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Lithuania buys 168 M577 command vehicles from Germany

Lithuania buys 168 M577 command vehicles from Germany Speaking after signing the deal, the commander of Lithuania's Logistic Support Command, Lieutenant Colonel Ramunas Baronas, said, "The Lithuanian Armed Forces is buying command, indirect fire support, medical evacuation, and training M577 armoured ...

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EIB to support construction of new CHP plant in Lithuania

EIB to support construction of new CHP plant in Lithuania The Mazeikiai Oil Company in Lithuania. The Baltic country, which has strived to boost energy independence from Russia, is also trying to reduce emissions with the construction of new CHP plant. Author. New Europe Online/KG By New Europe Online/KG ...

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Andriukaitis – we (SocDems) are in a deep crisis

Andriukaitis – we (SocDems) are in a deep crisis Lithuanian delegate to the European Commission, Social Democrat Vytenis Povilas Andriukaitis says that the Social Democrat party is in a deep crisis after the elections. He is critical of the choice of ministries by the party and says that the Social Democrats should focus on the ministries of social security, education and healthcare.

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What’s left from tax reform; a look at new Govt’s programme

What’s left from tax reform; a look at new Govt’s programme

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New Govt program features less clarity on taxes, future of pension funds

New Govt program features less clarity on taxes, future of pension funds The program of the coalition government of the Lithuanian Peasant and Green Union and the Social Democratic Party no longer features specific proposals on planned tax reform, also giving a vague idea of the possible changes of the pension scheme.

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Lithuania releases manual advising citizens on what to do if Russia invades

Lithuania releases manual advising citizens on what to do if Russia invades Lithuania releases manual advising citizens on what to do if Russia invades. Move comes amid concerns Russia could attempt to seize control of Baltic region. Tom Porter. By Tom Porter. December 5, 2016 11:21 GMT. Lithuanian infantry soldiers ...

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Lithuanian Railway chief views resignation as best decision in life

Lithuanian Railway chief views resignation as best decision in life Stasys Dailydka who resigned from the post of CEO of Lietuvos Geležinkeliai (Lithuanian Railways, or LG) last week says it was the best decision he had made in life.

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Lithuanian speaking Marine in love with the homeland of his parents

Lithuanian speaking Marine in love with the homeland of his parents US Marines are rare guests in Lithuania. However, this year among those several hundred, who participated in international exercise Iron Sword 2016, one met a Marine colonel, who impressed locals not only by his impressive height and stern look, but also with his name and fluent Lithuanian language skills.

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Lithuanian police searching for suspected spy

Lithuanian police searching for suspected spy Vilnius police is searching for a suspected spy, the Vilnius County Central Police Commissariat said.

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NGOs call for protection order against domestic violence

NGOs call for protection order against domestic violence Lithuanian non-governmental organizations providing support to victims of domestic violence will seek that the country's laws stipulate a protection order against violence.

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Steponavičius suspends Liberal Movement membership

Steponavičius suspends Liberal Movement membership Lithuanian MP Gintaras Steponavičius on Monday said he was suspending membership in the Liberal Movement after it turned out that he was questioned as a special witness in a probe of political corruption.

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Seimas founds May 3 Group for natl minority policies

Seimas founds May 3 Group for natl minority policies Lithuania's parliament last week established a group for national minority policies, naming it May 3 Group in honor of the historic legacy of the Polish-Lithuanian Commonwealth.

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Pagojus steps down from consumer watchdog chief, suspends SocDem membership

Pagojus steps down from consumer watchdog chief, suspends SocDem membership Julius Pagojus, a member of the ruling Lithuanian Social Democratic Party who has come under criticism for drunk driving and attempts to avoid penalty, has announced plans to step down from the post of director of the State Consumer Rights Protection Authority and suspend his LSDP membership.

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Lithuanian diplomats send defense message to US new administration

Lithuanian diplomats send defense message to US new administration Lithuanian diplomats met with members of the United States' future administration in Washington D.C., emphasizing Lithuania's efforts to step up defense capacities in the past few years.

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Seimas starts discussing updated National Security Strategy

Seimas starts discussing updated National Security Strategy Lithuania's parliament is opening discussions into the updated National Security Strategy, a document that was last revised in 2012.

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LRT

  • Lithuania sold M14 rifles donated by the US

    November 17th

    Due to miscommunication between the state institutions Lithuania sold at a bargain the M14 sniper semi-automatic rifles handed over to the Lithuanian army disregarding the signed agreement (in 1999 and in 2002) banning re-sale of the donated weapons.

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  • The new Lithuania’s Seimas starts work

    November 15th

    After years on the margins of the Lithuanian politics, having only one member in the old Parliament, Peasants and Greens won a decisive victory in the October elections, and today among 141 parliamentarians who made their oaths 54 represent the Peasants and Greens party.

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  • ‘Peasants’ and SocDems sign the ruling coalition treaty

    November 9th

    After years on the margins of Lithuanian politics, having only one member in the old Parliament, Peasants and Greens won a decisive victory with 54 out of 141 mandates and today signed a coalition deal with former governmental Social Democratic party, which lost the elections, but agreed to join the coalition with their 17 mandates leaving in opposition Conservatives and Liberals, who put up a solid performance in the elections.

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  • LRT crew at the Trump supporters’ house in Pennsylvania

    November 4th

    On Wednesday, the Lithuanian Television reporters visited the Trump house in Pennsylvania, where his supporters try to swing voters into Trump’s camp.

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  • US presidential elections: LRT journalists report from Ohio

    November 3rd

    LRT journalists visited Youngstown in Ohio swing State, on Tuesday. Supporters of Democrats outnumbered Republicans by several times, but this time they are slipping towards Trump.

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  • Peasants-Greens start talks on formation of the ruling coalition

    October 25th

    Leaders of the winning Peasants-Greens Union, Karbauskis and Skvernelis, met the President Dalia Grybauskaitė. Later she met the leaders of the conservative Homeland Union Kubilius and Landsbergis.

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  • Peasants and Greens win the 2016 Seimas Elections

    October 24th

    SAULIUS SKVERNELIS, leader of Peasants-Greens electoral list, former chief of police and former Minister of Interior: Political parties that declared and still declare their wish to initiate changes in the state and to implement them, especially at the time that we face demographic challenges, poverty, so if all this is not just words, then clearly it is a possibility to agree and work together. But if the question is only about political posts and election results, then probably there will be less of those possible coalition partners.

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  • Results of the first round of Lithuania’s Parliamentary Elections

    October 10th

    With 98 percent of the polling stations having counted ballots, the two non-ruling parties received almost an equal part of the vote.

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  • Vilnius to host first ever international Shared Service Centre Conference in the Baltics

    October 10th

    Vilnius, which has seen its service centre cluster develop strongly in recent years, is to host the first ever international shared service centre conference in the region. The Baltic SSC Conference, which will take place October 12-13, will be attended by more than 60 industry professionals from ten countries.

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  • Early vote in the 2016 Parliamentary Elections

    October 5th

    On Wednesday, Lithuania started early voting for Parliamentary elections scheduled for 9 th October, with ruling Social Democrats challenged by oppositional Conservatives and Green.

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Bank of Lithuania

  • Credit union sector operating at a loss this year

    November 30th

    The data for the third quarter of 2016 shows that the credit union sector is operating at a loss this year – EUR 4.4 million in losses were incurred. The loss-bearing activities were due to a further decline in credit union income and rise in expenses. The Bank of Lithuania, in preparation for the restructuring of credit unions, is carrying out a review of credit unions’ asset quality.

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  • Survey of the balance sheet of Monetary financial institutions, October 2016

    November 28th

    The Bank of Lithuania's holdings of debt securities issued by euro area residents increased by EUR 431.8 million, while loans to euro area residents decreased by EUR 2.7 million over the month. These indicators amounted to EUR 5.9 billion and EUR 543.0 million respectively at the end of the month.

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  • Number of people late to repay payday loans continues to drop sharply

    November 24th

    Positive trends in the payday loan market continued into the third quarter of this year: payday loans that people are late to repay were dropping sharply in number. Following a sharp decline in borrowing volumes at the beginning of the year, in the second half-year they remain at similar levels...

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  • Balance of Payments of the Republic of Lithuania, September 2016

    November 14th

    In September 2016 the country’s balance of payments recorded an excess in the balance of services and secondary income, which resulted in the formation of a EUR 53.1 million surplus in the current account balance.

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  • Banking survey: Loan portfolio to continue growing, but slower than previously expected

    November 3rd

    The latest survey of banks operating in Lithuania shows that, in the third quarter, they lent to businesses more actively and for longer terms. Banks did  not, in essence, change the conditions for residents’ borrowing for house purchase and do not intend to do so in the near future...

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