EconomyLithuanians are building 'Akropolis'-type of shopping mall in Belarus2013-07-08, 17:40It has been already three months since Lithuanian construction workers started building 'Akropolis' type of shopping mall in Mink, Belarus. More than 100 Lithuanians are working on the project. On June 4-5, field meeting of the European Union energy and nuclear energy attaché is being held in Lithuania. Latvia's plans to switch to the euro from 1 January 2014 were strongly backed by MEPs during a vote on Wednesday 3 July. Burkhard Balz, who is responsible for this topic in EP, told us that support from Brussels would help to boost public support in favour of the single currency in Latvia. The latest polls show support is now about 40% and increasing. The final decision will be made by the EU's finance ministers on 9 July. The contract with IBM - terminated2013-07-04, 11:26This decision was made after the Research Centre of Lithuania (LTC) that was supposed to cooperate with IBM announced about its bankruptcy. EU budget: Parliament accepts deal on long-term budget2013-07-03, 16:20Parliament endorsed the outcome of its negotiations with the Council on the EU's long-term budget, the Multiannual Financial Framework (MFF) for 2014-2020, on Wednesday 3 July. Negotiations had led to an outcome on 19 June that Parliament deemed insufficient, but they resumed last week in the run-up to the European Council. EP president Martin Schulz, lead EP negotiator Alain Lamassoure (EPP, FR), Irish prime minister Enda Kenny, foreign minister Eamon Gilmore and European Commission president José Manuel Barroso struck an agreement that won the backing of the main political groups in Parliament and the member states.
Russia bans potato imports from all the EU2013-07-03, 12:16Starting on 1st of July, Russia has banned the potato imports from all EU countries, including Lithuania. Along with this, Russia does not allow to import fruit trees, crops, and flowers. The Bank of Lithuania proposes to curb microcredit companies2013-07-02, 13:42Lithuanians are borrowing more and more with the microcredit companies getting bigger every year. As of now, this business is not regulated by specific laws. The first Air Lituanica flight – sold out2013-07-01, 18:58Yesterday, on 30th of June, the Lithuanian airlines Air Lituanica launched its first flight to Brussels. The plane took off from Vilnius International Airport at 6:30 pm and landed in Brussels at 8:04 pm local time. The first flight was 95 % full with tickets selling out to other flights as well. Reform of the EU's agricultural policy2013-07-01, 10:05Agricultural spending accounts for about 40% of the European Union's annual budget and has been at the heart of EU policy since the very start of the European project. As the last revision of the agricultural policy dates from 2003 and 12 countries have joined the EU since then, it is clear that it must be updated in order to face new challenges. EP has now agreed what line to take and negotiations will start in earnest. Read on to find out more. Banks should operate on behalf of the real economy2013-06-19, 16:33The banking sector should be reformed so that retail banking activities such as taking deposits, operating bank accounts and granting loans, are separated from riskier activities such as trading with financial instruments and derivatives. That is the message of a report adopted by the EP's economic committee on 18 June. We spoke to Arlene McCarthy, a British member of the S&D group who wrote the report, about why an overhaul of the banking sector is needed. |
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