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Is Europe World War 3 Prepping? Germany Mulls Conscription, Lithuania Arms, More Nations Prepare, But For What?

Is Europe World War 3 Prepping? Germany Mulls Conscription, Lithuania Arms, More Nations Prepare, But For What? In a related development, Lithuania ordered 88 armored troop carriers from Germany to bolster its somewhat meager defenses, UPI reported. As one of the Baltic States, it is one of the vulnerable potential targets of the Russian Army, according to experts.

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Building a fence brings community, military together in Lithuania

Building a fence brings community, military together in Lithuania Army Reserve Soldiers from the 7th Mission Support Command helped coordinate the construction of a new fence and gate and sign for the local 'infant' or 'baby' orphanage with USAR Soldiers from the 412th Theater Engineer Command and Lithuanian ...

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Lithuania considers suing Belarus over Astravyets nuclear plant

Lithuania considers suing Belarus over Astravyets nuclear plant Lithuania is considering filing a lawsuit against Belarus over the unfair and extremely cheap construction of the Astravyets Nuclear Power Plant, Energy Minister Rokas Masiulis says.

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Mobile Angels to develop augmented reality app in Lithuania

Mobile Angels to develop augmented reality app in Lithuania Innovative Russian software solutions start-up Mobile Angels, which specialises in mobile apps that use augmented reality technology, is setting up operations in Lithuania. The company aims to establish a team of 25 highly qualification information systems specialists in Lithuania within three years. The news comes on the back of the successful launch of the company’s most recent project, a mobile app for skiers with augmented reality functions.

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Amber tourism offers untapped opportunities for Lithuania - Neringa mayor

Amber tourism offers untapped opportunities for Lithuania - Neringa mayor Amber trinkets and souvenirs are bountiful in Lithuanian souvenir shops and, if you are lucky, you can find pieces of amber washed on the Baltic shore after a storm. However, Lithuania could make better use of the 'Baltic gold' to attract more tourists, the mayor of Neringa believes.

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Lithuania considers lawsuit against Belarus over Astravyets N-plant

Lithuania considers lawsuit against Belarus over Astravyets N-plant VILNIUS - Lithuania may file a lawsuit against Belarus over concerns of the poor-quality and inexpensive construction of the Astravyets nuclear power plant, Energy Minister Rokas Masiulis has said, stressing that the plan is in its early stages. He ...

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TonyBet pushes into Lithuania with NYX OGS

TonyBet pushes into Lithuania with NYX OGS This is the first operator launch for NYX Gaming Group in the regulated market of Lithuania which gives NYX the ability to deliver its portfolio of slots and table game titles across desktop and mobile from NYX's wholly owned subsidiary NextGen Gaming.

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Nordea and DNB merger 'makes sense' - banking analysts

Nordea and DNB merger 'makes sense' - banking analysts The announcement this week that two Nordic banks, Nordea and DNB, are merging their operations in the Baltic states does not come as a surprise, banking analysts say.

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Russian Mobile Angels to develop augmented reality app in Lithuania

Innovative Russian software solutions start-up Mobile Angels, which specialises in mobile apps that use augmented reality technology, is setting up operations in Lithuania. The company aims to establish a team of 25 highly qualification information ...

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Lithuania's most influential people in sports and pop culture

Lithuania's most influential people in sports and pop culture Basketball legend Arvydas Sabonis, the head of the Lithuanian Basketball Federation, tops the list of most influential sports and pop culture people in Lithuania compiled by DELFI.

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NYX Gaming Partners TonyBet for Lithuania Launch

NYX Gaming Partners TonyBet for Lithuania Launch TonyBet is actually the first gambling operator to go live in Lithuania since the country's market was regulated. Under its latest content distribution agreement, NYX Gaming is now able to deliver slot titles and table games across multiple channels ...

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Lithuanian PM admits that new Labour Code may not come to pass

Lithuanian PM admits that new Labour Code may not come to pass In the run-up to the general elections in October, leaders of Lithuania's ruling parties would prefer to end the discussions on the new Labour Code vetoed by the president – a possibility is not ruled out that the current version of the law will remain in effect.

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Lithuania and Poland 'share understanding of geopolitical challenges' - Grybauskaitė

Lithuania and Poland 'share understanding of geopolitical challenges' - Grybauskaitė Lithuania and Poland understand the geopolitical challenges in the same way, Lithuania's President Dalia Grybauskaite said on Thursday after her first bilateral meeting with her Polish counterpart Andrzej Duda.

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Charms and superstitions of pagan Lithuanians

Charms and superstitions of pagan Lithuanians Lithuania remained pagan until the late Middle Ages and, as such, was an object of curiosity as well as hostility for Christian Europe. Paganism, wrote thirteenth-century Franciscan scholar Bartholomew the Englishman, was "ritus mirabilis". Christian scholars who described pagan rituals did not shy away from negative stereotyping, although sometimes their writings give neutral, almost ethnographic descriptions.

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To accumulate sustainable capital, credit unions must significantly improve their operating results

In Q2 2016, compared to Q1, the credit union loan portfolio increased by almost a tenth. The growth of the loan portfolio was driven by consistently increasing crediting of natural persons. Nine credit unions were the most active, granting loans designated for  consumption, housing, agriculture...

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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

  • Semiannual information for the first half of the year 2016

    August 19th

    Siauliai, Lithuania, 2016-05-20 08:19 CEST -- Siauliu Bankas AB, company code 112025254, domicile address Tilzes st. 149, LT-76348 Siauliai.

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  • First DoubleTree Coming to Lithuania

    August 12th

    Hilton Worldwide and Viciunai Group have signed a franchise agreement to bring the DoubleTree by Hilton brand to Lithuania for the first time. Construction of the DoubleTree by Hilton Vilnius City Center is set to begin this year in Vilnius, the heart of the Lithuanian capital.

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  • Crafty fox steals man's car keys in middle of forest as hapless...

    August 9th

    Donatas Petraitis had been trying to lure the animal towards him after he spotted the cute animal while driving on a road through a forest. He got out of his car to try to catch it on video, and as the footage, captured near Anyksciai in Lithuania, shows he can be heard gently encouraging it to come nearer so he could get a better view of it.

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  • Nomeda Kazlaus: Azerbaijan's first lady did much for country's entire culture

    August 5th

    The 8th International Music Festival kicked off July 30 in Azerbaijan's Gabala city and continues on Aug.5. World-renowned musicians and performers are taking part in the festival organized by the Heydar Aliyev Foundation. Speaking with Trend, Kazlaus said that she visited Baku for the first time and expressed gratitude to Azerbaijan's ambassador to Lithuania Hasan Mammadzade for the invitation.

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  • School Wars

    August 3rd

    Kids, teachers, even the president agree: Lithuania's alarming level of school bullying is just one of many ills that are spreading misery across society. Fed up with the incessant bullying their son endured at school for his flamboyant clothes, feminine features, and presumed homosexuality which earned him the derogatory moniker "Exit" the boy's parents hoped that by sending him 40 kilometers away to a new school, he would start a new life free of bullying.

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