Posts tagged as deal

Lithuanian foreign minister to sign 5G deal with US in Washington

Tuesday, September 15, 2020

Vilnius and Washington will on Wednesday sign a cooperation agreement on the development of 5G telecommunications infrastructure, according to the Lithuanian Foreign Ministry. Lithuanian Foreign Minister Linas Linkevičius departed for Washington on Tuesday and will sign sign a memorandum of understanding with US Secretary of State Mike Pompeo on Wednesday, according to Linkevičius’ spokeswoman Rasa Jakilaitienė. The US administration has been pressing countries not to allow Chinese telecommunications giant Huawei…

Lithuania’s president sees chances to implement parties’ deal on 2.5 % defense spending

Friday, July 10, 2020

Lithuania’s President Gitanas Nauseda sees chances of implementing the consensus of political parties on the raising of defense spending to 2.5 % of GDP by 2030, but admits that it will be difficult, writes LETA/BNS. Some of the parties had not signed the respective agreement, the president said adding that he had been assured that those parties would approve of increased defense spending if it was accompanied by increased spending,…

Vilnius to sign national stadium deal

Tuesday, March 3, 2020

A 156-million-euro contract on the construction and operation of a national stadium in the Lithuanian capital is planned to be signed in two weeks’ time, Vilnius Municipality said on Monday. The last hurdle for signing the contract was cleared when it was endorsed by the Education, Science and Sport Ministry last week. Read more:  National Stadium gets a go-ahead; court lets Vilnius sign concession deal with Axis Under the contract worth…

Lithuanian football club’s deal with Chinese company attracts controversy

Wednesday, January 15, 2020

A Lithuanian football club’s sponsorship deal with a Chinese state-controlled company has attracted criticism. The video surveillance equipment maker Hikvision has been implicated in human rights violations in China and putting its name on a stadium would be a “spit in the face” of people oppressed by the Chinese government, a Lithuanian MP insists. FK Sūduva, a football club in Lithuania’s western town of Marijampolė, presented Hikvision as its new…

France’s LVMH secures deal to buy Tiffany for $16.2 billion

Monday, November 25, 2019

French luxury group LVMH has agreed to buy iconic New York jeweler Tiffany & Co. for $16.2 billion, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari. LVMH announced in a statement Monday that it will purchase the 182-year old Tiffany and its 300 boutiques worldwide at $135 a share. The agreed deal is higher than the $14.5 billion cash offer LVMH made…

Russia and Lithuania strike deal on Kaliningrad

Friday, October 25, 2019

“A unique solution” on the technical details of the problem of transit – from the Kaliningrad region to mainland Russia and backwards across the territory of Lithuania – was achieved this week during negotiations between Vilnius and Moscow. According to Dmitry Rogozin, the Russian President’s special representative for Kaliningrad, the negotiations between the European Union and Lithuania are almost complete. Under a political deal agreed at the EU-Russia summit in…

Parties’ defense spending deal in Lithuania not being implemented

Friday, October 18, 2019

An agreement that Lithuania’s parliamentary parties signed a year ago to set out the country’s defense policy for the next decade is not being implemented, the leader of the biggest opposition party said on Thursday. Gabrielius Landsbergis, the leader of the conservative Homeland Union–Lithuanian Christian Democrats, spoke to reporters after a meeting between his party’s MPs and Defense Minister Raimundas Karoblis. “The minister confirmed that the defense (policy) agreement that…

UK to send Brexit deal ‘final offer’ to a skeptical EU

Wednesday, October 2, 2019

British Prime Minister Boris Johnson will send what he says is the U.K.’s “final offer” for a Brexit deal to the European Union on Wednesday, as the date for Britain’s departure from the bloc looms in less than a month. Johnson says the proposal is a “fair and reasonable compromise,” but it’s likely to face deep skepticism from EU leaders, who doubt the U.K. has a workable plan to avoid…

US farmers hope Trump delivers on trade deal with Japan

Thursday, September 5, 2019

American farmers have not only endured retaliatory tariffs from China and other nations, they’ve watched as most of their top foreign competitors used free trade agreements to make inroads into Japan, a historically protectionist market with nearly 127 million consumers. Now they’re wondering if the coming U.S.-Japan trade deal that President Donald Trump is showcasing will be as strong for farmers as the Trans-Pacific Partnership, which was negotiated under President…

Lithuanian parlt speaker faces no-confidence vote after his party approves coalition deal

Tuesday, July 16, 2019

Viktoras Pranckietis, the speaker of the Seimas, faces a no-confidence vote in the parliament to remove him from office after the Lithuanian Farmers and Greens Union (LFGU) has approved a new coalition agreement. In an open ballot vote on Monday evening, the LFGU council supported the agreement with 68 votes in favor, one against and seven abstentions, Ramunas Karbauskis, the party’s leader, told reporters in Kaunas. “We can say this…