Delfi

More earnings “on paper” after New Year, but confusion looms

The new tax reform will come into power from January 1, 2019. This includes changes to the financial expression of wages, albeit in many cases this will only lead to a gross wage increase. Vilnius University Department of Law lecturer, lawyer dr. Vida Petrylaitė notes that the new changes could lead to confusion because the changes are coming into power all at once, lrt.lt writes.

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VTEK: Veryga is in breach of the law

Minister of Healthcare Aurelijus Veryga is in breach of the public and private interest separation in state service law requirements to avoid conflicts of interest and with it arising – to recuse himself.

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Rimvydas Valatka. Seimas Kirkutis stories: will Skvernelis end as Musolini did?

The prime minister and his leaser Head of All of Lithuania’s hysteria is spreading to regular Seimas “Farmers”. Take Algimantas Kirkutis being so fascinated with Saulius Skvernelis’ rhetoric that after the latter’s speech in Seimas, he went ahead and compared the prime minister with Italian fascist leader Benito Mussolini.

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Lithuanian swimmers take two silver medals in FINA World Swimming Championships

Lithuanian swimmers Rūta Meilutytė and Danas Rapšys have both won silver medals at the 2018 FINA World Swimming Championships held in China.

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S. Jakeliūnas advised to speak to speak more reservedly by Seimas ethics watchdog

In response to an LRT complaint regarding harm to the public broadcaster’s reputation, the Seimas Ethics and Procedures Commission has recommended MP Stasys Jakeliūnas to be more reserved in expressing his opinion in public, lrt.lt writes.

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Lithuanian tax incentives for film production successfully raised to 30%

Lithuanian parliament has approved a boost to the country’s film production tax incentive, increasing it from 20% to 30%. The new level will take effect from January 1, 2019 and the legislation has been renewed for the next five-year period, a press release from the Lithuanian Film Centre states.

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Political scientist: S. Skvernelis has made a massive mistake

Political scientist Tomas Janeliūnas is convinced that Prime Minister Saulius Skvernelis seeks to involve intelligence services into political fights by calling upon the State Security Department (VSD) over potential Kremlin influence on the Conservatives. Former heads of the VSD Gediminas Grina and Mečys Laurinkus are also surprised by the prime minister’s actions, lrt.lt writes.

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Fantastic finish: Danas Rapšys becomes world champion

Danas Rapšys has won the swimming world championship gold medal in 400m free style swimming in the 2018 FINA World Swimming Championships held in China.

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Seimas approves 2019 budget

Members of Seimas approved the 2019 state budget and municipal budget financial metric project on Tuesday with 84 MPs voting in favour, 41 against and 5 abstaining.

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Kęstutis Girnius. Low taxation – low teachers’ wages

The desire of the public sector to have better lives and fighting to obtain it is understandable.

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Prime minister calls on intelligence services regarding potential influence on the Conservatives

Prime Minister Saulius Skvernelis is standing by his words that the Conservatives could potentially be influenced by the Kremlin and states he has called on the intelligence services.

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Bernardas Gailius. Lithuanian story about A. Ramanauskas-Vanagas

Politicians and political scientists will analyse for a long time yet, how Adolfas Ramanauskas-Vanagas was recognised as a factual head of state of Lithuania. This is a very Lithuanian story, which reveals many weaknesses of thought and worldview, typical to all of us.

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Moody's chooses Vilnius for its new European location

Moody’s Corporation has chosen Vilnius, Lithuania as the location for its newest European office. Moody’s provides credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s expects to grow its new office over the next few years and chose Vilnius over a number of other European cities. Hiring of staff in Vilnius is expected to start in January, 2019, a press release from Invest Lithuania states.

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Christmas gift trends: instead of things giving experiences

Streets decorated with Christmas lights, sounds of Christmas music in supermarkets or offices decorated with Advent calendars remind us of Christmas nearing. However, the main sign that the real Christmas fever has already started is the search for gifts. Although in December, there are queues in shops, nowadays you can notice a trend that instead of looking for material things, people are increasingly choosing gift vouchers for entertainment or recreation.

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Startup idea trends: What direction are modern day innovative entrepreneurs taking?

Today the globe experiences a massive penetration of information technologies and artificial intelligence into the business environment – automated processes or voice command devices are a present-day trend. Lithuanians are also actively heading their way in these fields – according to the latest data of Startup Lithuania, 81 per cent of new startups are established in the IT field at hackathons.

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European Commission's proposal on direct payments to Lithuanian farmers "unacceptable": President Grybauskaitė

Lithuanian President Dalia Grybauskaitė said on Monday the European Commission's proposals on direct payments to Lithuanian farmers are "unacceptable". The country's farmers are planning to hold a demonstration in Brussels on Thursday.

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Ellex Valiunas: a new partner and a new team of leaders

A new partner Ieva Dosinaitė is joining the firm as of 10 December 2018. Ieva Dosinaitė, who is commended for excellent negotiation and analytical skills in financial transactions, acted as a trusted legal advisor for many international financial institutions, next-generation financial institutions, banks and Lithuania's largest business groups. Her high level of expertise has also been showcased in many projects strategically important for Lithuania. Before joining Ellex Valiunas, Ieva Dosinaitė was head of the finance industry group at the law firm TGS Baltic.

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Analyst: the prime minister does not comprehend he is not a police general in Venezuela

It is unlikely Prime Minister Saulius Skvernelis expected that a protest of discontent teachers over their wage payment scheme would turn into a protest of thousands in front of the cabinet building. It is now the prime minister’s turn to ponder on how to come to terms with the public sector, otherwise who knows what could happen, the dismissed ministers may not suffice and his own future in the cabinet could come into question. Because assurances that the tax reform will improve public sector staff welfare over three years may very well not work, lrt.lt writes.

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Romas Lazutka. Who is it that rules us and does Tapinas impact them?

If you think that it is politicians that rule us, you are mistaken. They do not rule, instead they have been bickering for two years, if not over fur coats, then over the budget. And neither the fur coats, nor the budget is theirs. The fur coats belong to Greta, the budget – to Vilius [Šapoka]. As for ruling, that’s only by the hired prime minister and finance minister from uber. Neither of them is a politician by personal choice. The prime minister at least did his work for the party during the elections, while the minister of finance is akin to having been summoned from nowhere through the taxi app.

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Lithuanians maintain the tradition of ‘Kūčiukai’

As Christmas Eve is soon approaching, both packaged ‘kūčiukai’ (Note: very small, slightly sweet pastries) and ‘kūčiukai’ in bulk find themselves in the buyers’ shopping carts more and more often. Traders count that as much as up to 150 tons of ‘kūčiukai’ are bought before the holidays. These baked goods are found on the festive table not only in different places in Lithuania, but also in other countries, where there are people who cherish Lithuanian traditions. Researchers of Lithuanian customs claim that the tradition of eating ‘kūčiukai’ symbolised the relationship between the man and the bread. In the past, ‘kūčiukai’ were as big as the size of a palm. What kind of ‘kūčiukai’ do Lithuanians prefer today?

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