Baltic Times (Free subscription) | yesterday
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...
Financial Time (Free subscription) | 02/12/2008
What one god gives, another takes away. Such is the dry humour with which Lithuanians greeted the imminent closure of the Ignalina nuclear power station, a featureless...
Financial Time (Free subscription) | 02/12/2008
The closure of the Ignalina nuclear plant, a condition for Lithuania's admission to the bloc in 2004, will leave the country dependent on Russian energy and thousands without jobs
Baltic Times (Free subscription) | 28/11/2008
VILNIUS - The board of the Seimas (Lithuanian parliiament) has prohibited alcohol sales on the grounds in an effort to cut down on lawmaker drinking. The law is set to go into effect at the start of next year. Alcohol retail in the Seimas restaurant has been unrestricted to this day, with t
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...
Baltic Times (Free subscription) | 27/11/2008
VILNIUS – Lithuania’s consumer confidence index has plummeted six more points to reach a seven year low, the national statistics agency said. The index reached -41 points, down from October’s level of -35. This is lowest level recorded since the index began in May 2001, it said. "People assess
Baltic Times (Free subscription) | 27/11/2008
VILNIUS - The Seima (Lithuanian parliament) has approved Andrius Kubilius of the Homeland Union-Lithuanian Christian democrats to be the country's new prime minister. Lawmaker approved the candidate, who was presented by the president on Tuesday, to be the new head of government with 89 votes in
The Earth Times Online Newspaper (Free subscription) | 27/11/2008
Vilnius - Lithuania's Finance Ministry confirmed Thursday that it is in talk with unnamed lenders to secure a loan to cover a budget shortfall in the Baltic country. Outgoing Prime Minister Gediminas Kirkilas told the Lithuanian parliament about the ...
The Earth Times Online Newspaper (Free subscription) | 27/11/2008
Vilnius - Lithuania's finance ministry confirmed Thursday that it is in talk with unnamed lenders to secure a loan to cover a budget shortfall in the Baltic country. Outgoing Prime Minister Gediminas Kirkilas told the Lithuanian parliament about the ...
Baltic Times (Free subscription) | 27/11/2008
VILNIUS - Everyone knows how splendid and breath-taking the UNESCO-protected Vilnius Old Town is. And it is really worth seeing. But is it already too well known and explored? Are you in the mood to find a new Old Town? Try the one in Kaunas, which is yet to rise from the ashes and enjoy its right
Baltic Times (Free subscription) | 27/11/2008
VILNIUS - Despite backing from financial experts, the incoming Lithuanian Prime Minister’s tax plans to shore up the shaky economy are not popular among citizens of the country or politicians in the Baltics. During a prime ministerial meeting between Lithuania’s acting Prime Minister Gediminas Kirk
Baltic Times (Free subscription) | 27/11/2008
VILNIUS - The leading candidate for foreign minister, Vygaudas Usackas, has suggested Lithuania shouldn’t irritate Russia for compensation of damages brought about by occupation, adding that compensation isn’t currently feasible. Vilniaus Diena newspaper reported that the Homeland Union - Lithuania
Baltic Times (Free subscription) | 27/11/2008
VILNIUS - Lithuania’s anti-corruption arm, the Special Investigation Service (STT) has seized the documents of the new company, Liquid Natural Gas Terminal (GDT), on suspicion of corruption and abuse of power. The company, set up by the government to manage the building and operation of the new pla
Baltic Times (Free subscription) | 27/11/2008
VILNIUS - Journalists will face fresh restrictions after the new Seimas (Lithuanian parliament) decided that reporters could no longer film, record sound or take pictures of MPs in the canteen, smoking rooms and rest rooms of the parliament building. Journalists who are found guilty of violating th
