Lithuania and the EU

Latest business news about Lithuania and the European Union.

Lithuanian ex-foreign minister named EU Afghan envoy — 22 February 2010, 19:47 CET

EU foreign affairs chief Catherine Ashton on Monday named Vygaudas Usackas, who recently quit as Lithuanian foreign minister, as Europe's next envoy in Afghanistan.

Lithuania forecasts 0.5 per cent growth in 2010 — 11 February 2010, 22:54 CET

Lithuania's economy will grow by 0.5 per cent in 2010 and 3.4 per cent in 2011 following a deep recession last year, the Baltic European Union member's central bank forecast on Thursday.

Lithuania forecasts sharp return to growth in 2010 — 01 February 2010, 17:57 CET

Lithuania forecast on Monday a sharp return to growth in 2010 fuelled by rising exports and European Union funds after its economy shrank dramatically last year.

Lithuania's economy shrank by 15 pct in 2009 — 28 January 2010, 15:30 CET

Lithuania's crisis-hit economy shrank by 15 per cent in 2009, the European Union member's statistics office announced on Thursday.

EU rules on four more deficit-bingers — 27 January 2010, 23:10 CET

Europe's budgetary watchdog on Wednesday issued deadlines for Hungary, Latvia, Lithuania and Malta to fix overblown national budgets.

Lithuanian nuclear plant shuts down under EU deal — 01 January 2010, 13:58 CET

Lithuania Thursday shut down its Soviet-era nuclear plant under an EU deal in a move set to drive up electricity prices amid an economic crisis and leave it counting on ex-master Moscow for power.

Lithuania counts down to nuclear shutdown — 31 December 2009, 03:07 CET

Lithuania braced for the EU-ordered shutdown of a key nuclear plant on Thursday, a move set to push up electricity prices in a deep economic crisis and leave it counting on former master Moscow for power.

Lithuania questions France-Russia warship deal: ministry — 25 November 2009, 17:07 CET

Lithuania Wednesday joined Estonia in pressing France to explain plans to sell an assault ship to Russia, which have sparked jitters in the Baltic states amid tensions with their Soviet-era master Moscow.

Representation of the European Commission in Lithuania — 20 November 2009, 23:05 CET

Contacts of the European Commission representation in Lithuania.

Lithuania: Economy Overview — 20 November 2009, 23:05 CET

Despite Lithuania's EU accession, Lithuania's trade with its Central and Eastern European neighbors, and Russia in particular, accounts for a growing percentage of total trade. Privatization of the large, state-owned utilities is nearly complete. Foreign government and business support have helped in the transition from the old command economy to a market economy.

Lithuania Investment Climate 2009 — 20 November 2009, 23:05 CET

Fighting the challenges of a global financial crisis and an economic slowdown, Lithuania boasts a strong banking sector, an educated workforce, good quality of life at relatively low cost, and the legal protections afforded by the rule of law. Prevalent petty corruption, an abundance of bureaucratic red tape, and the lack of an effective national strategy to attract new investment prevent the investment climate from being better.

Access to finance — 20 November 2009, 23:05 CET

The Law on Small and Medium Size Business Development of the Republic of Lithuania that came into force on 1 January 2008 defines the types of small and medium size businesses, the forms of state aid available to them and other important relevant provisions.

Setting up a business in Lithuania — 20 November 2009, 23:05 CET

An overview of the process of starting a new business in Lithuania.

Lithuanian leader suspects her country hosted CIA jail — 20 October 2009, 16:38 CET

Lithuanian President Dalia Grybauskaite said Tuesday she had "indirect suspicions" that the Baltic state hosted a secret CIA prison for terror suspects, as a senior European official called for a beefed-up probe.

Moody's downgrades Lithuania ratings — 29 September 2009, 22:03 CET

International credit rating agency Moody's said on Tuesday that it had downgraded ex-communist Lithuania, citing the former European Union tiger's deep economic crisis.

Belarus wants strategic partnership with EU: Lukashenko — 16 September 2009, 17:22 CET

Belarus's strongman President Alexander Lukashenko said Wednesday he wants to forge a new strategic partnership with the European Union in the latest sign of a thawing in once frosty ties.

Lithuania investigating CIA prison claim: president — 25 August 2009, 14:40 CET

The Lithuanian parliament will launch an inquiry into allegations that the Baltic state hosted a secret CIA prison to hold terror suspects, President Dalia Grybauskaite announced on Tuesday.

EU's green shoots offer little comfort for Lithuania — 16 August 2009, 10:36 CET

Green shoots of economic recovery elsewhere in the European Union are little cause for comfort in the Baltic state of Lithuania, which is sinking ever deeper in the worst recession of the EU bloc.

Lithuania faces Europe's worst recession — 06 August 2009, 18:18 CET

Lithuania faces the steepest recession in the European Union this year as the Baltic state's economy is set to contract by 19.3 percent, new data from the central bank showed on Thursday.

Brussels praises Lithuania budget cuts — 27 July 2009, 18:14 CET

Belt-tightening measures voted through by Baltic eurozone hopeful Lithuania in the face of one of the deepest economic recessions expected anywhere this year were praised Monday by Brussels.

EU launches excessive debt action against five nations — 07 July 2009, 23:23 CET

The European Union launched action against Latvia, Lithuania, Malta, Poland and Romania on Tuesday over excessive national budget deficits brought on by the economic crisis.

EU budget chief Grybauskaite elected president of Lithuania — 18 May 2009, 12:57 CET

The European Union's budget chief Dalia Grybauskaite won a resounding presidential election victory in her homeland Lithuania, with 69 per cent of the vote, official results showed Monday.

Lithuania and the euro — 04 February 2008, 00:05 CET

Lithuania joined the European Union in 2004 and is currently preparing to adopt the euro.

Lithuania country profile — 04 January 2010, 23:34 CET

Lithuania is the southernmost of the three Baltic states – and the largest and most populous of them. Lithuania became a member state of the European Union on 1 May 2004.

Lithuania business — 04 August 2006, 17:31 CET

Lithuania business web links - Business Patrol