Lithuanian Defence Minister Arvydas Anusauskas is visiting Paris on June 13-14 where he is to sign a letter of intent on purchasing French self-propelled 155mm howitzers Caesar with newly appointed French Defence Minister Sebastien Lecorn. The ministers would also sign documents enabling the Lithuanian Ministry of Defence to join the development programme of the Caesar…
Two more Lithuania-based companies may be placed under administration due to EU sanctions on Russian, says the Financial Crime Investigation Service (FNTT). One company, the phosphate fertiliser producer Lifosa, has so far been the only company put under temporary administration after sanctions on its Russian owners threatened its operations. “The Finance Ministry has thus far…
Samples of Lithuanian plant seeds were handed over to the Global Seed Vault in the Norwegian archipelago of Svalbard on June 9. The storage of duplicates will ensure that seeds could be retrieved and reproduced in Lithuania if necessary, according to the Environment Ministry. The Svalbard Seed Vault is the largest such facility in the…
Lithuanian Finance Minister Gintare Skaiste has called for the suspension of Russia’s membership in the World Bank, saying the country has violated its fundamental principles. She has also said the world should not give in to Russia’s “blackmail” over the looming global food crisis. Russia is trying to change the narrative and make the international…
A new EU directive sets out common rules for setting the minimum wage. This will be felt in Lithuania, where pay disparities remain high. Algis, who works as a plumber in the Panevezys Emergency Service, makes a few euros more than the minimum wage, which is currently 730 euros on paper or 550 after tax.…
On June 6-7, the 3Seas Local Government Congress and the Economic Forum held in Lublin (Poland) discussed the development of the Baltic Sea-Black Sea/Aegean corridor in the new geopolitical context, press center of Lithuania’s Ministry of Transport and Communications said. The development of this corridor to the territory of Lithuania and the cooperation of the…
Lithuania is taking significant steps to bolster oversight within the cryptocurrency sector. According to a draft law prepared by the government, the country plans to ban anonymous accounts and establish more detailed requirements for customer identification, a move that aims to regulate activities related to trading bots and enhance transparency in the digital currency market.…