Posts published in Society

Lithuanian energmin calls Nord Stream 2 a threat to EU solidarity

Tuesday, May 1, 2018

Lithuanian Energy Minister Zygimantas Vaiciunas on Thursday reiterated that Nord Stream 2, an underwater gas pipeline to be built in the Baltic Sea, will make the European Union even more energy-dependent and will let Russia strengthen its influence on the European energy sector. The Lithuanian minister said so after signing with his Ukrainian counterpart a joint statement on threats posed by the Nord Stream 2 project. “Both Lithuania and Ukraine…

Latvian government commences work on MPC termination

Monday, April 30, 2018

To prepare a report on mandatory procurement component and subsidized electricity system’s influence on national economy for 1 August, a work group responsible with cancellation of MPC payment system gathered for a first meeting, as reported by Economy Ministry. The work group is ordered to do the following before 1 August 2018: -assess MPC and subsidized electricity system’s influence on national economy; -prepare proposals for cancellation of MPC payment system;…

Latvia’s Saeima supports starting school at the age of six

Saturday, April 28, 2018

Latvia’s parliament supported in the first reading amendments to the General Education Law and Education Law that provide a flexible transition to compulsory primary education at the age of six, as confirmed by Saeima’s press-service. «Children develop the most rapidly in their early childhood. They absorb information very quickly. Because of that, it is important not to miss this period of times for children’s future. We have to provide children…

Danske Bank may announce its exit from Baltic States

Thursday, April 26, 2018

Danske Bank Group’s office in Lithuania may announce on Thursday, 27 April, its plans to leave Lithuania and, possibly, the Baltic States, as BNS news agency’s Lithuanian branch was told by two sources. According to the news agency, Danske Bank customer service centre in Vilnius will continue functioning. Danske Bank does not comment on this situation. Vaida Bičkute, press-secretary of the bank’s Lithuanian branch, only said that the bank will…

Klaipeda-based DFDS Seaways last year posted a profit of 7.4 million euros

Thursday, April 26, 2018

Danish-owned, Klaipeda-based DFDS Seaways last year posted a profit of 7.4 million euros on revenue of 77.7 million euros, up from 1.5 million euros and 76 million euros in 2016, respectively, the business daily Verslo Zinios reported on April 26th. “Our business is leasing ships to the Danish-registered company and, therefore, our revenue comes from lease income and commissions,” it quoted DFDS Seaways CEO Jonas Nazarovas as saying. “The profitability…

The greatest challenges to gender equality in Latvia

Thursday, April 26, 2018

Segregation in education and growing poverty risks are the greatest challenges to gender equality in Latvia, Maurizio Mosca, an expert at the European Institute for Gender Equality (EIGE), told members of the Saeima Committees for Social and Labor Affairs and Public and Labor Affairs on April 25th. The EIGE expert said during the meeting with lawmakers that there are still professions in Latvia that are regarded as women’s jobs, like…

Corruption scale in Lithuania shows no improvement

Wednesday, April 25, 2018

The scale of corruption has barely changed in Lithuania in recent years, and Lithuania ranked 22nd among 55 countries in terms of corruption. Almost every second resident in Lithuania (44%) believes corruption is widespread. The rate has remained barely unchanged for more than five years. It stood at 47% in 2013 and 45% in 2015. „We are in the middle among other countries included into the survey but we shouldn’t…

Latvian manufacturing sector does not depend on EU funds

Wednesday, April 25, 2018

The manufacturing sector in Latvia does not depend on the EU funds, even though they provide additional support to the sector, said Financial Ministry’s analyst Diana Ondza. “The manufacturing sector is not among those sectors development of which depends on the EU funds – producers mostly invest their own financing, while EU funds serve as an additional support mechanism. The growth is mostly determined by such factors as the overall…

Linkevičius highlights the importance of a political decision and responsibility for crimes in Syria

Wednesday, April 25, 2018

On 25 April in Brussels, the Minister of Foreign Affairs of Lithuania Linas Linkevičius attended the Conference “Supporting the Future of Syria and the Region”. The conference, which is hosted by the EU and co-chaired with the United Nations, aims at keeping the international community’s attention and response to the Syrian crisis on top of the international agenda, and at encouraging the full implementation of the existing commitments. Linkevičius presented Lithuania’s commitment…

Bitcoin (BTC) Adoption On The Increase In Estonia, Latvia, and Lithuania

Tuesday, April 24, 2018

The popularity and adoption of Bitcoin (BTC) and cryptocurrencies in general, are becoming more popular in the Baltic countries of Lithuania, Latvia and Estonia. Even buying coffee using BTC is not that special anymore in these countries. The adoption in these countries has gone as far as Cafes, bars, hotels, souvenir shops and even some medical clinics. There is also some incidents of Crypto being accepted for Real Estate purchases.…