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 gives banking license UK technology «unicorn» Revolut

British digital payment firm Revolut, which has been valued at 1.5 billion euros, has been granted a banking licence in Lithuania, providing the firm the chance to work in the European Union regardless of Brexit.

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Week in Lithuania. Prosecutors mull probe into Russia sanction violations

Lithuanian prosecutors announced this week they were mulling launching a pre-trial investigation in to the purchase by around ten companies of fertilizers from Russia's Minudobreniya, which allegedly violates the EU's sanctions against Russia.

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Lithuanian PM suspects Kremlin-backed opposition behind teacher attacks

The nearer municipal council, presidential and EP elections, the more sparkles Lithuania’s political leadership spews out. With the linguistic weaponry exhausted in the Seimas, the party leaders seek help from intelligence services.

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Lithuania adopts budget, not raising pay to protesting teachers

The Lithuanian Seimas has passed the state budget for 2019, which includes more funds for defence, while not taking into account the funding demands of striking teachers.

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In pictures: Mass demonstration in Vilnus in solitarity with teachers’ strike

A large protest has been held in Vilnius, with many Lithuanians gathering in solidarity of a teacher strike currently held by over thousand workers of schools and kindergartens across the Baltic country.

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Week in Lithuania. President signs decrees on three ministers’ dismissal

President Dalia Grybauskaite on Friday, December 7, signed decrees to accept the resignations of Jurgita Petrauskienė as education and science minister and Liana Ruokytė-Jonsson as culture minister and to dismiss Kęstutis Navickas from the post of environment minister.

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Lithuania’s striking teachers remain defiant, the Education ministry under siege

An unprecedented strike-turned-into-a-siege did not produce this week any relief for parties involved, as the group of around 20 teachers remained embedded in the Lithuanian Ministry of Education and Science and the authorities were visibly getting more upset about the lingering mess that already cost Jurgita Petrauskienė, the minister, her job.

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Week in Lithuania. Government set to raise teachers’ pay only in 2020

Lithuania's government on Thursday, November 29, proposed to trade unions that an agreement of political parties on raising teachers' pay should be signed. But due to failure to make any decision on teachers' salaries, the negotiations at the Ministry of Education and Science were postponed.

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Badmouthing against legendary partisan costs Klaipėda politician a Council seat

Where is the delicate boundary between freedom of speech and outright calumny? A member of Klaipėda City Council, Viaceslav Titov, paid a costly price for what court has found to be slander.

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Germany to help fund Lithuanian tank firing range

As Lithuanian Armed Forces seek to modernise a training area in Pabradė, Germany has pledged to allocate up to a million euros for procuring mobile target lifting system for training tank and armoured equipment live fire while in maneuver. The funds will be allocated to Lithuania under the programme of the Government of Germany for investments into long-term Lithuania’s security.

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Week in Lithuania. PM expects EU commission’s approval for food vouchers

Lithuanian Prime Minister Saulius Skvernelis says there should be no problem obtaining the European Commission's approval for a food voucher system that was approved by the government on Wednesday, November 21. The plan is to allocate food coupons to families with preschool-age children at the initial stage of the scheme.

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How would Lithuanian President flee if Russians invaded?

Lithuanian President Dalia Grybauskaitė has been facing heavy criticism at home after failing to arrive to the festivities of the centenary of Latvia's statehood.

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NATO appreciates Lithuania’s defence spending as showing example

Lithuania's significant increase in defence spending has been praised by NATO Secretary General Jens Stoltenberg as an example this week.

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Lithuania’s corruption buster: firms donating to hospitals stand better chance in tenders

The majority of the winners of the tenders organised by major Lithuanian hospitals have expressed their gratitude to the health providers by making donations to them in the form of financial support.

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Week in Lithuania. Conservatives pick Simonyte as presidential candidate

Lithuania's opposition conservative Homeland Union – Lithuanian Christian Democrats has picked MP and former Finance Minister Ingrida Simonyte as the party's presidential candidate in a primary election held last weekend.

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Analysts: a new economic crunch is probable but Lithuania can handle it

There are still no clear reasons to send calls of distress, but media, that one in the Baltics too, is abuzz - pundits say is a new economic downturn might not be far. Yet when it comes to assessing the scope of it, the predictions vary as much as the garden-variety experts.

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Vilnus erects female traffic lights to mark 100 years of women’s suffrage

The city of Vilnius has set up new traffic lights with female symbols instead of the common unisex symbols to mark the 100th anniversary of women's suffrage in Lithuania.

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Week in Lithuania. Government to send revised martial law bill to Parliament

The Lithuanian government decided on Wednesday, October 31, to submit a package of legislative amendments aimed at clarifying the legal regulation of martial law to the Parliament for approval.

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Defiant impeached former Lithuanian President launches campaign to restore litas

The defiant impeached former Lithuanian president Rolandas Paksas is not giving up. After a new attempt to lift his lifetime ban to run for the top post in 2019 failed, the now member of the European Parliament and the leader of a new nationalist movement, «I am calling the Nation» seems undaunted and this week has launched campaign aimed at scrapping the euro and restoring the litas, the Lithuanian currency that circulated in the country until the end of 2014.

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Week in Lithuania. President vetoes amendments

President Dalia Grybauskaitė has vetoed amendments to the law on party funding and budget corrections giving the government the opportunity to borrow funds to finance unelected parliamentary parties.

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