Germany is an important partner of Lithuania in the field of security and defence. It also serves as Lithuania’s strategic ally both within NATO and the European Union. At the same time, Germany has made a significant contribution to regional security by investing in military infrastructure in Lithuania and supporting the modernisation of the Lithuanian army. Currently, the...
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Lithuania has remained one of the leading countries in terms of support for Ukraine since the beginning of the Russian invasion. It is measurable, counted in hundreds of millions of euros, military, humanitarian, and financial aid given to a war-torn state and the refugees fleeing from it. There is also a Lithuanian voice in the international arena against the aggressor, expressed...
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Mažeikiai refinery in Lithuania, owned by ORLEN Lietuva (a PKN ORLEN S.A. subsidiary), is the only plant of its kind operating in the Baltic States. Oil products are exported both to neighbouring countries and to international markets through oil terminals at the Baltic Sea. Due to the tough market conditions, logistical problems, and the Lithuanian climate policy, the plant...
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September 14 marks 30 years since the establishment of relations between Lithuania and China. On the eve of the upcoming anniversary, the relationship between the two countries has been enflamed. Chinese authorities warn that “there is only one China in the world,” and they recalled China’s ambassador in Vilnius, which they have never done before in relation to a European...
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A series of bank scandals have overshadowed the reputation of the financial sector in the Baltic and Nordic States since 2018. The collapse of the bank in Latvia and the severe sanctions for banks in and Denmark that had branches in Estonia resulted from their money laundering for Soviet States, mainly Russia. In order to stop this illegal activity, the countries of the region, in...
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The increase in COVID-19 infections in the Baltic States in recent weeks has resulted in a number of restrictions, but the second lockdown will not affect the economies of the Baltic States as anticipated. Forecasts indicated that the recession in 2020 in Lithuania and Estonia would be one of the lowest in Europe. However, the most recent restrictions – such as the ban on moving...
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