Lithuania has recovered its former highest place in the world competitiveness index published by the Swiss Institute of International Management (IMD). In 2022, it ranks 29th among 63 countries. “To increase the competitiveness of Lithuania, we must seek changes in a number of fields – from stability of economic environment to effective work of the…
Lithuania’s police have opened a pre-trial investigation into a mysterious flight from Lithuania over several Eastern European countries that landed in Bulgaria. “A pre-trial investigation into a violation of international rules of the air has been opened at the Criminal Police Bureau,” Saulius Briginas, deputy chief of the Criminal Police Bureau, said. According to Briginas,…
Lithuania has handed over M113 armoured personnel carriers to Ukraine, as the country continues to defend itself against Russia’s attack. The handover completes a shipment of Lithuanian assistance worth 15.5 million euros, the Lithuanian military said on June 16. It also includes 10 military trucks and 10 mine clearance off-road vehicles that reached Ukraine in…
Lithuania’s Interior Ministry has proposed to develop a new crisis management model, which would involve a crisis management centre to monitor threats and make preparations for emergency situations. The government on June 15 approved draft legislative amendments to make that happen. According to the ministry, the National Crisis Management Centre (NKVC) would operate as a…
Lithuanian businesses that have suffered difficulties due to China’s sanctions can now apply for working capital loans, the Economy Ministry has announced. A stimulus financial facility prepared by the Economy and Innovation Ministry was launched on June 15, allowing businesses that suffered from China’s actions to receive loans of up to EUR 5 million, and…
Estonian pharmacy wholesaler Magnum Grupp has made its largest investment in a decade, albeit for an undisclosed sum, after purchasing Lithuanian chain UAB Apotheca Vaistine. The company will now be the sixth-largest pharmacy chain in the southernmost Baltic State. The purchase brings the total number of pharmacy outlets Magnum operates under its Apotheka brand to…
Lithuania’s Economy Ministry has announced a competition to find a trade representative who will work in Taiwan on developing the country’s economic ties in the Southeast Asian region. “I hope the selected trade representative will not only successfully lead the Lithuanian commercial representative office, but also provide an impetus to attract more investments, promote exports…