The Bank of Lithuania allowed AB Bank SNORAS to acquire AB bank “Finasta”

During the meeting, which took place on 3 September 2009 the Bank of Lithuania approved the transaction, according to which AB Bank SNORAS will acquire 100 percent of the shares of AB “Finasta įmonių finansai” owning AB bank “Finasta”. more »

Business And Eeconomics

Published: 04/09/2009

Commission proposes fishing opportunities for the Baltic Sea for 2010

The European Commission tabled yesterday its proposal on fishing possibilities for fish stocks in the Baltic Sea for 2010. more »

Business And Eeconomics

Published: 04/09/2009

European bank data transfers must comply with European standards, say MEPs

Members of the Civil Liberties Committee voiced concern on Thursday over the interim agreement under negotiation between the EU and the United States on data transfers via the SWIFT network. more »

Business And Eeconomics

Published: 04/09/2009

EU invests in building independent consumer magazines and websites in Cyprus, Czech Republic, Hungary, Poland, Romania and Slovenia

Consumers in Cyprus, the Czech Republic, Hungary, Poland, Romania and Slovenia now have access to consumer magazines and websites, which provide independent, comparative testing of consumer products, following a three-year EU project co-financed by the European Commission. more »

Business And Eeconomics

Published: 03/09/2009

“SNORAS Asset Management” will establish renewable energy sources fund

Funds management company “SNORAS Asset Management” will establish the first alternative investment fund in Lithuania - “SAM Renewable Energy Fund”. more »

Business And Eeconomics

Published: 03/09/2009

European innovation policy – successes but also new challenges

The re-launched Lisbon Partnership for growth and jobs has put innovation and entrepreneurship at the centre and called for decisive and more coherent action by the Community and the Member States in view of mastering the shift towards knowledge based low carbon economy. more »

Business And Eeconomics

Published: 03/09/2009

Milk prices: dairy farmers need help now and later, say Agriculture Committee MEPs

Helping dairy farmers now, as well as restructuring the dairy sector in the long run, is the way out of the current milk market crisis, Agriculture Committee MEPs told Agriculture Commissioner Mariann Fischer Boel in a debate on Tuesday. more »

Business And Eeconomics

Published: 02/09/2009

Lights out for traditional bulbs

The EU is phasing out traditional light bulbs over the next three years in favour of a new generation of energy-efficient lighting. more »

Business And Eeconomics

Published: 02/09/2009

Lithuania Raises VAT Rate

Lithuania increases the VAT rate from 19 % to 21 % from September 1, 2009. more »

Business And Eeconomics

Published: 01/09/2009

Thailand Eyes Clean Technology Fund and a Low-Carbon Future

Two recent joint missions from three development finance institutions helped Thailand identify low carbon projects that could be eligible for Clean Technology Fund financing. more »