Tag: Lithuania

#JunckerPlan in #Lithuania – Vilnius Factoring Company to issue €10 million in new microloans with EIF support

#JunckerPlan in #Lithuania – Vilnius Factoring Company to issue €10 million in new microloans with EIF support

| August 28, 2019

Vilnius Factoring Company, a private lending company in Lithuania, has signed an agreement with the European Investment Fund (EIF) to issue microloans of up to €25,000. Micro-enterprises and farmers in Lithuania can now benefit from non-banking funding opportunities under the EU Programme for Employment and Social Innovation (EaSI). The company is issuing microloans up to a total […]

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#Lithuania new chief of defence has no chance

#Lithuania new chief of defence has no chance

| July 30, 2019

Lithuania’s new chief of defence, Major General Valdemaras Rupsys (pictured), calls himself a realist though it seems as if he is a fatalist with no hope to change anything in the national armed forces, writes Adomas Abromaitis. Major General Valdemaras Rupsys says he will seek to accelerate new armored vehicle and artillery system purchases if […]

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#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

| June 5, 2019

The European Commission has opened an in-depth investigation to assess whether Lithuanian support to energy company AB Lietuvos Energija in the context of a strategic reserve measure may have unduly favoured the company and distorted competition in the Single Market, in breach of EU state aid rules. The Commission’s investigation concerns an electricity strategic reserve measure, which […]

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#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

| June 4, 2019

The European Commission has opened an in-depth investigation to assess whether Lithuanian support to energy company AB Lietuvos Energija in the context of a strategic reserve measure, which was in place in Lithuania until 2018, may have unduly favoured the company and distorted competition in the Single Market, in breach of EU state aid rules. […]

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#OperationalTaskForce leads to dismantling of one of Europe’s most prolific crime groups

#OperationalTaskForce leads to dismantling of one of Europe’s most prolific crime groups

| May 22, 2019

A highly professional and dangerous international organized crime group was dismantled last week after a complex investigation carried out in the framework of a Joint Operational Task Force, established at Europol, between the Lithuanian Criminal  Police Bureau, the British HM Revenue and Customs, the Polish Police Central Bureau of Investigation, the Estonian Central Criminal Police […]

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Quality of life in #Latvia is not a priority

Quality of life in #Latvia is not a priority

| May 17, 2019

Four presidents, 14 governments and eight Seimas have changed in Latvia over the past 20 years. The country joined the European Union and NATO, and then switched to the euro. But have Latvians become better off? Has their quality of life improved? Statistics shows that the general well-being of population remains very low. Political turbulence […]

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#Trump buys #Lithuania, EU cannot stop it

#Trump buys #Lithuania, EU cannot stop it

| February 6, 2019

US President Donald Trump is no doubt a successful businessman who rules his country as if it is a huge enterprise. And this kind of management, to his mind, should lead to success. And very often it really works. As a wise leader he uses different tools to reach his goals. Thus, the most cunning […]

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