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.
Linas Jegelevičius When it comes to ice hockey, this May has been starkly different for Lithuania and Latvia. Having lost to South Korea, the former has dropped into a lower league, IB, and the latter has risen to the dizzying dazzle of stardom, winning bronze in the 2023 IIHF ice hockey world championship that was […]
The post BNN ANALYSES | Will Lithuania ever stand up to Latvia on the ice hockey rink? appeared first on Baltic News Network.
Linas Jegelevičius Just recently, Jonė, a dweller of Vilnius with the salary of 1200 euros, would have paid a 450-euro mortgage for her nearly 40-square-meter apartment in a sleepy district of the Lithuanian capital. But with Euribor skyrocketing, her financial liability has increased by a whopping 150 euros, to 600 euros. “I am very jittery […]
The post BNN ANALYSES | Lithuanian CB’s proposal of fixed-rate mortgages thumbed down by some analysts appeared first on Baltic News Network.
In Vilnius, real estate developers got rid of a hundred-year-old oak tree that grew in the center of the construction site, thus causing a sharp reaction in society, and Lithuanian politicians have also expressed their condemnation, writes the Lithuanian public media LRT. The President of Lithuania, Gitanas Nausėdas, has called the cutting down of a […]
The post Cutting down an oak in Vilnius causes a scandal appeared first on Baltic News Network.
Clothing swap events are becoming more and more popular in Lithuania, and organizers believe that they encourage a sustainable lifestyle and remind us of the impact of mass fashion on the environment, Lithuanian public media LRT writes. Karolina Sakolovska recently organized a clothing exchange event in Trakai and invited those who want to clear out […]
The post Lithuanians on the way to choose sustainable fashion appeared first on Baltic News Network.
The Lithuanian government has taken several important decisions that affect both domestic political developments and cooperation with other countries, for example, for faster joining the common Western European electricity grid. Scandal in municipalities shakes up the govenrment As the scandal entangling many municipal politicians heats up in Lithuania, it might evolve into a political crisis, […]
The post Week in Lithuania: Government sees a shake-up; President says he will seek re-lection in 2024 appeared first on Baltic News Network.
Linas Jegelevičius The much-touted premier Baltic railway project, Rail Baltica, seemingly braces for the new deadline of completion, in Lithuania at least – 2030. “We are set to be done with it by then and thus we would be the first among the other Baltic States to complete the project, before the official EC deadline,” […]
The post BNN ANALYSES | Rail Baltica chugs forward in Lithuania, yet the new project completion date set appeared first on Baltic News Network.
A diplomatic scandal almost broke out in Lithuania this week when an opposition MP published his thoughts on Israel’s actions in its occupied territories on his Facebook account; meanwhile, the Lithuanian army plans to purchase several hundred trucks. Lithuania reports 69 new COVID-19 cases, no deaths Lithuania recorded 69 new coronavirus infections and no deaths […]
The post Week in Lithuania: No reason to remove Ukrainian flag on Seimas Facebook; Lithuanian and Portuguese presidents meet appeared first on Baltic News Network.
Linas Jegelevičius The revelation of the Communist Party membership in the late 1980s has tangibly scathed the incumbent Lithuanian president, Gitanas Nausėda, however, it has not seemingly been a lethal blow to the head of the state. According to Vilmorus, a Lithuanian pollster, every fifth respondent thumbed down Nausėda following the disclosure, sinking his popularity […]
The post BNN ANALYSES | Nauseda sees a dent in support after Communist Party membership revelation appeared first on Baltic News Network.
In Lithuania, tripartite negotiations between the government, employers and workers on raising the minimum wage have begun, meanwhile, Lithuanian President Gitanas Nausėda continues negotiations on the deployment of a German army brigade in Lithuania. Defence ministry plans to allocate over 3 billion euro for ammunition acquisition Lithuania’s Defence Ministry announced on Thursday, the 27th of […]
The post Week in Lithuania: President signs law on migrant pushback; clears doubts about the procurements appeared first on Baltic News Network.
Linas Jegelevičius Likewise the other two Baltic nations, Lithuania, has been angered and infuriated by China’s ambassador in Paris who questioned the sovereignty not only of Ukraine, but all the former Soviet Republics including the Baltic States. When asked whether he considered the peninsula of Crimea, which was annexed by Russia in 2014, part of […]
The post BNN ANALYSES | Lithuania condemns China envoy’s remarks, ends scandal abruptly appeared first on Baltic News Network.
Despite the fact that the Lithuanian government stopped issuing visas to citizens of Russia and Belarus soon after the start of the war in Ukraine, last year more residents of these countries arrived in Lithuania than before, writes LRT. Sasha (name changed) came to Lithuania from Moscow last year and plans to stay in Lithuania […]
The post Number of Russian citizens in Lithuania continues to grow appeared first on Baltic News Network.
Linas Jegelevičius This week in Lithuania, the government experienced various events – the parliament managed to vote on the cancellation of the president’s veto on sanctions against Russians and Belarusians, while the deputy finance minister left his post. Zelensky will attend the NATO summit in Vilnius NATO Secretary General Jens Stoltenberg has confirmed that Ukrainian […]
The post Week in Lithuania: Parliament overrides veto on sanctions; technical glitch stops the work of Seimas appeared first on Baltic News Network.
Linas Jegelevičius Lithuanian politicians who assumed a bellicose stance towards China fail to heed local business interests and furthermore – make then uncompetitive, says Arūnas Laurinaitis, vice president of the Confederation of Lithuanian Industrialists (LPK). According to him, Lithuania, having razzed China, will be the only one left without cheap raw materials. He insists that […]
The post BNN ANALYSES | Industrialists’ executive rings alarm bells: businesses suffer without Chinese market appeared first on Baltic News Network.
The Organization for Economic Cooperation and Development (OECD) has announced that Lithuania needs to publish statistics on whistleblowers, while the Lithuanian Finance Minister has called for expanding sanctions against Russia. An Embassy employee detained inebriated A Nigerian Embassy employee has been caught drink-driving and has also damaged the road surface and a pillar in Vilnius, […]
The post Week in Lithuania: President denies contact with the KGB; Central Bank will not supplement the budget appeared first on Baltic News Network.
During the NATO summit, flights at the Vilnius airport will be suspended, and restrictions will be imposed in the airspace for almost a week, which will also apply to small-sized aircraft, writes the Lithuanian public media LRT. The Ministry of Transport and Communications of Lithuania informed on Friday, the 14th of April, that NATO security […]
The post Vilnius airport to suspend flights during the NATO summit appeared first on Baltic News Network.
In Lithuania, the chairwoman of the Central Election Commission has resigned this week, while the Seimas has proposed establishing stricter responsibility for violating sanctions; meanwhile, the fight against illegal migrants continues on the border with Belarus. Lithuania reports 219 new COVID-19 cases, two deaths Lithuania recorded 219 new coronavirus infections and two deaths from […]
The post Week in Lithuania: Endorses stricter accountability for sanction violations; offshore wind farm tender launched appeared first on Baltic News Network.
Linas Jegelevičius Belarus, Lithuania’s next-door neighbor, has confirmed it will host Russian tactical nuclear weapons, saying the decision was a response to Western pressure and what it alleges is a military-build up by NATO member states near its borders. Although analysts say that Vladimir Putin’s announcement is just another attempt to raise the stakes in […]
The post BNN ANALYSES | Major General: Not Lukashenko, but Putin will make the call appeared first on Baltic News Network.
Linas Jegelevičius Lithuania still feels pressure from the side of the Belarusian border, and Turkish citizens who illegally brought immigrants across the border will have to stand trial, while the Lithuanian pharmacy network will still have to pay an impressive fine for violating the principles of competition. PM calls for swift, reality-based decisions to contain […]
The post Week in Lithuania: Social Democrats win most mayoral races; President urges o slam Russia with new sanctions appeared first on Baltic News Network.
The Seimas of Lithuania is considering amendments to the Law on the State Language, which will stipulate that the self-employed must also be able to communicate in Lithuanian, writes the LRT. The amendments will have a special impact on those foreigners who work in Lithuania using apps that allow you to order trips. However, the […]
The post Self-employed foreigners in Lithuania will have to know national language appeared first on Baltic News Network.
Linas Jegelevičius Lithuania’s Finance Ministry finally unveiled a tax reform earlier this week, triggering an avalanche of backlash and indignation from tax experts, politicians, and the public alike. It definitely will not be a mere tempest in the teapot – some even predict that, if the ruling Conservatives, officially Homeland Union- Lithuanian Christian Democrats (HU-LCD) […]
The post BNN ANALYSES | Unveiled tax reform proposals ignite firestorm in Lithuania appeared first on Baltic News Network.
