SEPANG, May 23 — A Lithuanian man was fined RM12,000 …
Europe’s first basketball venue marks 80th anniversary in Kaunas
Kaunas Sports Hall, a legendary venue that hosted the 1939 European basketball championship, opened 80 years ago.
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Lithuanian-owned payment services company Paysera … that the first STO in Lithuania was unsuccessful and, by the … group's expansion in Lithuania and other European countries. The …
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Open communication with market participants and the general public enhances the transmission of central bank policies and boosts their credibility, says Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, who is currently on an...
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The Seimas will drop all ongoing parliamentary investigations and will hand them over to the prosecutor's office if Lithuania's new president overhauls the prosecution system to ensure its independence, the ruling party's leader said after a meeting of the party's board on Thursday .
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By resolution of the Board of the Bank of Lithuania, UAB INVL Asset Management was imposed a €140,000 fine for two legislative breaches identified during its inspection.
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The Board of the Bank of Lithuania approved the regulations for the assessment of financial market participants through mystery shopping exercises. The exercise might be aimed at assessing financial services or products, including insurance and...
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The Lithuanian Farmers and Greens Union (LVŽS), the biggest party in the country's parliament, has endorsed the independent economist Gitanas Nausėda for Sunday's presidential runoff, the party's leader said on Thursday.
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The ruling majority and Seimas Finance Committee chairman Jakeliūnas,unable to pass a no-confidence motion against Vasiliauskas, chief of Bank of Lithuania.
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The Lithuanian author Daina Opolskaitė is among the 14 writers to be awarded the European Union Prize for Literature, the Lithuanian Association of Publishers said.
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Prosecutors have confirmed that they suspended, three weeks ago, a separate pre-trial investigation into the 1991 Soviet crackdown on Lithuania's independence movement.
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The Lithuanian Rowing Federation will make the bid for the country to host the 2023 World Rowing Championships.
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The Lithuanian Rowing Federation will make the bid for the country to host the 2023 World Rowing Championships.
May222019
Women in the Lithuanian Partisan war plaid a crucial role. They - belonged to the armed resistance units, gave an oath, had weapons, and lived illegally.
May222019
… has established a company in Lithuania. VTG Project Logistics Baltics was …
LRT
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Lithuanian government approves secure data network to fend off cyber threats
The Lithuanian government approved on Wednesday a list of institutions and organizations that will use a secure public data transmission network, developed in response to cyber-security threats. -
Lithuanian authorities adopt more aggressive tactics to fight money laundering
Lithuanian law enforcement authorities are changing tactics in their efforts against money laundering – suspect origins of funds are now enough to trigger an investigation, an official says. -
Plans for stricter rules on electric kick scooters in Lithuania
Electric kick scooters have been buzzing on the streets and sidewalks of Vilnius and other towns in Lithuania. Despite its many advantages, the new conspicuous mode of transport presents a safety hazard and has inspired calls for stricter rules. -
Ruling party would have better relations with Nausėda as president, leader says
If Gitanas Nausėda, an independent candidate, is elected president, relations will improve between the president's office and Lithuania's ruling party, the Lithuanian Farmers and Greens Union (LVŽS), according to its leader. -
Record-high temperatures reported in some Lithuanian areas; extreme weather three years in a row
The mercury rose to record-highs in some areas in Lithuania on Tuesday. -
Russia relies on local criminals in Donbass, Galeotti says in Vilnius
The Russian state “cannot afford to run operations itself, and therefore have to rely on structures” built on private individuals, said Mark Galeotti from the Royal United Services Institute (RUSI) during the ninth Sakharov conference in Vilnius on Tuesday. -
International investigation busts Lithuanian-led arms-smuggling gang
Lithuanian police were part of an international investigation that exposed a 22-person gang involved in illegal trade of arms and drugs. -
Russian, Ukrainian tycoons avoid flight ban by landing in Vilnius
After Ukraine banned non-regular flights from and to Russia in April, private planes of tycoons from the two countries started landing in Vilnius for several minutes to avoid the direct flight ban, the 15min.lt news website reports. -
No real threat during alleged near plane collision in Lithuania, probe finds
Several planes got too close over Lithuania's southern city of Marijampolė in April, but there was no real threat, Lithuania's state-run enterprise Oro Navigacija (Air Navigation) said on Tuesday following an internal investigation.
Bank of Lithuania
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€200,000 fine for insider dealing
The Supervision Service of the Bank of Lithuania has concluded that Linas Strėlis, member of the board of AB Vilkyškių pieninė and AUGA group, AB, has used inside information to enter into transactions on the acquisition and sale of shares of AB...
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€25 thousand fine for trading during a closed period
The Bank of Lithuania concluded that Julius Kvaraciejus, chairman of the board of AB Pieno žvaigždės, who had indirectly conducted a transaction in the said company’s shares during a closed period, breached the provisions of the EU Market Abuse...
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Bank of Lithuania’s supervisory activities acknowledged as effective by financial market participants
The Bank of Lithuania is a competent and objective institution, conducting effective supervision of the financial market. This view is shared by the absolute majority of the country’s financial market participants who have expressed their opinion in...
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Increased exports of goods led to a decrease in the current account deficit
Balance of Payments of the Republic of Lithuania March 2019
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Nordic and Baltic financial supervisors enhance cooperation to fight money laundering
Heads of the Nordic and Baltic financial supervisors met today in Stockholm. They agreed on measures to enhance the cooperation between the authorities with the aim of fighting money laundering and terrorist financing.
Topix
Delfi
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Students took over the biggest Kaunas shopping mall: how “playing” business could shape future career?
In today’s world, entrepreneurial mindset and competences such as teamwork, creativity, communication skills and critical thinking become more and more important. But these skills are impossible to obtain through theory only. The international organization “Junior Achievement” (JA) gives school pupils the possibility to learn such skills while practicing in a Company Programme, which simulates a real business setting in a school environment. During the international student company trade fair “Innovative Business 2019” on 27-29 March in Kaunas, famous business leaders and start-up mentors shared their thoughts on what abilities are essential for young entrepreneurs.
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Ukraine’s Autocephaly: first results and possible influence on Orthodox world
Nearly three months ago, on January 6, Patriarch Bartholomew signed the Tomos of Autocephahy for the Ukrainian Orthodoxy. Though the whole process of granting autocephaly took less than a year – Ukraine’s President Petro Poroshenko appealed to the Ecumenical Patriarchate in April 2018 – the “healing of the schism” seems to be requiring much more time as the reconciliation between former schismatics and the Orthodox Church, which used to be the only canonical one in Ukraine, can’t happen in one moment.
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Special ceremony for the Humanist of the Year Award at the Embassy of Finland in Lithuania
On March 26, 2019, the Ambassador of Finland to Lithuania HE Christer Michelsson and Mrs Ebba Michelsson, in co-operation with The Rogatchi Foundation hosted a special celebration and reception on the Humanist of the Year 2018 Award for prominent Lithuanian film director Saulius Beržinis.
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U.S. Ambassador: NATO is stronger with Lithuania, and Lithuania is stronger as a part of the Alliance
Over the past year, Lithuania has marked historic anniversaries that have brought into focus both how much Lithuania has overcome in the past decades and how much this nation has accomplished. Today I join all Lithuanians in celebrating one such accomplishment. On this date 15 years ago, Lithuania joined the North Atlantic Treaty Organization (NATO), arguably the most successful political-military alliance in history, an alliance that has helped to bring security, peace, and prosperity to hundreds of millions of people across Europe and North America. In a remarkably short amount of time, Lithuania has become a true leader within this alliance. I want to congratulate the people of Lithuania on this tremendous milestone. NATO is stronger with Lithuania as a member, and Lithuania is stronger as a part of the Alliance.
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Ramūnas Bogdanas. Fear of vaccination lives on since the 19th century
The first electrical lamp in Lithuania was lit on April 17, 1892 in the morning in Rietavas. Only 13 years had passed since it had been invented.
Other sources
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Germany's rail logistics giant VTG sets up company in Lithuania
… has established a company in Lithuania. VTG Project Logistics Baltics was …
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Lithuania watches as Kaliningrad starts power grid isolated operation test
… write LETA/BNS. Lithuania';s power transmission … trading capacities on Lithuanian-Kaliningrad interconnectors will be … the process, noting that Lithuania is unable to purchase … smoothly," she added. Lithuania imported 4.63 terawatt-hours …
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Lithuania to choose between two "worthy candidates" in presidential race
The outgoing Lithuanian President, Grybauskaite. Vilinius: Lithuanians are "lucky" as … here. According to Grybauskaite, the Lithuanian people expect stability, peace and … percent. Advance voting in the Lithuanian presidential runoff and the European …
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Lithuania's FL Technics doubles profits to EUR 11 mln in 2018
… Avia Solutions Group owned by Lithuanian businessmen Gediminas Ziemelis, earned 10 …
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Lithuania's Rakauskas investors to split business
Lithuanian investors Augustinas Rakauskas and his … two investors have turned to Lithuania';s Competition Council for …
Baltic News Network
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Week in Lithuania: PM clears no-confidence vote, top Court slaps LFGU, councillor fined for slander
Last week, Lithuania suffered upset in 2019 Eurovision Song Contest; PM Saulius Skvernelis survived a vote of no-confidence by the ruling LFGU; the Constitutional Court ruled that the Seimas breached law in dealing with public broadcaster LRT.
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Vilnius prospects dim unless it clusters with Kaunas, says investment expert
In the eyes of mayor investors, Vilnius’ prospects remain dim if it does not agglomerate. An investment expert suggests that the Lithuanian capital should expand and merge to an extent with Kaunas, the country’s second-largest city.
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Lithuania’s ruling party wants Skvernelis to continue as Prime Minister
Saulius Skvernelis, the Lithuanian head of government, who failed to reach the runoff in the Lithuanian Presidential election and had pledged to step down from office, has received the support of his Union of Farmers and Greens in a confidence vote.
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Next Lithuanian President be elected in run-off between Šimonytė and Nausėda
The Lithuanian presidential election has produced no clear winner. With ex-Finance Minister Ingrida Šimonytė and economist Gitanas Nausėda showing the best results, the two with face each other in a run-off later this month, while defeated Prime Minister Saulius Skvernelis has announced his resignation.
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Week in Lithuania: new government in the offing, drug smuggler freed, VAT remains unchanged
Last week, the opposition Conservatives considered three possible scenarios if the ruling Farmers and Greens Union fulfilled its promise to leave the government if two elections go bad on them; a Columbian drug smuggler suspected of having been unlawfully released from jail; new attempts to reduce VAT fail.