on ... (more)

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  • Asia Dry Bulk-Capesize Rates Steady

    September 15th

    Holidays in Asia likely to dampen chartering activity; Outlook still "slightly positive" for fourth quarter. Freight rates for large capesize dry cargo ships on key Asian routes could hold steady around current levels next week in a quiet market, ship brokers said on Thursday.

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