Acting on a tip-off about possible lack of transparency in the tender for contractor for reconstruction of the Vilnius Concert and Sports Palace, Lithuania's Property Bank has terminated talks with the winner – the consortium of Irdaiva construction company. Documents available to BNS show that a member of the tender panel was employed both at the Property Bank and the company, which could have influenced the results of the tender.
This year’s UN World Happiness Report ranks Lithuania 52nd of the 155 countries in the ranking. Significant progress has been achieved over the past year, with Lithuania rising up from 60th place. Why are the Lithuanians feeling increasingly happier and what could increase this feeling of happiness Swedbank chief economist Nerijus Mačiulis asks?