The European Bank for Reconstruction and Development (EBRD) is ready to acquire the minority stake at Parex banka, making an investment of EUR 100 million (LVL 70 million), Prime Minister Valdis ...

Nordea, the largest Nordic bank, which today employs around 34,000 people, intends to cut 2,000 jobs across the region by the end of 2012 to counter the effects of rising costs, according to a ...

In the middle of October, Lithuania's Company Vilkyskiu Pienine will start to sell out the products marked by special export sign Vilvi, which were intended for Russia in Lithuania, informs LETA/ELTA.

Vilnius Municipality Council on Friday confirmed the detailed plan of the site in Pylimo street, where the cinema theater Lietuva stands. The company Rojaus Apartamentai will be able to demolish the ...

Next year the budget priority of Riga Municipality is going to be providing social aid, Mayor of Riga Janis Birks (For Fatherland and Freedom/LNNK) informed the media representatives after a meeting ...

The most expensive car, sold in Lithuania in 2013, is a Bentley Mulsanne sedane, which costs 776,000 litas, reports LETA, referring to the business news portal Verslo Zinious. The second most ...

The motion to remove Krotovs came from six opposition council members regarding the situation with the Stendes nami company. Due to significant debt, the company’s buildings in all of Stende are on ...

Former world cycling champion Romans Vainsteins has become the head coach of the Latvian national bicycle road racing team, as Latvian Cycling Federation informed LETA. All members of the Cycling ...

The exhibition "Zoo Photography. Kaunas. The Last Decade of the Soviet Era" will take place in Vilnius from February 11 till April 3, 2011, in Lithuanian National Art Gallery, as its statement says.

Large-scale entrepreneur Harry Männil, whom the Simon Wiesenthal centre accused of war crimes but who was cleared of any wrongdoing, died on Monday at the age of 89 in San Jose, Costa Rica, ...

31 thousand foreigners are residing in Lithuania at the moment. The majority of them are EU citizens. However, it has been noticed that more and more Africans and Asians are becoming interested in ...

This is it, my friends! It happened! We finally found someone willing to take over and continue our business. In the year of our 25th anniversary, in June – precisely the month the first ever issue of ...