bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Sunday 28.05.2017 | Name days: Vilhelms, Vilis
LithuaniaLithuania

Week in Lithuania. Economy to grow in 2016, but forecasts differ

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Lithuania’s economy will grow by 2.8% this year, predicts SEB Bank. Meanwhile, Ernst&Young says that, although significantly shrunk export markets and droopy Russian economy last year slowed Lithuania’s GDP growth, but it should nevertheless grow twice as fast in 2015 and go up from 1.6 to 3.2% in 2016.

Snow Meeting participants met with President

President Dalia Grybauskaitė met on Thursday, January 14, with influential foreign and security policy experts, analysts, influential political scientists, and public opinion makers taking part in the traditional Snow Meeting. This year, the Snow Meeting focuses on the situation in Ukraine and preparations for the NATO summit in Warsaw in July. The President and political science experts discussed the international security environment as well as relevant issues concerning NATO and the fight against hostile propaganda. According to Dalia Grybauskaitė, in almost over a decade the Snow Meeting has become a successful informal high-level platform for experts from various countries to share their insights and experience. The Snow Meeting took place in Trakai on January 14-15.

Letters of credence by Ukrainian Ambassador received

Lithuanian President Dalia Grybauskaitė has accepted letters of credence from Volodymyr Yatsenkivskyi, Ambassador of Ukraine. In a brief speech, the President emphasized that Lithuania has always supported Ukraine’s independence and fight for its democratic future; therefore, it is important to further ensure Lithuania’s political and practical support to Ukraine. Among the other issues discussed at the meeting was the situation in Eastern Ukraine and deeply concerning renewed military actions.The President and the Ambassador discussed Ukraine’s ongoing reforms in the judicial, banking, anti-corruption, energy, and other sectors.

Lithuanian will allot 10 million euros to attract foreign investors

Economy Minister Evaldas Gustas told on Monday, January 11, that 10 million euros will be allocated to attract foreign investors.

«To attract foreign investments to Lithuania the Ministry of Economy will allocate 10 million euros of the European Union (EU) investment funds under the «SmartInvest Lt» measure. We will allocate the EU investments to foreign investors who carry out R&D activities, create or develop the company’s infrastructure in this area and introduce innovation. Also, the project operators will have to dedicate at least 20% of the created new jobs to research jobs and keep them for a period of at least five years. Foreign investors may submit applications until April 11 of the current year,» minister said.

Only projects which belong to the same specialisation trend category may compete for the funding.

Uber joins Lithuanian Business Confederation

Uber Lithuania Software and Development has joined the Lithuanian Business Confederation, a group that unifies the biggest service companies in the country. According to the president of the confederation, Valdas Sutkus, «Uber will make a breakthrough in passenger transportation services, because this service can be provided by anyone who has a properly working car». The digital platform will allow students or older people to earn additional money at a convenient time because there are no heavy restrictions.

PM met President of Belgian Senate

Prime Minister Algirdas Butkevičius met on Thursday, January 14, with President of the Belgian Senate Christine Defraigne, who was on her visit to Lithuania. In the meeting, bilateral relations have been discussed. The Prime Minister has stressed the interest to strengthen economic cooperation, and has thanked Belgium for its active engagement in NATO’s air-policing mission in the Baltic region.

«We appreciate excellent political, economic, and cultural relations between Lithuania and Belgium, as well as our sustainable partnership in the European Union and NATO formats. We are particularly grateful for the visibility of your forces in our region, which helps ensure security for all the three Baltic states ,» said the Head of Lithuanian Government.

Direct investment in Lithuania by Belgium currently totals 125.54 million euros, and Belgium is on the list of top 20 foreign investors in Lithuania.

Prime Minister met American Jewish Committee delegation

Lithuanian PM Algirdas Butkevičius and the First Deputy Chancellor of the Government Rimantas Vaitkus have met with members of the American Jewish Committee. In the meeting, Lithuania’s efforts to restore historical justice and preserve the Jewish cultural heritage in the country have been underlined, close cooperation between the Government and the Lithuanian as well as international Jewish communities has been noted, and opinions and insights into international developments have been shared.

Executive of the American Jewish Committee David Harris said that the time of the visit in Lithuania was not accidental; it is because members of the Committee wanted to express their solidarity with the Lithuanian nation. He has noted that the American Jewish Committee had been among the first US non-governmental organisations that had urged the US administration to recognize Lithuania’s independence.

New ambassadors to Lithuania greeted

Prime Minister Algirdas Butkevičiusmet on Tuesday, January 12, with in-coming ambassador of Greece to the Republic of Lithuania Iraklis Asteriadis. During the meeting, the Head of Government has stressed the importance of strengthening economic relations, discussed prospects for direct flights Vilnius-Athens, and highlighted the need for the two countries to implement the European Union measures in the field of migration. Over the recent years, Lithuania-Greece trade turnover has come up by 39%, thus witnessing the growing interest from the businesses of the two countries.

Prior the day, Butkevičius met with new Hungarian Ambassador Zoltan Jancsi to discuss bilateral relations and further cooperation in the international format, particularly focusing on the European Union and NATO.

Kalashnikov-wielding escapee tops Lithuania’s Google searches in 2015

Igoris Molotkovas, a Kalashnikov-brandishing escapee who ran away from negligent police officers’ in the Lithuanian capital Vilnius in November was the most searched on the Internet person in Lithuania last year. Google search results also show that Lithuanians were keen on solar eclipses and basketball among other things.

Lithuania and the United States discussed regional security agenda

Lithuanian Foreign Affairs minister Linas Linkevičius and the United States Assistant Secretary of State Victoria Nuland have discussed the implementation of decisions on NATO’s adaptation to the changed security environment in the run-up to the NATO Summit in Warsaw. In the meeting, the officials also exchanged their opinions on Russia’s role in the conflicts in eastern Ukraine and Syria. The meeting was dominated by a consensus that sanctions against Russia should remain in place until full implementation of the Minsk agreements on the resolution of the situation in eastern Ukraine. The officials discussed issues related to defence cooperation among the United States of America, the Baltic and the Nordic countries, as well as energy security and the need to strengthen the dialogue with the Eastern Partnership countries.

Lithuanian Foreign Minister met with UK’s Minister of State forEurope

Lithuanian Foreign Affairs minister Linas Linkevičius met on Thursday, January 14, with the United Kingdom’s Minister of State for Europe David Lidington. The meeting focused on issues related to EU reforms, security policy, relations with Russia, the situation in Ukraine and bilateral agenda.

As regards the possible EU reforms, Linkevičius noted that Lithuania was willing to look for solutions to strengthen the EU. «We support proposals to promote the EU’s competitiveness and to reduce the burden of business regulation. We also understand that the UK has a right to choose the depth of integration with the EU. However, the proposed reforms cannot discriminate against the citizens of the EU and violate the fundamental EU principle – the freedom of movement of persons,» said Lithuania’s Foreign Minister.

Ryanair to fly from Palanga

Ryanair is following into the footsteps of arch-rival Wizz Air and announced it will be offering flights between London and Palanga starting late March.

Foreign Minister and Moldova’s new ambassador discussed cooperation

The Foreign Affairs minister Linas Linkevičius and the newly-appointed Ambassador of Moldova to Lithuania Valeriu Frija discussed on Monday, January 11, the situation in Moldova and topical issues related to bilateral cooperation between Lithuania and Moldova.

Lithuania’s Foreign Minister stressed that reforms in the field of justice, the fight against corruption and the banking sector were necessary in order to restore trust of the people of Moldova in the country’s institutions and in its chosen European path. Linkevičius expressed his belief that Moldova would overcome the ongoing crisis and would form a new government, which would resolutely implement the necessary reforms.

The same day the Moldovan Ambassador presented his letters of credence to the President of Lithuania Dalia Grybauskaitė.

Social security and labour minister emphasized necessity to ensure social protection

At the Policy Forum on the Future of Work hosted by the Organisation for Economic Co-operation and Development (OECD) in Paris on January 14, Lithuanian Minister of Social Security and Labour Algimanta Pabedinskienė stressed that in responding to the changing conditions in the field of labour, the fundamental principles of human rights cannot be forgotten.

«In dealing with the new challenges of the changing world such as unemployment, poverty, population ageing, salary differences and shadow economies, we have to ensure decent work and social protection and encourage labour mobility,» said Pabedinskienė.

Ref: 020/111.111.103.3116


Leave a reply

Week in Lithuania. PM: Coalition isn't the best

Lithuanian Prime Minister Saulius Skvernelis, whose government has been in office for half a year, says that the Lithuanian Farmers and Greens Union and the Lithuanian Social Democratic Party differ in their philosophies and approaches to many issues.

BNN summary of the week: Estonian minister disapproves of NATO; Latvia’s tax system lags behind

BNN offers a summary of this week’s topical news in a variety of categories: Business; Change; Future; Decline; Truth and Growth.

Municipal elections 2017: what do people say?

With municipal elections gradually coming close, BNN offers a compilation of opinions provided by experts from different industries. Short answers consist of thoughts about specific municipalities that affect respondents directly, and municipal administrations in general – what people expect from officials and what changes they expect from elections.

Trade of natural gas to legal clients in Latvia commences

Trade of natural gas to legal clients in Latvia has commenced. Latvenergo’s Elektrum product offers fixed-price contracts for 12-month supply period. The first gas supply contracts have been signed with clients in Latvia, the company reports.

Murniece: the biggest strength of Latvia’s parliament is public involvement

The biggest strength of Latvia’s parliament is the involvement of the public in resolution efforts of matters associated with child and women’s rights, the rights of disabled people, as well as security, tax policy and the European Union, says Saeima speaker Inara Murniece.

Corruption on decline in Lithuania, yet still remains troublesome

To wrap up the findings of a new corruption research ordered by the Special Investigation Service, an institution dealing with financial crimes in Lithuania, the situation is largely improving, yet not as fast as the service wishes.

Ventspils signs agreement with Chinese-Belarusian industrial park Great Stone

Vetnspils Freeport Authority and Ventspils High Technology Park signed an agreement yesterday with Chinese-Belarusian industrial park Great Stone, which is the largest infrastructure development project in Belarus, as reported by the freeport’s representatives.

Resignation filed by arrested Tallinn Deputy Mayor

The Deputy Mayor of the Estonian capital has stepped down from office after being arrested as part of a criminal case into violations of procedural restrictions of Tallinn procurement tenders.

Residents: situation in Latvia is developing in a wrong manner

54% of residents believe the situation in Latvia is currently developing in a wrong manner. A similar situation is noted in relation to the evaluation of the government’s work. 75% of respondents are critical about the government’s work. Only 17% of respondents are positive about the government’s work, according to results of Baltic International Bank Latvian Barometer.

Finance Minister: we have to be ready for flexibility in the reform plan

Currently we have to progress forward with the intended tax reform and prepare for a degree of flexibility, says Latvian Finance Minister Dana Reizniece-Ozola.

Zarins: unlike healthcare workers, Latvia’s roads are crumbling silently

Saeima deputy Ivars Zarins has submitted a proposal that offers restoring State Roads Fund and providing it with funding of 80% of excise tax for oil products. It is also proposed to divert income from vehicle operation tax and road use fee.

Price of oil slides 5%, though exporters decide to uphold production restrictions

Oil price has dropped by around five percent, even though oil-exporting countries have decided to maintain production limits until spring 2018.

Experts: role of free trade agreements to increase – especially with Asia

Latvian businessmen are already sufficiently active in several Asian markets. Their experience shows – these markets have great potential, according to representatives of the European Parliament’s Information Bureau.

Trump steps up pressure on NATO’s «indebted»

All NATO member states should pay their fair share of military expenses, has stated U.S. President Donald Trump in a meeting of NATO member states in Brussels.

Sunday expected to be summer-like hot in Latvia

This Sunday is expected to be summer-like hot, whereas the week after will be cold and rainy, as reported by Environment, Geology and Meteorology Centre.

Pensioner guide: old people are isolated from society in Latvia

«In my experience with social care, I was surprised by the dominating belief that the only thing old people need is elementary care – some food, a wash and a walk outside. Psychology of old people is something completely alien to people in Latvia,» says initiator of Pensioners Guide in Latvia Nelli Skadina.

SEB: reimbursements paid to nearly 340 loan clients over the past five years

In five years since the signing of the first loan payment insurance contract, reimbursements have been paid to nearly 240 SEB Bank clients who took loans and experienced unexpected difficulties after.

Number of tourists to Riga up 7% in 2017

In the first three months of 2017, a total of 263.5 thousand people were serviced in Riga’s hotels and tourist accommodations. 221.3 thousand of those tourists were foreign guests. Compared with the same period of last year, the number of tourists has grown 7%.

Estonian capital’s Deputy Mayor arrested over waste management dealings

The Deputy Mayor of Tallinn, Arvo Sarapuu, accused of deliberately violating procedural restrictions an especially large scale as part of a criminal case, has been arrested by the Estonian Internal Security Service.

Saeima ratifies convention on restriction for the use of mercury

On Thursday, 25 May, Latvia’s Saeima ratified Minamata Convention on Mercury. The objective of the convention is protecting people and the environment against anthropogenic emissions and leaks of mercury.

Europe experienced foreign investment records last year

Last year, Europe attracted a record large volume of foreign investments with 5,845 new direct investment projects, which is 15% more than the year before, according to results of EY European Attractiveness Survey.

Electric car charging network expands in Latvia to promote «greener thinking»

The once long-away dream of having cars that run on alternative fuel is now a reality – a special infrastructure network keeps expanding in Latvia to make electric cars more popular, says Motors Latvia BMW Group manager Ivars Norvelis.

Estonian Minister steps down after questioning NATO membership

Estonian Minister of Public Affairs Mihhail Korb has stated he resigns from office after saying he is not in favour of NATO membership.

Construction of a fish freezer commences at Ventspils Freeport

Construction work has commenced in Ventspils industrial territory on Talsu Street 200. Latvian National Fisheries Producers' Organisation plans to build a fish freezer facility there, as reported by Ventspils Freeport.

EC: there is a risk tax reform will increase inequality

There is a risk that Latvian government’s proposed tax reform will increase income inequality in the country instead of lowering it, said head of European Commission’s office in Latvia Inna Steinbuka.