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Saturday 19.08.2017 | Name days: Melānija, Imanta
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Lithuania warned of eurozone quicksand, from which Greece sees no way out

Greece's grave and lengthy financial troubles show how limiting the abandoning of national monetary policy can be, warns financial and business news site Bloomberg, adding that the Lithuanian government has not managed to convince its nation that the adoption of the euro is the right decision.

Russians on edge amid ruble meltdown, Palanga vexed over Russians’ loss

A pre-Christmas Palanga, the Lithuanian resort on the Baltic coast, dazzling with the festively embellished alley of Christmas trees, is usually bustling with hordes of Russian tourists a week before the major holidays. But this December, the promenade has been spookily quiet, with few Russian couples sauntering along it. A free-fall of the ruble and the drought of hard currency has held up the panicky Russians at home. Not only Palanga, but entire Lithuania feels the drought of Russians ahead of a joyful holiday season.

Calendar of cultural events in Lithuania.

BNN offers you a selection of cultural and sports events in Lithuania for the weekfrom December 15 to December 21.

Calendar of cultural events in Lithuania. Medieval tapestry exhibition

BNN offers you a selection of cultural events in Lithuania for the week from December 8 to December 14.

And the Baltics’ energy-wise thriftiest nation is…

Yes, we all know it: Estonians are slowpoke, Latvians have the gay minister and Lithuanians, uh, well, from now, the thriftiest in the bunch. Surprisingly, the frugalness comes from where everybody would expect the least: energy saving. Yet with the floating liquefied natural gas vessel in full swing and the electricity prices edging down, an astonishing 75% of Lithuanians endeavor to save electric power and heat, while the respective stats among the Latvians and Estonians were 57% and 56 %, according to the research by GfK Custom Research Baltic, a market research company.

Lithuania’s political and economic diary. Lithuanian teachers stage warning strike, more protests to come

Part of Lithuanian teachers staged a warning strike on Thursday, November 13.

Calendar of cultural events in Lithuania. International folklore festival Pokrovskije Kolokola

BNN offers you a selection of cultural and sports events in Lithuania for the week from November 10 to November 16.

Business appetite takes Latvians onto Klaipėda pond, Lithuanians to risky Belarus

Estonia‘s BAUHOF, a construction supply chain, has failed to create a firmer footing in Lithuania and had to leave as a result. But now it’s the Latvians’ turn who are resolved to find their way into Lithuanian construction materials buyers’ hearts and pockets. That is what the Latvian construction supply retailer DEPO is set to do in the nearest future.

Calendar of cultural events in Lithuania. European film forum Scanorama

BNN offers you a selection of cultural and sports events in Lithuania for the week between November 3 and 9.

Lithuania’s political and economic diary. Lithuania’s floating LNG carrier hailed as Baltics’ energy security guarantee

The buzz leading up to the arrival and introduction of the the vessel, Independence, a floating liquefied natural gas storage and regasification unit, on October 27 was akin to the restoration of Lithuania's own independence 24 years ago.

Black economy kills Lithuania’s small business in hinterlands

Are Lithuanians not enough entrepreneurial? This is to put it mildly, as the Eurostat statistics has thrown Lithuania in that regard to the very bottom of the EU index of entrepreneurialism - only a meager 9.7% of the compatriots work for themselves. The actual level of the self-employed, some Lithuanian economists insist, is a lot higher, but is overshadowed by black economy.

Calendar of cultural and sports events in Lithuania. Georgian traditional and European contemporary music

BNN offers you a selection of cultural and sports events in Lithuania for the week from October 27 to November 2.

Lithuania's new gas terminal seen as geopolitical victory to Baltics

Lithuania's new floating gas storage and regasification ship, which arrived in Klaipėda on October 27, will allow the Baltic state to buy less gas from Russia and is considered an example to how Baltic and European states can free themselves of Russia's energy grip not only in worlds and policy documents.

Lithuania’s political and economic diary. Ruling Order and Justice Party busted by Lithuania’s Special Investigation Service

Agents from Lithuania’s Special Investigation Service busted last Tuesday, October 21, headquarters of the country’s ruling Order and Justice party and apprehended five persons, including former Interior Ministry minister adviser and the ministry’s incumbent Deputy Minister, as well as a TV notable that was in charge in the party’s public relations.

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