Lithuania aims to produce 100% of power domestically in future, 80% from renewables (4)

Wednesday, June 21, 2017 16:27
Electricity
DELFI / Audrius Solominas
Lithuania aims to generate 100 percent of its electricity domestically in the future, with 80 percent of the total power demand to be met using renewable resources, according to a draft new National Energy Strategy.

LPK President Dargis: Lithuania is not immune from the winds of changeFREE

Wednesday, June 21, 2017 13:53
Lithuania is not immune from the winds of change and the draughts of populism that are blowing across Europe, says Robertas Dargis, a prominent entrepreneur and the president of the Lithuanian Confederation of Industrialists (LPK). With his insightful overview of the country's economic outlook, Mr. Dargis concluded the European Business Network's season of monthly breakfast events.

Reform of forestry firms postponed until fall - Seimas' speaker

Wednesday, June 21, 2017 13:08
In a forest
Justinas Vanagas
After about 100 employees of forestry companies and representatives of trade unions gathered outside the Lithuanian parliament on Wednesday in protest of the planned reform, Parliamentary Speaker Viktoras Pranckietis announced that the approval of the reform would be postponed until fall. On Wednesday morning, he had said the amendments would be adopted during the parliament's spring session.

Vilnius cheaper for foreigners than Riga, Tallinn but more expensive than Warsaw

Wednesday, June 21, 2017 10:24
Vilnius is the cheapest capital among the Baltic states for foreigners, shows the annual survey conducted by the Mercer consulting company.

Lithuanian businesses worried about outcome of EU-UK talks - daily

Tuesday, June 20, 2017 10:12
Lithuanian politicians and businesses hope that the United Kingdom will remain open and part of the single market after it leaves the European Union, but they also prepare themselves for a "hard Brexit" scenario, the business daily Verslo Zinios reported on Tuesday.

Lithuania slides on Global Innovation Index

Friday, June 16, 2017 15:27
Organizatorių archyvas
Lithuania this year lost four positions and ranks 40th among 127 countries in the latest Global Innovation Index released by the World Intellectual Property Organization (WIPO).

Jurbarkas district expected to return EUR 1 mln in EU funds - daily

Friday, June 16, 2017 12:24
The district of Jurbarkas, which borders the Russian exclave of Kaliningrad, is to return almost 1 million euros in EU funds to the Lithuania-Poland-Russia Cross-Border Cooperation Program, the daily Lietuvos Zinios reported on Friday.

Eurostat finds food prices in Lithuania among EU's lowest

Thursday, June 15, 2017 14:55
Prices for food and non-alcoholic beverages in Lithuania last year were among the lowest across the European Union (EU), figures from the EU statistical office Eurostat showed on Thursday.

90 our of 100 universities in the world request Lithuanian lasers (1)FREE

Thursday, June 15, 2017 13:29
One of the things Lithuania is best known for is the laser industry. While perhaps not at the very pinnacle of the industry, the country does not compare all too poorly against highly developed states such as the USA, Germany, France, China and others. And at the same time the industry shows no signs of slowing down, with growing sales and increasing numbers of manufacturers, which should keep Lithuania within the top echelon of the laser industry.

President signs Labour Code amendments into law

Thursday, June 15, 2017 11:16
President Dalia Grybauskaite has signed into law amendments to the country's new Labour Code.

Lietuvos Geležinkeliai plans restructuring, to sack part of administration

Friday, June 9, 2017 15:06
Lietuvos Geležinkeliai (Lithuanian Railways, LG), the state-run railway company, plans to restructure the group and give up some of the unnecessary property. Mantas Bartuška, the company's CEO, does not rule out entering the stock exchange in the future.

President signs alcohol control bill into law

Friday, June 9, 2017 11:19
Lithuania's President Dalia Grybauskaitė has signed the amendments to the Alcohol Control Law, which were adopted by the parliament and triggered heated discussions in the society, thus imposing substantial restrictions on alcohol trade, consumption and advertisements as of 2018.

President's support for Government turns to criticism - economist

Thursday, June 8, 2017 14:47
Lithuanian President Dalia Grybauskaitė, who supported the ruling coalition's plans half a year ago, has changed her opinion and now criticizes the education system overhaul and some other reforms proposed by the government, Gitanas Nausėda, an adviser to SEB Bankas' president, said on Thursday.

Reliability of some people in Lithuania's state-owned companies is a concern

Wednesday, June 7, 2017 15:36
At the Lietuvos Geležinkeliai Traffic Control Centre
Lietuvos geležinkeliai
Some of Lithuania's enterprises of strategic importance employ some people whose reliability gives cause for concern and nepotism flourishes in them, the chairman of the Seimas Committee on National Security and Defense said on Wednesday, underlining the need for streamlining the recruitment and decision-making procedures at such companies.

Environment services go to court over EUR 630,000 compensation for sewage spill

Wednesday, June 7, 2017 12:30
The Vilnius Regional Environmental Protection Department has turned to court with a claim for compensation of 630,000 euros in damage caused by the December 2016 sewage spill in central Vilnius, which resulted in spillage of 46,000 cubic meters of untreated wastewater into the River Neris.

Lithuanian railway co plans routes to Daugavpils, Latvia

Wednesday, June 7, 2017 10:24
A train
Lietuvos geležinkeliai
After closing the route to Moscow, Lietuvos Geležinkeliai (Lithuanian Railways, LG), the state-run railway company, plans on launching a passenger train to the Latvian city of Daugavpils. The company's spokesman said LG was ready but had to wait for the final approval from Latvian railways.

Lithuanian household spending on consumer goods down in May m/m

Wednesday, June 7, 2017 10:03
The spending of Lithuanian household on main consumer goods declined in May, while Latvia and Estonia reported growth, shows an index of household spending published by the research company Baltic Market Insights (Baltmi).

Labour Code won't solve problem of work flexibility - experts

Tuesday, June 6, 2017 16:46
After Lithuania's parliament on Tuesday improved the new Labour Code to take effect in July, no changes are expected in the sense of flexibility of labour relations, economists say, adding that the initial ambitious plans of liberalizing labour relations has been downgraded into a reflection of the actual situation on the labour market.