Polish farmers have begun a week-long partial blockade of the Lithuanian border, BNS reports. The farmers are protesting against the EU’s environmental policies and the import of Ukrainian agricultural products. Polish authorities, not the farmers themselves, will conduct official checks, focusing on the origin of grain, particularly potential Russian imports disguised as Ukrainian. The farmers…
The Lithuanian Armed Forces (LGP) has reassured the public on social media that there is no imminent threat of war, LRT reports. Responding to questions from the public, LGP noted that there was no concentration of military equipment on the country’s borders and no indication of an enemy’s intention to attack. The statement emphasised the…
Lithuania will close down two more checkpoints on the border with Belarus as of 1 March 2024, BNS reports. Interior Minister Agne Bilotaite said that closing the checkpoints in Lavoriskes and Raigardas would allow authorities to enforce sanctions, prevent smuggling, and screen incoming travellers more effectively. Also, the National Security Commission (NSK) proposed cutting the…
Lithuanian real estate developer Hanner will take over the project to build a new national stadium in Vilnius, the city’s mayor, Valdas Benkunskas, announced, BNS reports. Vilniaus Daugiafunkcis Kompleksas, the original concessionaire on the project, is managed by private equity fund management company BaltCap, which is mired in a major embezzlement scandal. Under the new…
Lithuania’s Vilnius City District Court has approved a request from the European Public Prosecutor’s Office (EPPO) to arrest Sarunas Stepukonis, former partner at Estonia-registered BaltCap Infrastructure Fund (BInF), BNS reports. Stepukonis is suspected of embezzling at least EUR 27mn from the fund. His current whereabouts are unknown. BaltCap has sued Stepukonis and casino operator Olympic…
Lithuania’s state-owned railway company, Lietuvos Gelezinkeliai (LTG), has appointed Kristina Meide as CEO of its passenger train operator, LTG Link, for a five-year term, BNS reports. Meide will replace interim CEO Gediminas Seckus. LTG Link’s previous CEO, Linas Bauzys, was appointed CEO of the Ignalina Nuclear Power Plant (IAE) in September 2023. Prior to her…
Farmers in Lithuania staged a protest rally in the country’s capital, Vilnius, on 23-25 January 2024, Baltic News Network reported. Around 3,000 farmers gathered in front of the government building with over 1,500 tractors and forestry trucks blocking the city’s main street. The farmers oppose a rise in the excise duty on LPG, a ban…
Lithuanians are the biggest supporters of Ukraine in the Baltic States, according to a Eurobarometer poll, BNS reports. As many as 95% of Lithuanians agree with providing humanitarian support to people affected by the war in Ukraine, compared with 91% in Latvia and 89% in Estonia. Another 93% of Lithuanians, 87% of Latvians, and 77%…
New players will enter the Lithuanian banking market in 2024, Simonas Krepsta, board member of the Bank of Lithuania, announced, BNS reports. Speaking in an interview with LRT, Krepsta said that Polish banks had contacted Lithuanian regulators and the business community. He noted that the Lithuanian banking sector was “exceptionally profitable.” Earlier, Poland’s Bank Pekao…