A representative of LTG Group said on May 5 that sabotage was considered unlikely in two train derailments that occurred within 48 hours in central Lithuania, though all possible causes remained under investigation. Gediminas Seckus, the company’s director of business resilience, said data collected at the sites in Kaunas and Kedainiai districts suggests third-party interference…
Lithuania will evaluate the technical and economic feasibility of deploying small modular nuclear reactors, as officials weigh energy security needs against concerns over cost and safety. Representatives of the nuclear energy sector say that building several such reactors could secure a steady supply of relatively low-cost electricity. However, nongovernmental organisations remain sceptical, noting that no…
The government of the United States and Lithuanian Defence Materiel Agency have signed an amendment to an existing contract for a second HIMARS rocket artillery battery worth about $280 million, Lithuania’s Defence Ministry reports. The additional agreement covers the purchase of extra launchers, combat and training ammunition for the Lithuanian Armed Forces, as well as…
China has lifted sanctions on two Lithuanian banks, Urbo Bankas and Mano Bankas, in a reciprocal step following a European Union decision to remove restrictions on Chinese financial institutions. The move was announced by China’s state news agency Xinhua News Agency, which said the measures were removed after the European Union lifted sanctions on Heihe…
The decision to cut excise duty on diesel already had an impact, Lithuanian Energy Minister Zygimantas Vaiciunas said on April 22. “The crisis is certainly not over. There was definitely an effect from the excise cut. There is that psychological price of two euros per litre for diesel, and that has been pushed down,” Vaiciunas…
Lithuania plans to complete the multibillion-euro Rail Baltica project, including connecting Vilnius to the international line, until the end of 2033, according to a government-planning document. The target date is outlined in a special infrastructure development plan prepared by the Transport Ministry for the Kaunas-Vilnius section, estimated to cost about 2.5 billion euros. The plan…
Lithuania recorded one of the highest annual inflation rates in the European Union in March, according to data released by Eurostat. Harmonised annual inflation in Lithuania stood at 4.4%, placing it among the bloc’s highest. Only Croatia, at 4.6%, and Romania, at 9%, recorded faster price growth. In the Baltic States, annual inflation reached 3.4%…