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 things in Lithuania in 2023 just do not seem rosy for most, Nerijus Mačiulis, chief economist of Swedbank Lithuania, has stirred a buzz this week by claiming that the country will shun an economic crisis this year and, if recession comes, it will be mild and short-term. ««What we predict is not […]
The post BNN ANALYSES: Can Lithuania beat all odds with the world economy in doldrums in 2023? appeared first on Baltic News Network.
Linas Jegelevičius This week, Lithuania has paid special attention to defense issues, and preparations have begun for the planned NATO summit in July, during which it is planned to host up to five thousand participants. Vilnius hosts annual Snow Meeting of security policy experts Vilnius hosted on Friday, the 20th of January, the annual Snow […]
The post Week in Lithuania: Scammers collect information on Ukrainian refugees, Teltonika signs contract with Taivan appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius Lithuanian President Gitanas Nausėda after his meeting with World Trade Organization’s Director-General Ngozi Okonjo-Iweala said that China is «softening its stance». But Lithuanian industrialists and analysts disagree with the notion, calling it «wishful thinking.» «One-sided recognition of Taiwan by allowing it to open a Taiwanese representative office in Vilnius in 2021 has been […]
The post BNN ANALYSES: Vilnius says that Beijing is softening its stance appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius The Lithuanian company is planning the construction of a solar panel park in Latvia, in the vicinity of Jēkabpils, while the Ignalina NPP is preparing for the dismantling process by signing a contract with the world’s leading experts. Zelensky addresses the Freedom Prize ceremony Lithuania has not betrayed freedom for a minute, which […]
The post Week in Lithuania: Celebrates Freedom Defenders Day, Lithuanians will build a solar panel park in Latvia appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
The Court of Justice of the European Union reports the decision was made to maintain in force the verdict with which Lithuanian state railway company Lietuvos geležinkeliai was fined EUR 20.069 million for demolishing Mažeiķi–Reņģe railway section. Complying with the decision of the European Commission (EC), Lithuania did restore the railway section. In February 2020 […]
The post Europe maintains fine on Lithuania for removing Mažeikiai-Reņģe railway section appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius A working parliamentary group, chaired by the Seimas Social Affairs and Labour Committee (SRDK) chairman, Justas Džiugelis, has proposed that parliamentary parties sign «a national agreement», recognizing demographic decline as a national threat. The working group of the Seimas, the Lithuanian parliament, to solve labour market problems has been active for almost a […]
The post BNN ANALYSES: Deteriorating demographics in Lithuania must be deemed threat to national security appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
More than 200 persons in Lithuania have been recognized as Defenders of Freedom in the last 18 months after this status was enshrined in law, writes the Lithuanian public media LRT. In January 1991, Gediminas Jankus was among those who guarded the Lithuanian parliament building to prevent the Soviet army from entering it. He was […]
The post New honorary titles confuse Lithuanian society appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
The Interior Ministry of Lithuania has announced a basketball-themed campaign that calls on the public to prepare for various crises – war, nuclear disasters and other emergencies, Lithuanian public media LRT reports. Daiva Ulbinaitė, the press secretary of the Lithuanian Interior Minister Agnė Bilotaitė, told the media that she very much hopes that no one […]
The post A campaign to prepare society for crisis situations is starting in Lithuania appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Banks are already demanding higher interest rates for loans, but are not in a hurry to raise them for savings, and Lithuanian financial regulators point out that this is not correct, writes Lithuanian public media LRT. The European Central Bank raised interest rates four times last year, and commercial banks raised their customers’ payments accordingly. […]
The post The difference in interest rates for loans and savings is criticized in Lithuania appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius Last week, Defence Ministry proposed to shorten military service to 6 months, Transport Ministry and Lithuanian Railways signed a 10-year contract. Lithuania’s economic sentiment down in December Lithuania’s economic sentiment indicator, which measures confidence in the economy among producers, consumers, and investors, slid from minus 14,8 in November to minus 11,9 in December, […]
The post Week in Lithuania: Seimas vice-speaker calls for publicly naming firms that do business with Russia appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
In response to the worsening of the Covid-19 situation in China, Lithuania, together with other European Union (EU) countries, is reviewing safety recommendations, writes Lithuanian public media LRT. EU experts decided to call on member states to require Covid-19 tests for passengers arriving from China. However, Audrius Ščeponavičius, head of the Public Health Department of […]
The post Lithuania will follow EU recommendations on travelers from China appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Russia’s violent war in Ukraine has been going on for more than ten months, and Lithuania’s cultural sector is rethinking its relationship with Russian culture, Lithuanian public media LRT writes. In December, Ukrainian Culture Minister Oleksandr Tkachenko called on Western countries to refrain from promoting and consuming Russian culture. He noted that Russia is actively […]
The post Lithuanians: Tchaikovsky is also a weapon of Moscow appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius In Lithuania, the last week of the year brought various news – some happy news, others not-so-pleasant news, and along with thoughts about the creation of an army division, changes have also affected a school in Klaipeda. Lithuania reports 471 new COVID-19 cases, one death Lithuania recorded 471 new coronavirus infections and one […]
The post Week in Lithuania: watchdog slaps fines on real estate agencies, bank raises 307,000 euros for Ukraine appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius The pre-holiday week in Lithuania is marked by important government decisions affecting both business and education. Agreements were also signed to increase security and promote development in Lithuania. FSRU Independence can be registered in Lithuania The Lithuanian Seimas on the 22nd of December approved more flexible regulation of the composition of ships’ crews […]
The post Week in Lithuania: Seimas approves compulsory school tests. 96 million euros investment in technology park in Vilnius appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius The Lithuanian legislature, the Seimas, has greenlit this week 37 million euros for compensation for Jewish private property expropriated by the Nazis and Soviets in an overwhelming majority. 72 MPs voted in favour, six against, and two abstained when voting for the amendments to the Law on Good Will Compensation for the Property […]
The post BNN ANALYSES: Lithuania will compensate expropriated Jewish private property, but Skvernelis bristles appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Specialists from Lithuania, Poland and Ukraine have studied Russian disinformation techniques during the war and warn that countries must coordinate actions to fight propaganda, Lithuanian public media LRT writes. The Lithuanian government plans to create a center that will fight Kremlin propaganda. At the moment, the Russian media is focusing attention on the demolition of […]
The post Lithuania is creating a new strategy to fight disinformation appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Last week, Seimas inched towards decriminalizing small amounts of cannabis, demarche to France over Macron’s comments on Russia’s signed. Lithuania signs $495-million contract with US for HIMARS systems On the 15th of December, Lithuanian Defence Minister Arvydas Anušauskas met with the US Defence Secretary Lloyd Austin in Washington and signed the contract for acquiring High […]
The post Week in Lithuania: Fertiliser producer ceases production again. Court starts hearing in pollution case appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Lithuanian Defense Minister Arvydas Anušauskas met with US Defense Minister Lloyd Austin in Washington on the 15th of December, and signed an agreement on the purchase of HIMARS, Lithuanian public media LRT writes. Lithuania plans to buy eight High Mobility Artillery Rocket Systems (HIMARS) from the United States, along with various types of missiles, including […]
The post Lithuania signs a multimillion dollar contract to acquire HIMARS appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
Linas Jegelevičius for the BNN The Lithuanian parliament, the Seimas, has adopted this week a law phasing out what it calls the promotion of «totalitarian and authoritarian regimes and their ideologies» in public places. The legislation will obligate all the municipalities to tear down Soviet-era monuments in the country, as well as change the names […]
The post BNN ANALYSES: Lithuania to remove monuments, but should the Russian language be phased out? appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
On Thursday, the 15th of December, Baltic States – Latvia, Lithuania, Estonia – and Poland blocked the new package of anti-Russian sanctions proposed by the European Union. The reason is because western nations suggested making exports of animal feeds and fertilizers an exception, said Lithuanian Minister of Foreign Affairs Gabrielius Landsbergis. He said inclusion of […]
The post Lithuanian minister: Baltic States and Poland block new anti-Russian sanctions appeared first on Baltic News Network - News from Latvia, Lithuania, Estonia.
