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.…
Lithuania has seen a huge increase in the number of sailing yachts in the last few years. But the demand for these recreational boats has surged during the coronavirus pandemic and the country is now facing an infrastructure problem. A few years ago, there was plenty of space to park yachts in Lithuania. But now,…
Lithuania’s governmental commission, which examines the transactions of strategic companies, is investigating Russia links of Viada and Baltic Petroleum petrol chains. According to Neringa Andrijauskiene, head of the Central Purchasing Organisation (CPO), the screening of suppliers started in April, in line with the amendments to the Public Procurement Law, which said that suppliers and sub-suppliers…
Lithuanian trade unions will hold a picket outside the Belarusian Embassy in Vilnius in support of their arrested colleagues. The move is aimed at protesting against the persecution of democratic Belarusian trade unions, the Confederation of Lithuanian Trade Unions says. “This is an international action initiated by the International Trade Union Confederation,” the statement read.…
Lithuanian Agriculture Minister Kestutis Navickas has survived an opposition-initiated interpellation and retained his post after 64 lawmakers voted in favour of his provided answers to the opposition’s questions. The opposition claimed Navickas not only failed to respond to its comments but also ignored calls of others to communicate and cooperate on topical issues. The minister…
The Lifosa plant has resumed production after a forced shutdown in April. 240 employees of the enterprise are back to work. Earlier, the European Union authorities imposed sanctions against Andrey Melnichenko, the owner of EuroChem, which owned Lifosa. After that, the accounts of Lifosa were blocked and the plant was forced to stop. Later, the…
The IMF mission has commended the Lithuanian government’s response to economic challenges, noting that inflation, which is among the highest in the EU, should abate until the end of the year. Lithuania is well prepared to meet economic challenges brought by the pandemic and the war in Ukraine, as the country’s government has chosen the…