Baltic Times (Free subscription) | 19/12/2008
VILNIUS - Lithuanian Prime Minister Andrius Kubilius has threatened to replace the management of Leo LT, the national energy company, if it does not comply with the government's wishes not to raise the rates on services. "Decisions on essential strategic questions are taken by shareholders in a
The Earth Times Online Newspaper (Free subscription) | 28/11/2008
Vilnius - Lithuania's President Valdas Adamkus confirmed Friday that Andrius Kubilius, leader of the the Homeland Union - Christian Democrats political party, will be the next prime minister of the Baltic country. Kubilius' candidature had been backe...
The Earth Times Online Newspaper (Free subscription) | 28/11/2008
Vilnius - Lithuania's President Valdas Adamkus confirmed Friday that Andrius Kubilius, leader of the the Homeland Union - Christian Democrats political party, will be the next prime minister of the Baltic country. Kubilius' candidature had been backe...
The Earth Times Online Newspaper (Free subscription) | 18/12/2008
... of "catastrophic and draconian taxes" planned by the recently-elected government of Prime Minister Andrius Kubilius. "It seems that sports in Lithuania will not be ruined by the global economic crisis but by local politicians and bureaucrats. Sports will be in a catastrophic situation due to the proposed new taxes. Therefore, the country's best basketball clubs have decided to suspend...
The Earth Times Online Newspaper (Free subscription) | 16/12/2008
Vilnius/Riga - Lithuania's recently-installed government won a thumbs-up from the International Monetary Fund (IMF) Tuesday for austerity measures designed to rescue the Baltic state's economy from the threat of a serious recession. Catriona Purfield, the head of the IMF team that has been in Lithuania for the last week, confirmed that Prime Minister Andrius Kubilius had not asked for...
People Daily (Free subscription) | 10/12/2008
Lithuania's new cabinet led by Prime Minister Andrius Kubilius was sworn in Tuesday after the country's parliament approved the government and its program. The new government and its program, including the crisis management plan, were approved by 83 members of the 141-seat parliament. The economic package, aimed at tackling the ongoing financial crisis, includes raising value-added tax...
Baltic Times (Free subscription) | 15/12/2008
Lithuania to sell stake in Mazeikiu NaftaTBT Staff in cooperation with BNSVILNIUS – The new Lithuanian government has announced that it will sell its near 10 percent share in Mazeikiu Nafta (Mazeikiai Oil), the sole Baltic oil refinery, to Poland's PKN Orlen for $284.45. "As far as I know, talks with PKN Orlen will begin this week. We need to talk about that," Prime Minister Andrius Kubilius...
Baltic Times (Free subscription) | 12/12/2008
... of Lithuania's population and business after 2009," President Valdas Adamkus said.Prime Minister Andrius Kubilius added that, "Indeed, the climate change package includes the problem of Ignalina, which has been resolved with the quota of additional emissions. It proves the EU solidarity, we may expect answers how short-term problems are to be solved." Pollution quotas will be granted...
The Earth Times Online Newspaper (Free subscription) | 09/12/2008
Vilnius - More than a month after it triumphed in a general election, a new government coalition took charge of the Baltic country of Lithuania Tuesday evening, following a swearing-in ceremony at the national parliament, the Seimas. Now the new Lithuanian government can begin to tackle a worsening economic situation in the largest of the Baltic states, under the leadership of 52-year-old Andrius...
Financial Time (Free subscription) | 05/12/2008
Lithuania's new centre-right government will slash the budget deficit to avoid having to seek help from the IMF, like Latvia, Andrius Kubilius, the prime minister, has said
Baltic Times (Free subscription) | 05/12/2008
VILNIUS – Incoming Lithuanian Prime Minister Andrius Kubilius has said that there is no chance the country would devalue the lita, even if the IMF demanded it. "We have not and will not plan a devaluation of the litas," Kubilius told reporters on Thursday. The prime minister underlined that th
The Earth Times Online Newspaper (Free subscription) | 05/12/2008
Vilnius - New Lithuanian prime minister Andrius Kubilius presented his incoming government's plans to parliament for approval Friday, promptly laying the blame for Lithuania's current economic problems squarely with his predecessor, Gediminas Kirkila...
Baltic Times (Free subscription) | 04/12/2008
VILNIUS - The Lithuanian higher education system must be reorganized in order to be efficient and competitive. However, it could be one of the toughest and most unpopular decisions to be made by the Andrius Kubilius-led government. The usual complaints heard from experts and students are over the
Baltic Times (Free subscription) | 03/12/2008
VILNIUS – Incoming Lithuanian Prime Minister Andrius Kubilius has said that he expects next year’s budget deficit to reach 1 billion litas (290 million euros). "We are now targeting a budget deficit of up to a billion litas," Kubilius told reporters after meeting with his partners in the four-p
The Earth Times Online Newspaper (Free subscription) | 02/12/2008
Vilnius - Lithuania could be the next eastern European country to seek financial aid from the International Monetary Fund (IMF), after incoming prime minister Andrius Kubilius admitted for the first time Tuesday that it was a possibility. A worsening...
