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Tuesday 18.06.2019 | Name days: Madis, Alberts

Ice cream speed-eating record broken in Vilnius

The world record for the ice cream speed-eating was broken on Saturday, June 4, during the ice cream festival at the Lithuanian capital of Vilnius.

Classical Swine Fever outbreak in Lithuania

Kaunas region in Lithuania reports outbreak of Classical Swine Fever (CSF), hitting a pig farm with 16 000 pigs. All measures necessary to limit and eliminate the disease are being carried out, including, restricting the stricken area.

Lithuanian politician: 50 km/h – not the 21st century speed

The Central and Eastern European economies are unable to attain their potential goals due to poor infrastructure, considers Egidijus Meilunas, the Lithuanian Foreign Affairs deputy minister, adding that 50 km/h is not a speed of the 21st century.

US offers Lithuania three times cheaper gas than Russia

The American company Cheniere Energy has concluded an agreement with Klaipedos nafta on the possibility of supplying liquefied gas at a lower price than the one offered by Russia's Gazprom, announced the Lithuanian Energy Minister Arvydas Sekmokas.

Fitch upgrades Lithuania’s ratings

Fitch Ratings agency has upgraded Lithuania’s outlook from stable to positive, affirming its long-term foreign currency rating is BBB and its long-term local currency rating - BBB+.

Lithuania’s annual GDP climbs 6.9%

The Lithuanian annual Gross Domestic Product surged 6.9%, indicating the crisis prevailing in Lithuania over the last three years is truly over.

Lithuanian economy grows 6.8% in first quarter

Annual seasonally and working-day adjusted data, Lithuanian economy has expanded 6.8% in the first quarter of 2011, compared to the same period a year ago, according to Lithuania statistics department.

Economist: Lithuanian economy gained the most among the Baltics over the decade

In terms of economic growth rates over the past decade, Lithuania was the biggest winner among the Baltic States, SEB Bank's macroeconomic expert Dainis Gašpuitis points out.

Financial analyst: don't expect steady growth in Lithuania

Lithuania can look forward to good growth this year with the gross domestic product expected to rise by 5.8 percent, but it won't all be smooth sailing over the next few years, financial analyst Rimantas Rudzkis warned.

Lithuania Economy Minister steps down

Lithuania Economy Minister Dainius Kreivys decided to resign after Chief Official Ethics Commission announced he was confusing public and private interests. The conflict of interest had already been ongoing for some time.

airBaltic cancels four routes from Vilnius

Starting from March 27, this year, the Latvian national airline airBaltic will withdraw four routes from Vilnius – to Dublin, London, Rome and Paris.

State Social Insurance Fund of Lithuania giving more than it receives

Nine out of ten branches of SoDra (State Social Insurance Fund) throughout Lithuania are deemed to be technically insolvent. Analysis of the regional offices shows that in 90% of regions there are more pension beneficiaries than there are active workers.

Chairman of the Board of Lithuania Bank resigns

The current Chairman of the Board of the Lithuanian Bank, Reinoldijus Šarkinas has tendered his resignation to be effective 15 April. Šarkinas has reached the end of his five year term, and in fact Seimas had to ratify an extension until 15 April as it was a few months more than the specified five years.

President of Lithuania seeks to break heating monopoly

The president of Lithuania Dalia Grybauskaitea has pressed lawmakers to break the monopoly of the heat supply market, simplifying the terms of abuse of a dominant market position as well as increasing penalties.

Foundation: LNG projects in Latvia and Lithuania can be mutually compatible

Projects of liquefied natural gas (LNG) reception terminal with a re-gasification plant can break Gazprom’s monopoly in the three Baltic States and Poland, creating a competitive regional market through supply diversification and mutual interconnection.

E-mail users warned to beware

The Communications Regulatory Authority of Lithuania is warning about e-mails comprising suspicious advertisements.

Lithuanian heat network companies forced to disclose financial results

The Lithuanian Prime Minister Andrius Kubilius has promised to ensure that companies supplying heat to the inhabitants will have to publish their financial indicators.

EBRD could finance Lituania’s LNG terminal

The European Bank for Reconstruction and Development is considering the possibility to invest funds in the Lithuanian energy pipeline construction to Poland and Sweden.

Lithuania State Social Insurance Fund deficit - 2.75 billion litas

The Lithuanian State Social Insurance Fund shows a deficit of 2.75 billion litas (LVL 558 billion), however it is 20 million litas less than planned.

Vilnius to raise heating price

Residents of Lithuania might face a heating price surge, due to the outstanding debt of 41.4 million litas (LVL 8.4 million) boosted by growing current prices.