Lithuania

Lithuania welcomes EU cash for Sweden undersea electricity link

Andrius KubiliusVilnius - Lithuanian Prime Minister Andrius Kubilius welcomed a European Union decision Friday to allocate 175 million euros (240 million dollars) towards laying an undersea "power link" from Sweden to either to Lithuania or Latvia.

"The decision is most welcome as it not only enables us to build an interconnection with Sweden which is important for all Lithuanian energy consumers but also testifies to the feeling of solidarity that the European Union showed again," Kubilius said.

Lithuanian premier talks up euro adoption chances

Lithuanian premier talks up euro adoption chances Vilnius - One hundred days after he swept to power in a general election, Lithuanian Prime Minister Andrius Kubilius sounded an optimistic note Wednesday about his country's chances of adopting the euro.

Speaking to reporters after a meeting with President Valdas Adamkus, Kubilius said Lithuania would be ready "at any time" to replace its national currency, the lita, with the pan-European currency.

Lithuania attempts to quash devaluation rumours

Lithuania attempts to quash devaluation rumours Vilnius  - Lithuania's central bank intervened Monday to quell devaluation jitters that have gathered pace in the Baltic state in recent days.

After a weekend during which currency exchange offices reported unusually strong demand for foreign currency, Reinoldijus Sarkinas, governor of the Bank of Lithuania, declared that there was no plan to change the current exchange rate of the national currency, the litas.

Latvia and Lithuania top EU inflation figures

Latvia and Lithuania top EU inflation figures Riga/Vilnius - Struggling Baltic economies Latvia and Lithuania retained the highest inflation levels in the European Union, according to official figures released Monday.

In Latvia, whose government collapsed last month, the consumer price index (CPI) rose by 1.1 per cent from January to February.

Latvia's year-on-year inflation figure now stands at 9.6 per cent, but economist Olga Ertuganova warned deflation was likely to be a bigger problem later in the year.

Lithuania's Capital of Culture triumph turns sour

Lithuania's Capital of Culture triumph turns sourVilnius  - Vilnius' year as one of two European Capitals of Culture (ECC) was supposed to be a chance to showcase the Lithuanian capital to the rest of the world - but less than three months into 2009, the title seems to have become as much a curse as a blessing.

The project has seen its funding slashed, a police raid on its administrative office, staff laid off, and the sacking of its director, Elona Bajoriniene.

Lithuanian EU Commissioner quashes lesbianism rumour

Lithuanian EU Commissioner quashes lesbianism rumourVilnius - The European Union's Financial Planning and Budgets Commissioner, Dalia Grybauskaite, who will be a candidate in Lithuania's May presidential election, denied Friday that she is a closet lesbian.

Taking part in an online question-and-answer session on a popular Lithuanian website, Grybauskaite was asked "The press covered a story a few years ago saying you are in a relationship with another woman... As a voter, I would like to know what your sexual orientation is."

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