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Sunday 24.06.2018 | Name days: Jānis

Hörmann to build regional logistics hub near Vilnius

German Hörmann, a garage and industrial doors company, is to build a logistics centre near Vilnius to serve Lithuania, Latvia and Russia's Kaliningrad region.

Lithuania's biggest credit union may become a regular bank

Vilniaus taupomoji kasa may attempt to become the first credit union in Lithuania to transform into a fully-fledged bank. VTK today is the country's biggest and one of the oldest credit unions.

Lithuanian apartment prices down in Q1, old house prices rise

Residential housing prices in Vilnius fell in Q1 2013 compared to 2012 but increased in certain market segments outside of the capital city market, the property register operator Registru centras reports.

Lithuania to renew nuclear talks with Hitachi and Baltic States

Lithuania will renew talks about building a nuclear plant with Hitachi as well as other Baltic nations Latvia and Estonia, seeking ways to make the project cheaper, Prime Minister Algirdas Butkevicius said.

Hesburger to build a mayonnaise plant in Lithuania

The Finnish fast-food company Hesburger that is active in all three Baltic markets has chosen Kaunas in Lithuania as home for its future mayonnaise plant.

Estonians to develop four office buildings in Vilnius for EUR 44m

Estonian E.L.L. Real Estate property development and management group that is majority-owned by Estonian businessman Toomas Annus plans to develop four office centres in Vilnius with a total leasable area of 44,000 sq.m at a cost of EUR 44 million euros.

Lithuania seeks OECD invitation to start accession talks

Lithuania is competing for one of the invitations to start accession talks that the Organization for Economic Cooperation and Development is expected to issue in May, President Dalia Grybauskaite said.

Lithuanian Economy Minister: we need cheaper gas, not reactors

The government needs to alter its energy tactics to seek cheaper natural-gas supplies from Russia’ Gazprom, not build a nuclear reactor, says Lithuanian Economy Minister Birute Vesaite.

Lithuania being investigated for cutting Latvian link

The European Commission has launched formal antitrust proceedings against the Lithuanian state-owned railway company Lietuvos gelezinkeliai for removing a rail link between Latvia and Lithuania.

Minister: Krugman wrong to say euro is a trap

The benefits of joining the euro outweigh any costs for rescuing members in crisis, Lithuanian Finance Minister Rimantas Sadzius said, rejecting economist Paul Krugman’s view that the European currency is a trap.

Rail Baltic project progresses forward

Construction of the Rail Baltic railway route in Poland and Lithuania is slowly progressing.

Latvian company to build jetty for Lithuania LNG terminal

Klaipedos Nafta AB, Lithuania’s state-controlled energy terminal operator, hired Latvian construction company AS BMGS to engineer and build port infrastructure for a new natural-gas terminal on the Baltic Sea

Former Belarus intelligence officer gets asylum in Lithuania

Former Belarusian military intelligence officer Stsyapan Zakharchanka has been granted political asylum in Lithuania.

Nordic Investment Bank finances Klaipeda port expansion

The Nordic Investment Bank (NIB) and the Klaipeda State Seaport Authority have signed a EUR 44 million loan agreement for investment projects in Klaipeda Seaport, according to the bank.

European Commission turns against Lithuanian railway company

The European Commission (EC) has begun its investigation against Lithuania's railway company AB Lietuvos geležinkeliai (LG). The goal of the investigation is to determine whether or not the company has limited competition opportunities for Lithuanian and Latvian companies and violated EU rules when disassembling part of its railway.

Lithuania seeks buyer for Ukio

Lithuania’s central bank is moving quickly to clear up the country’s latest banking collapse after Ukio Bankas, the country’s sixth-largest lender by assets, was declared insolvent and had its licence terminated.

Swedes generally satisfied with Baltic business climate

A study of Baltic business climate made by the Swedish Trade Council based on interviews made in 147 Swedish companies that operate in the Baltic countries showed that they were generally satisfied with this region as a place for doing business.

Lithuania's unemployment at 4-year low

Lithuania's official unemployment rate fell to 13.2%, a 4-year low, from 15.3% a year earlier.

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