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Prime Minister: several ministers to be replaced in Cabinet reshuffle

Lithuanian Prime Minister Saulius Skvernelis says more than one ministers will be replaced in the Cabinet's reshuffle, which follows the return of powers to the new president, Gitanas Nauseda.

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Pulkauninkas resigns as chief forest officer

Marius Pulkauninkas is set to leave the post of Lithuania's chief forest officer on August 1 after handing in his second resignation letter to Environment Minister Kestutis Mazeika last Friday.

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Prime Minister expects LNG terminal charge to be cut in December

Lithuanian Prime Minister Saulius Skvernelis expects that the Energy Ministry's row with Achemos Grupe over plans to transfer Klaipedos Nafta's LNG business to a separate company will not prevent the government from taking decisions that are necessary for cutting the LNG terminal-related burden for consumers starting in December.

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Tele2 Lithuania revenues climb to SEK 648 mln in Q2

Mobile operator Tele2 Lithuania said revenues totaled SEK 648 … million.  During the quarter, Tele2 Lithuania migrated postpaid customers from legacy …

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Nida politicians make money by subletting public housing to tourists – LRT Investigation

While families in Nida, Lithuania's prime Baltic Sea resort, are waiting for social housing, members and friends of the town's administration are making money by subletting their municipality-owned flats to holidaymakers, the LRT Investigation Team has found.

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Mission Siberia team departs Vilnius to tend Lithuanian deportees' graves – photos

Participants of the annual Mission Siberia departed for Kazakhstan after a ceremony at Vilnius Railway Station on Wednesday.

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Lithuanian Railway will not terminate contract with Sigmen

Lithuanian state railway company Lietuvos geležinkeliai will not terminate its contract with Latvian company Sigmen, which is one of the region’s largest Russian width standard rail suppliers even though Lithuanian media had reported last month that the company is controlled by an ex-KGB officer Yuri Simonenkov, who may or may not have ties with Russia’s political leaders.

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Lithuania's Nausėda 'ready' to improve Belarus relations, despite nuclear plant 'in place'

Lithuanian President Gitanas Nausėda says he's ready to improve relations with Belarus, but vows to preserve the strict position on blocking power produced by the Astravyets nuclear plant.

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Lithuanian genetics study reveals new unique insights into our ancestry -

The latest study on Lithuanian genetics traces the origin and ancestry of the Lithuanian population and reveals unique findings.

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Swedbank's alleged links to Syrian chemical weapons programme 'being analyzed' by Lithuanian central bank

The Central Bank of Lithuania says it has no information to confirm claims by Swedish media on links between Swedbank group, its bank in Lithuania, and Syria's chemical weapons programme. However, the central bank is looking into information about the links with Syria.

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Nauseda to discuss future government with ruling parties

Lithuanian President Gitanas Nauseda plans to discuss the government formation with representatives of the ruling parties later this week, and also plans to seek the appointment of women to the new government.

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UK-based tech firm establishing developer team in Vilnius

The rapidly growing UK-based tech firm Velocity Black is establishing a developer team in its brand new technology centre in Lithuania’s capital Vilnius, Invest Lithuania announced.

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Central bank has no info on Swedbank's links to Syria's chemical weapons

The central Bank of Lithuania says it has no information to confirm claims by Swedish media about the links of the country's financial group Swedbank and its bank in Lithuania with Syria's chemical weapons program.

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Mission Siberia participants started their journey to Kazakhstan

Participants of the annual Mission Siberia left for Kazakhstan from Vilnius Railway Station on Wednesday.

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Lithuanian cabinet reshuffle will require additional vote in parliament

Lithuania's Prime Minister Saulius Skvernelis says that more than one minister will be replaced in his Cabinet as part of a reshuffle which follows the return of powers to the new president, Gitanas Nausėda.

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LRT

Bank of Lithuania

Delfi Business

  • Vilnius to buy 50 new buses for EUR 19 mln

    July 16th

    Vilnius will buy 50 new low-floor buses for 19.39 million euros from Adampolis, the Lithuanian partner of Germany's MAN, one of the largest bus and truck producers in the world, after it won the municipal tender.

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  • Viciunai establishes enterprise in Tbilisi hoping to double sales

    July 16th

    Viciunu Grupe (Viciunai Group), a business group controlled by Visvaldas Matijosaitis, mayor of Lithuania's second-largest city of Kaunas, has established a sales company, Vichiunai Sakartvelo, in the Georgian capital.

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  • Changes in option taxation prepared

    July 16th

    The Parliament of the Republic of Lithuania approved an amendment to the Law on Personal Income Tax submitted by the Ministry of the Economy and Innovation, which lays down more favourable conditions for option taxation – employees who have retained the shares of the company acquired through options for more than three years will not be subject to personal income tax, Startup Lithuania writes.

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  • Lithuania plans to set aside funds for deep radioactive waste repository

    July 15th

    Lithuania plans to start accumulating funds to build a deep repository for spent radioactive waste from its Ignalina Nuclear Power Plant, which is currently the only safe way to dispose of such waste.

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  • US experts checking Lithuania's egg producer

    July 15th

    US experts have on Monday started inspecting Lithuania's egg producer Baltic Egg Production, part of Lithuania's Viciunu Grupe business group, willing to export eggs and their products.

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  • Finance Minister: we need to finish started work

    July 15th

    Lithuania's Finance Minister Vilius Sapoka has so far declined to say if he plans to continue working in the Saulius Skvernelis government, underlying, however, that the started work needs to be finished.

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  • Available office space in Vilnius is set to double in coming years

    July 15th

    In recent years the average vacancy rate for offices in Vilnius has been about 3 percent, one of the lowest rates in Europe. The indicator’s remaining stably low for some time has led more and more real estate developers to focus on office expansion in Vilnius, and that means free office space in the Lithuanian capital will grow. The vacancy rate in Vilnius is forecast to gradually rise in coming years to the European average of 7 percent, international real estate advisors Newsec write in their “Vilnius Office Outlook” market report for the second quarter of 2019, Newsec writes in a press release.

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  • Court sanctions block of Sputnik's Lithuanian website

    July 12th

    A Vilnius court has on Friday sanctioned the block of Russian news agency Sputnik's Lithuanian website over copyright infringements.

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  • Drop in coal, oil flows stopped Lithuanian Railways from growing further

    July 12th

    Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) and its cargo subsidiary LG Cargo posted 226.7 million euros in revenue in January-June, up 2.3 percent from 221.7 million euros last year, based on preliminary figures.

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  • Business representatives: what new president should change?

    July 12th

    As Gitanas Nauseda is due to be sworn in as Lithuania's next president on Friday, BNS Lithuania has asked economists as well as business and trade union representatives on what the new president should do differently from Dalia Grybauskaite who has led the country for the past decade.

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