BNN - Baltic News Network

Business news portal Baltic News Network was launched on September 1, 2010, to provide objective and immediate information on both Latvian and global economic, social and politic events. The portal is available in three languages: Latvian, English and Russian.

Lithuania moves forward with tax and pension reform

The heavily amended bills on taxes and pensions will have a significant impact on the Lithuanian citizens’ lives if Seimas, the country’s legislature, approves for them in their current form.

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Week in Lithuania. Liberal Movement to turn to court over VSD statements

The board of Lithuania's Liberal Movement has decided to turn to court over information published by the State Security Department, allegedly damaging the party's reputation.

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Head of powerful Seimas committee: certain media outlets can be stripped of licenses

In a new twist of the prolonged scandal over the influence of the powerful business holding MG Baltic on Lithuania‘s politics for years through its own television channels LNK, BTV, TV1, Info TV and Liuks!, Vytautas Bakas, chairman of the powerful parliamentary Committee on National Security and Defence in a TV interview poured gasoline on the fire, proposing that certain media organisations acting against the state's interests must have their licenses revoked.

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Week in Lithuania. Lithuanian MEP Paksas starting new civic movement

Lithuania's impeached former president, MEP Rolandas Paksas is starting a new civic movement, which will likely be named «I Call the Nation», in reference to a popular song by Vytautas Kernagis, based on a poem by Bernardas Brazdžionis.

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Lithuania’s intelligence: Liberal party was the Trojan Horse of business giant MG Baltic

Lithuania has perhaps never seen this calibre political scandals like these ones grabbing the media headlines in recent weeks. First, the embattled former Liberals leader, Eligijus Masiulis, who is fighting influence peddling and corruption charges, made his personal correspondence with President Dalia Grybauskaitė public. The head-of-state goes as Tulip in the barrage of emails with Masiulis and the exchange reveals her heavy, some say, meddlesome engagement in the Lithuanian legislation.

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President admits leaked e-mail exchange with embattled politician, doubts authenticity

Lithuanian President Dalia Grybauskaitė has assumed this week a role that is downright uncharacteristic to her – that of defence. A set of screenshots of the correspondence between her and Eligijus Masiulis, the former Liberals leader, who is now fighting corruption, bribe and influence peddling charges, has everyone talking in the country about her.

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Week in Lithuania. Init fined for broadcasting Russian TV channel RTR Planeta

Lithuania's Radio and Television Commission (LRTK) on Wednesday, April 25, imposed a fine of 150,000 euros on the cable operator Init for defying its ban on retransmitting RTR Planeta and other versions of the Russian-language channel. LRTK in February imposed a one-year suspension on RTR Planeta for distributing content inciting to war and hatred.

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Lithuania: can alcolocks be a panacea to reckless booze-driven behaviour?

A horrible accident in which a 24-old girl sitting in a taxi was killed last weekend in Vilnius, when a rented City Bee car being driven by a DUI driver rammed into the cab, prompted a wave of new debates whether Lithuania, having waged war against alcohol-related maladies, ought to proceed with a law requiring to install ignition interlock devices in rental cars. And maybe not only in them.

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Week in Lithuania. Economists, trade unions cautious about tax, pension reform plans

Lithuanian economists and trade union officials say that the government's planned tax and pension system reform unveiled on Monday, April 23, will lead to a rise in wages, but will not help drastically curb emigration.

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Major political corruption case reaches court in Lithuania

A major political corruption case with involving MG Baltic, one of Lithuania's largest business groups, and two political parties, the Liberal Movement and the Labour Party, has reached Lithuanian court this week.

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Lithuania asks Russia to explain patrol ship’s breach of country’s border

Lithuania has submitted a note to Russia, requesting explanations regarding a border breach incident on Monday, 16 March, when a Russian patrol ship crossed the two country’s border and spent at least two minutes in Lithuania’s territorial waters.

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Week in Lithuania. Government to unveil new measures against shadow economy

The Lithuanian government will next week unveil a set of measures to counter the shadow economy, Finance Minister Vilius Šapoka said on Thursday, April 12.

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Lithuania’s middle class: if you make 1,000 euros, then you are in it

According to a new poll, every third Lithuanian resident views himself or herself as part of the country‘s budding middle class, but, well, who can claim the coveted spot?

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Week in Lithuania. First presumed presidential race contenders open up their plans

Lithuania's former diplomats Vygaudas Ušackas and Žygimantas Pavilionis on Friday, April 6, were the first to confirm their plans of running for early elections of the conservative party that will pick its candidate for president.

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Bill aiming to help young families with housing may be discriminatory

The Lithuanian Government‘s endeavour to support young families through subsidising of their housing may hit a snag – the lawyers from the Parliament’s Law Committee warn that the enactment of the piece of legislation from July 1, 2018, as foreseen would discriminate against the couples living out of wedlock. Statistically, nearly half of Lithuanian couples cohabitate, i.e. opt not to tight the knot.

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Russian ambassadors summoned in Poland, Estonia, Lithuania, report Russian agencies

Russian news agencies report that ambassadors of Russia have been summoned by Lithuania, Estonia and Poland.

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Rail cargo volumes between Belarus and Lithuania increased 15% last year

The Belarus railway company Belarusian Railway has estimated that freight volumes between the country and Lithuania have increased 15% in 2017.

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Week in Lithuania. Lithuanian parliament rejects idea of early election

Lithuania's parliament rejected the opposition initiative of early parliamentary elections in the first phase of discussion on Tuesday, March 20.

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Planned hospital reorganisation in Lithuanian regions irks both mayors and patients

If the plan of the Lithuanian Ministry of Health to overhaul treatment services in the provinces does not hit a snag, the rural hospitals will be soon providing only essential care and nursing, the focus will be on out-patient care and treatment will be available only in larger county hospitals.

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Vilnius chosen for office of game developer Lockwood Publishing from UK

UK's mobile game developer Lockwood Publishing has unveiled plans to open its first overseas office in Vilnius, pointing to the industry's talent in Lithuania and the wider region.

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