Struggling companies will be given a second chance to improve their financial situation under new rules on insolvency approved by MEPs on 20 May. Every year 1.7 million jobs are lost in the EU due to companies going bankrupt. Under the new legislation on cross-border insolvencies, companies in financial difficulties but otherwise sound are given another opportunity to turn the situation around. The plans also include measures to help firms before they go bust.

The Seimas of Lithuania has adopted amendments to the Law on Tourism to reinforce consumer (tourist) protection and monitoring of tourism service providers.

The Latvian airline airBaltic will replace Air Lituanica flights and rescue the stranded passengers, affected by today's suspension of operations of the Lithuanian carrier.

In the first four months of 2015 the State Social Insurance Fund (Sodra) budget revenue was the highest since its establishment and totalled EUR 945.7 million.

Yesterday afternoon, a "Kursis M-54" mine countermeasures vessel of the Lithuanian Navy, found the missing Lithuanian aircraft "An-2".

Under preliminary unaudited information, in January-March 2015, sales revenue of Lietuvos Energijos Gamyba, Lithuania's national electricity generation company, was EUR 37.23 million and has decreased by 10.9% in comparison to January-March 2014 (EUR 41.79 million).

Prime Minister of Lithuania Algirdas Butkevicius on Monday joined the initiative No Country for Shadow, which is aimed against the underground economy and is held for the 4th time. In Vincas Kudirka Square the prime minister distributed leaflets to passersby and discussed with them about the harm of the shadow economy.

Travelport (NYSE:TVPT), a leading Travel Commerce Platform providing distribution, technology, payment and other solutions for the $8 trillion global travel and tourism industry, today announces a new participation agreement with Lithuanian based carrier, Air Lituanica. The airline has also signed up for Travelport's industry leading merchandising solution.

As of 5 May 2015, a group of staff officers from the Joint Staff of the Lithuanian Armed Forces is taking part in a command post exercise (CPX) Trident Jaguar 2015 of the UK-led Headquarters Allied Rapid Reaction Corps (ARCC) in composition of the Danish Division in Norway, reports Lithuania's Ministry of National Defence.

The European Commission (EC) said in its recommendations for Lithuania that in 2015-2016 it should not only ensure fiscal sustainability but also improve the performance of its healthcare system.