The Ministry of Energy in Lithuania is one year lagging behind on the implementation of the priority measure of the Government Programme for 2012-2016: to review the guiding principles concerning the public service obligations (PSOs) and their compensation procedure. In the light of this fact the NAOL conducted a preliminary study, which aimed to identify risks arising due to the application of the unreviewed PSO scheme.

In the first quarter of 2015, the annual growth rate1 of Lithuania's financial assets (5%) exceeded that of liabilities (4%). Net borrowing of the total economy was EUR 179 million; it comprised 2.2% of GDP.

The EU and its member states should make multinationals report their financial performance, tax details, assets and employee numbers country by country, so as to help fight tax evasion and illicit money flows in developing countries, says Parliament in a non-binding resolution voted on Wednesday. MEPs also call on EU financial institutions to ensure that companies receiving EU support do not "participate" in tax evasion.

President Dalia Grybauskaitė met with members of the American-Lithuanian Business Council to discuss the business environment and investment climate in Lithuania, as well as the ongoing geopolitical situation.

The eurozone's bailout fund said on July 8th Greece had formally submitted a request for a new aid program, just days before a final deadline to reach a debt deal.

Pursuant to preliminary data as of the 2nd of July 2015, the cargo handling turnover in Klaipeda Seaport in June of 2015 increased by 13,9% or by 402,4 thou. tn to 3,29 mln tn comparing with June of 2014.

Bronius Markauskas, deputy chairman of the Lithuanian Chamber of Agriculture, says that if Lithuanian milk producers and processors do not reach an agreement, milk production in the country this autumn could fall to 50%.

Litgrid, the Lithuanian electricity transmission system operator, has prepared and submitted to the National Control Commission for Prices and Energy Ten-Year Network Development Plan for 2015 – 2024.

In the early hours of 30 June 2015, after 12 hours of negotiation, the Latvian presidency reached a provisional deal with the European Parliament on new rules to end mobile phone roaming fees and safeguard open internet access, also known as net neutrality rules. For the Council, the agreement still has to be confirmed by member states.

Statistics Lithuania and the Bank of Lithuania inform that in I quarter 2015, the foreign direct investment (FDI) flow into Lithuania and the Lithuanian direct investment flow abroad was on the increase. Please note that this news release presents FDI calculated by applying directional principle, i.e. by estimating reverse investment. Therefore, the data differ from the direct investment information provided in the balances of payments and international investment where assets and liabilities principle is applied for the calculation of the said investment.