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Lithuania’s Klaipėda overtakes St Petersburg in container traffic, says port CEO

Klaipėda has become one of the largest container ports in the eastern Baltic Sea region following a collapse in shipment...

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Earth turning into ash as Lithuania hit with intense drought

At least a third of crops are expected to be lost as Lithuania’s farmers battle with an intense drought. Forest fires ar...

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LRT fails to elect director general

On Tuesday, the 12-member council of Lithuania's National Radio and Television (LRT) failed once more to elect its direc...

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Has Ukraine's long-awaited counteroffensive finally begun? Maybe

For weeks now, along the nearly 1,000-kilometre Ukrainian frontline that stretches from the northeastern city of Kharkiv...

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Lithuania moves to ban fur farming

On Tuesday, the parliament voted approved a proposal to ban the breeding, rearing and killing of animals for their fur, ...

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Domas Dargis to head the Board of Proptech Lithuania

Last Friday was marked by significant changes within the ecosystem of Proptech Lithuania. Some of the strongest players in the real estate market, including Eika, Civinity, and Eastnine, joined the community, and a new board was elected, with Mr. Domas Dargis, CEO of EIKA, as Chairperson. The Centre for Sustainable Innovations ROCKIT and the Lithuanian Real Estate Development Association (LREDA) became strategic partners of the Association.

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Gas prices for consumers in Lithuania to decrease

On Tuesday, Lithuania's National Energy Regulatory Council approved plans to cut natural gas prices for households by 4-...

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Lithuanian parliament votes against holding snap elections

On Tuesday, the Lithuanian parliament voted down a proposal to hold a snap parliament election on September 10.

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Lithuania to install drone traffic management system

Lithuania's state-owned air navigation service provider, Oro Navigacija (Air Navigation), will install a drone traffic m...

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LVŽS and LSDP promise to support snap election

On Tuesday, the Lithuanian Parliament will decide whether to hold a snap election amid the municipal expenses scandal. However, views of political parties diverge on the issue.

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Landsbergis: terrorists do not stop unless they are stopped

International media has reported that in the early hours of Tuesday water started spilling from the Nova Kakhovka dam on the Dnipro River in southern Ukraine. Ukraine’s military said Russian forces blew up the dam. Lithuania’s Foreign Minister Gabrielius Landsbergis reacted to the news by reiterating that Russia has to be stopped.

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Standard & Poor’s affirms Lithuania's credit rating at A+

International credit rating agency S&P Global Ratings has left Lithuania's long-term borrowing rating unchanged at A+ wi...

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Šimonytė congratulates Sweden celebrating its National Day

Prime Minister Ingrida Šimonytė is sending a message of greetings, on behalf of the Government and the people of Lithuania, to Sweden celebrating its National Day, said the prime minister’s press service.

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Lithuania to set up Green Finance Institute

The Ministry of Finance said on Monday that Lithuania is to set up a Green Finance Institute for the smooth transition to a green economy, efficient use of renewable energy resources and to become a regional leader in the field of green finance.

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Man detained in Vilnius after throwing trash at Russian Embassy

A man who threw a bag with trash into the territory of the Russian Embassy was detained in Vilnius, police reported on T...

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  • Domas Dargis to head the Board of Proptech Lithuania

    June 6th

    Last Friday was marked by significant changes within the ecosystem of Proptech Lithuania. Some of the strongest players in the real estate market, including Eika, Civinity, and Eastnine, joined the community, and a new board was elected, with Mr. Domas Dargis, CEO of EIKA, as Chairperson. The Centre for Sustainable Innovations ROCKIT and the Lithuanian Real Estate Development Association (LREDA) became strategic partners of the Association.

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  • Electricity price in Lithuania down by 12%

    June 5th

    On 29 May-4 June, compared with the previous week, wholesale electricity price in Lithuania and Latvia decreased by 12% to EUR 67.97/MWh. In Estonia, the price dropped by 19% to EUR 54.46/MWh.

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  • Natural gas prices in GET Baltic on the way to normal range

    June 5th

    The Baltic and Finnish natural gas price index BGSI fell below the EUR 30/MWh threshold at the end of May, with the monthly BGSI reaching EUR 37.20/MWh. This is the first time that gas prices have been this low since the start of the energy crisis, reports natural gas exchange operator GET Baltic.

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  • Nearly a third of Lithuanians are pensioners

    June 4th

    A total of 882.1 thousand people in Lithuania received at least one type of pension at the end of 2022, according to preliminary estimates from the State Data Agency.

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  • In Estonia, average wages and salaries were EUR 1,741 in Q1

    June 3rd

    According to Statistics Estonia, the average gross monthly wages and salaries in the first quarter of 2023 were 1,741 euros, which is 13.3% higher than at the same time last year. The median wages, however, were 1,424 euros. The average real wages in the first quarter of 2023 were 1,443 euros, 3.2% lower than last year.

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  • Lithuanian households’ agreed maturity deposits with credit institutions up by a fifth in last three months

    May 31st

    Deposits of Lithuanian residents with credit institutions fell by EUR 238.6 million or 0.6% in April over the month, the Bank of Lithuania said, presenting the monetary financial institution (MFI) balance sheet and interest rate data.

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  • More Lithuanian companies are expected to attract Taiwanese investments

    May 30th

    Several more Lithuanian high tech companies are expected to receive Taiwanese investments, says Head of the Taiwanese Representative Office in Lithuania Eric Huang.

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  • Lithuanian Airports looking for operator of flights between Vilnius and London City airports

    May 29th

    In 2022, the Ministry of Transport and Communications of Lithuania, together with external consultants, prepared a plan to promote flights to destinations which have strategic importance for Lithuania. Now, Lithuanian Airports are introducing a new incentive model and launching an international call for application from airlines to participate in the selection process for the operator of scheduled flights between Vilnius (VNO) and London City (LCY) airports, the company said in a press release.

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  • Turnover of retail trade and catering enterprises up by 1% in April

    May 27th

    In April, the turnover of retail trade enterprises increased by 0.1 percent, that of food and beverage service enterprises decreased by 2.6 percent, reports the State Data Agency of Lithuania.

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  • Lithuanian Airports set records in April as passenger traffic grew

    May 24th

    With the continued growth in air passenger traffic, almost half a million passengers were served at Lithuanian airports in April, and the total number of aircraft was even higher than in the same period in 2019, when the peak of flights was recorded. Kaunas Airport is showing the most impressive growth, continuing to improve its all-time record, while Palanga is seeing an increase in both passenger and cargo flights, Lithuanian Airports said in a press release.

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