Vilnius court sentences Polish citizen for health insurance fraud

A Polish citizen has been sentenced by a Vilnius court to three years in prison for a health insurance fraud scheme involving 925 bogus employees from Poland.

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The reconstruction of Palanga Airport is complete: air gates ready to resume operation

The reconstruction of Palanga Airport, which started a month and a half ago, has been completed. All the planned works have been completed: the runway and taxiway have been upgraded, the apron has been reconstructed, and the engineering and lighting systems have been renewed. On Thursday, the airport will resume operations after a 45-day shut-down and will welcome its first scheduled flights.

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Lithuanian media decide to turn off comments on articles about COVID-19 vaccination

Members of the Association of Online Media in Lithuania decided to disable commenting option on their articles about COVID-19 vaccination. The step is taken in order to boost the vaccination rate in the country.

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15min and Lrytas turn off comments on COVID-19 vaccination articles

Two more Lithuanian online news sites – 15min and Lrytas –are disabling comments on their articles about vaccination against COVID-19.

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Delfi switches off comments under COVID-19 vaccination articles

Lithuania's delfi.lt news website has switched off comments under articles on vaccination against COVID-19 to prevent the spread of disinformation.

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Parliament approves reform of gambling sector

Lithuania is set to reform its gambling sector next July, introducing a one-off license fee and different share capital requirements for businesses, and allowing remote gambling operators not to have a physical chain.

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Experts: energy price spike will affect people's purchasing power

The estimated energy price spike in Lithuania next year will affect people's purchasing power, despite the government's planned measures to cushion the increase and estimated growth in wages and payouts, the majority of surveyed economists have told BNS.

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Vilnius Airport launches international public tender to construct new departures terminal

Vilnius Airport, which is a part of the Lithuanian Airport network, has launched an international public call for tenders as it begins looking for a contractor which will construct a new module of a passenger departures terminal in the northern part of the airport. After the construction of this terminal with an area of 14.4 thousand square meters is complete, the total area of all passenger terminals at Vilnius Airport will increase by a third, and passenger throughput will double - from 1 200 passengers per hour to 2 400.

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Cross-border VAT fraud case handed over to court

A cross-border VAT fraud case, in which seven persons have been accused of alleged 4.9 million euros fraud and 23 million euros money laundering, has been handed over the Vilnius Regional Court, the Financial Crime Investigation Service (FCIS) has reported on Thursday.

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Cheapest food product prices rise in September

The price of a basket of the cheapest food products in Lithuania rose by 1.59 euros, or 2.9 percent, in September from August and edged up by 0.19 euros, or 0.3 percent, from a year earlier, according to an analysis by the Pricer.lt price comparison website.

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Parliament speaker: measures to mitigate spike in prices should not set precedent

Measures that will mitigate the spike in energy prices should not set a market regulation precedent, Speaker of the Lithuanian Seimas Viktorija Cmilyte-Nielsen has warned adding, however, that it is important to support lowest-income households.

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Lithuania mulls mandatory vaccination for some workers and employers to pay for tests

The Lithuanian government is expected to consider on Wednesday legislative amendments to introduce mandatory vaccination against COVID-19 for some workers and oblige employers to pay for testing of those who refuse to take the jab.

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District heating prices in Lithuania to jump by 30 pct on average

District heating prices will surge by around 30 percent on average across Lithuania in the new heating season, a member of the National Energy Regulatory Council (VERT) said.

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Finance Ministry initiates discussion on solidarity tax on high earners

The Lithuanian Finance Ministry is initiating a discussion on a solidarity tax on high earners.

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Government moves to extend deadline for choosing power supplier by 6 months

VILNIUS, Sep 29, BNS – Amid a surge in electricity prices, the Lithuanian government proposes to push back the deadline for a second group of consumers to choose their independent electricity supplier by six months, Energy Minister Dainius Kreivys said on Wednesday.

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Invega uses European Guarantee Fund to support Lithuanian businesses in wake of COVID-19 pandemic

Lithuanian national promotional institution Investment and Business Guarantees INVEGA has signed a guarantee agreement with the European Investment Fund. The guarantee, made available under the European Guarantee Fund, an initiative of the EIB Group and EU Member States, will support a portfolio of new SME financing by Invega of up to €57 million. Thus, Lithuanian companies can apply for favourable lending from Invega to help them if they need financing on their way out of the crisis.

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Innovation in agriculture: Lithuanian company presents climate-friendly tractor

AUGA group, Europe’s largest vertically integrated organic food producer, has developed and presented the world’s first hybrid biomethane and electric tractor for professional farm use – AUGA M1. This is the company’s first step in offering technological solutions that will eliminate climate pollution throughout the food supply chain, from field to table, and allow food to be produced at no cost to nature.

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Paysera to launch parcel locker network open to all couriers

Paysera, a fintech company that provides payment gateway services for e-shops and other financial services, is strengthening its position in e-commerce by launching its newest project, Lockers – the first carrier-neutral parcel locker network in Lithuania. The parcel terminals will be available for any courier service provider to deliver and store parcels, the company says in a press release.

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Central bank taking steps to prevent heating up of real estate market

The Lithuanian central bank proposes to tighten the down payment requirement for the second and subsequent housing loans and to set an additional 2 percent capital buffer for lenders' housing loan portfolios in a bid to prevent the heating up of the real estate market.

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Utenos Trikotažas to manufacture €3 million worth of knitwear for Lithuania’s armed forces

Utenos Trikotažas, part of the SBA group, and the Defence Materiel Agency under the Ministry of National Defence have signed a contract with a maximum order value of more than €3 million for the manufacture of garments for Lithuanian soldiers. Over the next 3 years the company will manufacture a total of at least 330,000 pieces of knitwear.

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