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Orlen waffles on selling refinery

Orlen waffles on selling refinery

VILNIUS — It appears PKN Orlen is vacillating in its deciding to put its Lithuanian oil refinery on sale. During a meeting with Lithuanian President Dalia Grybauskaitė on Wednesday, Polish President Bronisław Komorowski said that the partially state-owned PKN Orlen will not be selling the Orlen Lietuva refinery in Mažeikiai, Lithuania. In statements to the […]

In pictures: the Gauja National Park

In pictures: the Gauja National Park

SIGULDA, Latvia — There’s something mystical about the Gauja National Park. Between the thick pine forests, the sandstone cliffs, the castles and the occasional fog, it has an atmosphere all it’s own and is widely considered the best place for natural beauty in Latvia. It’s been called “Livonia’s Switzerland.” That’s a bit misleading as those […]

Unemployment up in Lith, steady in Latvia

Unemployment up in Lith, steady in Latvia

VILNIUS — Despite improving gross domestic product numbers as Latvia and Lithuania emerge from deep recessions, unemployment numbers have yet to improve. According to the most recent domestic figures from the country’s central statistics bureau, Latvian unemployment is no longer increasing but stuck at a steady 15 percent. Meanwhile Eurostat’s numbers continue to be higher, […]

Kanepi falls short against Hantuchová

Kanepi falls short against Hantuchová

NEW HAVEN, Connecticut — Kaia Kanepi has entered a losing streak after her impressive win against no. 14 Shahar Peer earlier this month, losing the second round at Montreal and out in the first in New Haven. Kanepi was defeated in only two sets by Daniela Hantuchová, with the Slovakian brushing her aside after a […]

In pictures: exploring Estonia’s islands

In pictures: exploring Estonia’s islands

KURESSAARE, Estonia — What does Estonia have that Latvia and Lithuania don’t? Well, that’s actually a long list, but for this post we’ll only focus on one — islands. Specifically Hiiumaa and Saaremmaa. Largely unscathed by communist-era and even post-independence development, Estonia’s two largest islands are like an open air museum of life in Estonia […]

Baltic Way monument unveiled in Vilnius

Baltic Way monument unveiled in Vilnius

VILNIUS — Twenty-one years after the Baltic Way united Estonia, Latvia and Lithuania with a human chain to protest against the Soviet occupation, a new monument commemorating the event was unveiled in Vilnius. On Monday President Dalia Grybauskaitė, Prime Minister Andrius Kubilius, Speaker of the Seimas Irena Degutienė, former President Valdas Adamkus and Sąjūdis leader […]

On video: Vilnius’ first bicycle rally since hit-and-run

On video: Vilnius’ first bicycle rally since hit-and-run

VILNIUS — Vilnius’ first large-scale bicycle rally since April’s Critical Mass, which sent two people to the hospital after a hit-and-run incident, was held on Sunday and went off without a hitch, thankfully.

Salaries to start increasing?

Salaries to start increasing?

VILNIUS — A new survey conducted by the Hay Group indicates that more than a third of Lithuanian employers plan to increase salaries next year. As with other economic indicators, wages in the Baltic states have been on a rollarcoaster over the past decade, shooting up from 25 percent of the European Union average to […]

Agrowill ups share capital €18 mln

Agrowill ups share capital €18 mln

VILNIUS — In an extraordinary shareholder’s meeting on Monday Lithuanian agribusiness conglomerate Agrowill agreed to increase the company’s share capital by 65 million litai (€18 million) to fund new projects. Exactly what the equity financing is planned to be covering was not disclosed by the company. The increased share capital will allow Lithuanian private equity […]

Another storm ravages Lithuania

Another storm ravages Lithuania

VILNIUS — The second violent storm to hit Lithuania this month caused power outages throughout the country including the cities of Kaunas and Šiauliai and felled numerous trees. The storm hit late Sunday evening, with the strongest winds being recorded in Kaunas at 20 m/s. On Monday about 4,000 households were without power, all of […]

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