Lithuania will not allow a Maltese-flagged ship carrying ammonium nitrate from Russia to dock at the port of Klaipeda for repairs, Prime Minister Ingrida Simonyte announced, BNS reports. The vessel requested permission to enter the port to unload its cargo of 20,000 tonnes of ammonium nitrate and carry out repairs by a company in Klaipeda….
Lithuanian and German officials have signed an agreement on the rights of German troops, civilian personnel, and their families in Lithuania, BNS reports. The agreement was signed by the Lithuanian and German defence ministers, Laurynas Kasciunas and Boris Pistorius, as well as deputy foreign ministers Jonas Survila and Tobias Lindner, in Berlin. The agreement provides…
A court of appeal in Sweden has sentenced former Swedbank CEO Birgitte Bonnesen to 15 months in prison over money laundering at the bank’s Estonian branch, BNS reports, citing AFP. The court found that Bonnesen had provided shareholders with false information about measures taken at the branch to prevent money laundering. The appellate court overturned…
Lithuanian Foreign Minister Gabrielius Landsbergis criticised other EU member states for continuing to do business with China, BNS reported. Speaking after a meeting with US Deputy Secretary of State Kurt Campbell in Vilnius, Landsbergis noted that Lithuania was an example that it was “possible to survive without Russian gas and Chinese contracts.” He warned Lithuania’s…
Lithuanian President Gitanas Nauseda is visiting Ukraine to attend the fourth annual summit of the Crimea Platform, BNS reports. Speaking at the event, Nauseda demanded that Russia release all illegally imprisoned Ukrainians and Crimean Tatars. He noted that Russia had implemented “brutal colonial policies” in Crimea for the past ten years. Russia’s reign of terror…
Lithuania’s GDP will grow by 2.3% in 2024 and 2.9% in 2025, according to the Finance Ministry’s revised forecast, BNS reports. In June 2024, the ministry projected that the GDP would grow by 2.1% in 2024 and 2.9% in 2025. Average annual inflation will slow down to 1.0% (1.1%) in 2024, before rising to 2.5%…
The three Baltic States, together with Finland, Poland, and Germany, should build a green hydrogen corridor by 2040, according to a feasibility study commissioned by the Nordic and Baltic gas transmission system operators, BNS reports. The 2,500-kilometre corridor would transport up to 2.7 million tonnes of hydrogen fuel per year. The corridor could reduce CO2…
US private equity group TPG is in talks to invest in the Lithuanian second-hand fashion platform, Vinted, according to the Financial Times, BNS reports. Under the deal, TPG would acquire several hundred million euros worth of existing shares in Vinted. The deal would value the company at EUR 5bn. Vinted has been working with US…
Some internet domains used by Russia to meddle in the upcoming US presidential elections were purchased using the Lithuanian cryptocurrency payment platform, CoinGate, according to the US Federal Bureau of Investigation (FBI), BNS reports. CoinGate is owned by Vilnius-based Decentralized (former Virtualios Valiutos), which established a subsidiary, CoinGate, in the US in 2021. Some of…