Lithuania: Vilnius adopts 2019 budget

The City Council of Vilnius has adopted the Lithuanian capital’s budget for 2019, with expenditure exceeding revenue by 5 million euros. The city’s revenue is expected to grow by 3.5% this year compared with 2018, to 611.717 million euros. Total revenue, including EU support and funds carried over from last year, is projected at 679.4…

Lithuania: additional missiles bought

Lithuania has acquired additional combat and training missiles for the Norwegian medium-range aid defense systems NASAMS it is buying from Norway, Lithuania’s Ministry of National Defense said. Due to security reasons, the ministry does not disclose either the volume of the additional missiles, or the price, only saying that the total value of the purchase,…

Lithuania: ruling party leader-related company pledges to stop buying fertilizers from a Russia-affiliated company

Agrokoncernas, a business group owned by Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union, has pledged to stop buying fertilizers from Russia company Minudobreniya as its key shareholder Arkady Rotenberg is subject to international sanctions. Agrokoncernas imports fertilizers from Minudobreniya via an intermediary in Dubai, although the company does not disclose, which…

Lithuania: slowdown signs visible

Lithuania’s central banker says it sees no clear signs of an upcoming new economic crisis but warns about slowing growth. Vitas Vasiliauskas, the Bank’s chief, acknowledges that the “income turning to expenses” continues, although differently from ten years ago. According to him, the Bank’s assessment is based on how the 2019 budget numbers. (BNN/Business World…

Lithuania: exports to Japan planned

Lithuania plans to export ready-to-bake food products and pets to Japan, the Agriculture Ministry said. The two countries’ agriculture vice-ministers agreed in Tokyo to immediately begin talks on certification procedures. Lithuania’s potential export products include pizzas, kibinai and similar ready-to-bake products containing poultry and cheese, the ministry said. The countries also expect to agree shortly…

Lithuania: Agriculture Ministry calls on EC to cover losses

Lithuanian agriculture minister Giedrius Surplys has called on the European Commission to cover losses incurred by the country’s farmers from drought and swine fever.

According to the minister, Lithuanian farmers are estimated to have incurred 0.5 billion euros in losses due to drought over the last summer. (BNN/Business World Magazine)

Lithuania: Klaipeda Seaport takes part in exhibition and conference in Kazakhstan

Klaipeda Seaport is being represented at exhibition “TransKazachstan. TransLogistic 2018” and conference “Transport and Logisctic Markets” organized in September 18-20 in Almaty, Kazakhstan. Klaipeda Seaport says it is an international event that opens new possibilities for companies to present themselves and to consolidate their position in Kazakhstan transport market, to disseminate information about their services…

Lithuania: tender to rebuild Renge section announced

Lithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) has called a tender to rebuild the Mazeikiai-Renge railway section dismantled a decade ago. The section was used by the Mazeikiai-based oil processing company Orlen Lietuva, owned by Poland’s Orlen, to transport its oil products to Latvia. According to information on Lithuania’s central public procurement website, the…

Lithuania: Central Bank to assess information about Latvian VIA SMS Group

Lithuania’s Central Bank has promised to assess information regarding Latvian VIA SMS Group working in the country. This decision is a reaction to the statement made by Seimas National Security and Defense Committee member Arvydas Anusauskas that people associated with former Parex Banka owners worked in that company. “Before issuing the aforementioned association a license…

Lithuania: Port of Klaipeda sues former CEO

Port of Klaipeda had filed a 1.9-million euro lawsuit against its Eugenijus Gentvilas, former CEO of Port of Klaipeda, who is now a parliamentarian and chairman of the Liberal Movement party. According to the port authorities, the port suffered damage under his leadership, failing to pay to the builders in time. Gentvilas said he doubted…

Lithuania: meat to be exported to Hong Kong

Ten Lithuanian meat-processing companies have been given the green light for exporting chilled and frozen beef and pork and beef and pork products. The Lithuanian State Food and Veterinary Service said that it had received confirmation from Hong Kong’s competent authority. The ten companies are Utenos Mesa, Agaras, Krekenavos Agrofirma, Pajurio Mesine, Agrovet, Biovela’s meat…

Lithuania: President signs laws on tax overhaul

President Dalia Grybauskaite has signed the laws overhauling the country’s tax system, adopted by the Seimas. For the laws to come into effect early next year they must be published six months earlier. The laws are related to the personal income tax, state social insurance, health insurance, tax administration, the profit tax, public procurement, VAT…