Sanctioned luxury cars are being shipped from EU countries to Russia via Lithuania, LRT’s investigation revealed. The luxury cars are usually purchased in Denmark or Germany and then transported to Russia via Lithuania and Belarus. Russian car dealers are openly advertising the transit route via Lithuania and Belarus. In 2022, the EU banned the sale…
Lithuanian telecommunications company Telia Lietuva posted unaudited revenue of EUR 230.5mn in the first half of 2023, which was up 7.2% from EUR 214.9mn in the same period of 2022, GlobeNewswire reports. Adjusted EBITDA amounted to EUR 83mn (up 13.6%) and profit to EUR 31.8mn (up 21.2%). In the second quarter of 2023, Telia Lietuva’s…
Lithuanians are slightly more confident about the country’s economy, according to the latest Eurobarometer poll conducted in June 2023, BNS reports. The survey showed that 56% of respondents regarded the economic situation as bad, which was down 3 percentage points from January-February 2023. By contrast, around 41% of Lithuanians said that the country’s economy was…
Annual inflation in the Baltic States was highest in Estonia in June 2023, according to Eurostat data, LETA reports. Estonia’s inflation rate stood at 9% in June 2023, followed by Lithuania with 8.2% and Latvia with 8.1%. Compared to May 2023, inflation amounted to 0.8% in Estonia. Meanwhile, consumer prices went down by 0.1% in…
The Bulgarian provider of business payment solutions, Payhawk, has opened an office in Lithuania’s capital, Vilnius, Invest Lithuania reports. The company has received an electronic money institution (EMI) licence from the Bank of Lithuania. Payhawk plans to hire a team of finance professionals to help accelerate product development at the new Vilnius office, which is…
Lithuanian President Gitanas Nauseda urged Latin American countries not to be “seduced” by Russian propaganda, BNS reports. Speaking at a summit of leaders from the EU and the Community of Latin American and Caribbean States (CELAC) in Brussels, Nauseda pointed out that Russia was “not a victim, but the aggressor” in the war in Ukraine….
Lithuania’s Klaipeda State Seaport could ship around 10 million tonnes of Ukrainian grain per year, CEO Algis Latakas announced, BNS reports. However, the logistics of transporting the grain to the port remained complicated, he noted. If the issue of logistics was solved, the port could begin handling Ukrainian grain today, Latakas stated. Earlier, Transport Minister…
The Baltic States will decouple from the BRELL power grid linked to Russia and Belarus in the beginning of 2025, Estonian Prime Minister Kaja Kallas announced, ERR reports. Earlier, Lithuania urged the Baltic States to synchronise their power grids with the continental European system ahead of schedule in 2024. Kallas noted that such a rapid…
An overwhelming majority of Lithuanians support the establishment of a register of sex offenders, according to a new Baltijos Tyrimai poll for LRT. The survey showed that 91% of Lithuanians supported the establishment of such a register. Just 4% disagreed, while 5% did not have an opinion. In May 2023, a group of MPs proposed…