In Lithuania

Wed, 2 Apr 2014, All parties in support of power plant…

The agreement emphasizes that the master pipeline should be controlled by the state before the launching of the gas terminal. The document also supports Lithuania’s plans to join the euro ...

Wed, 5 Mar 2014, Citizens resort to popular populist referendums…

While the preparation for the referendum is taking place, the government will have an opportunity to explain to the nation why all the hurry, and if the explanation is plausible, the nation will v...

Wed, 5 Mar 2014, More balance ahead for education…

“In Lithuania there is a lack of a thousand, or several thousand, welders; there is a lack of hundreds of computer specialists. Meanwhile, there is too much social science. Certain correctio...

Wed, 5 Feb 2014, Parts’ diplomacy off the rails…

We shall wait for the explanation by the Estonian ambassador,” said Butkevicius. Estonia’s position is that if Lithuanians want to extend the trans-European railway track link to Viln...

Wed, 5 Feb 2014, Land sales ban may cost 7 billion euros…

Until now approximately 25 billion litas (7.2 billion euros) have been allocated to the agricultural sector. I cannot give a 100 percent guarantee, but I am well aware of the way discussions take ...

Wed, 8 Jan 2014, DSF troops take up positions…

The unit is supported by soldiers from National Defense Volunteer Forces, Juozas Vitkus Engineer Battalion and King Mindaugas Hussar Battalion, also by units from the Logistics Command. This yea...

Wed, 8 Jan 2014, Finance companies enjoy tax exemptions…

1, 2011, financial leasing companies and financial institutions are exempt from real estate tax if they do not use their property. Major cities alone miss out on 30 million litas (8.7 million euro...



LITHUANIA is a state in Northern Europe which has borders with Latvia, Russia, Poland and Belarus. Across the Baltic Sea lies Sweden and Denmark. Lithuania covers around 65 thousands square kilometers. The only official language in Lithuania is Lithuanian. Lithuania as a state is a parliamentary republic with internal division of 60 municipalities. The capital of Lithuania is Vilnius. Lithuania is a member of NATO, and the European Union and the Council of Europe. In 2009, Vilnius was the European Capital of Culture and Lithuania celebrated the millennium of its name.

Gene Zolotarev about financial system of EU and Baltics