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Prime Minister Continues Hunt for Investments
2010/06/04
The Prime Minister of Lithuania Mr Andrius Kubilius is paying his working visit to Stockholm on the 9th June, 2010. The purpose of this visit is to follow up (overlook) dynamic and intensive bilateral economic relations between both countries and to spread out the message to Swedish business community on Lithuania’s economic outlook and Government’s policy priorities. Mr. Andrius Kubilius will meet the Prime Minister of Sweden Mr Fredrik Reinfeldt. The Prime Minister’s delegation also involves the Lithuanian Minister of Economy Mr Dainius Kreivys.
Lithuania faces no immediate Greek crisis (from the Prime Minister’s interview for Reuters Insider TV)
2010/06/03
Lithuania does not face the immediate prospect of a Greek debt and deficit crisis, but would do in a couple of years if it does not take fiscal consolidation measures now, Prime Minister Andrius Kubilius said on Tuesday.

Last week Kubilius told parliament that his country, which has slashed spending and raised taxes amid a deep recession, must steel itself for more austerity if it wants to avoid a Greek-style debt crisis.

Heads of Government of the Baltic Sea States Adopted Vilnius Declaration
2010/06/02
On 2 June in Vilnius, Heads of Government of the Baltic Sea States, adopted the key document of the 8th Baltic Sea States Summit – the Vilnius Declaration “A Vision for the Baltic Sea Region by 2020”.
The document states the conviction that using the strengths of the existing cooperation frameworks and the accumulated experience, the Baltic Sea Region has the potential to become one of the most prosperous, innovative and competitive regions in the world.
Andrius Kubilius: Western Union is yet another result of consistent
2010/05/28
Prime Minister Andrius Kubilius welcomed the choice of Western Union, the international financial services company and leader of innovations, to invest in Lithuania and stressed that this move was yet another proof that consistent efforts by the Government to attract global high-tech leaders to Lithuania yield excellent results.
Steve Forbes: Europe`s Unsung Heroes
2010/05/26
The publication in www.forbes.com and Forbes Magazine from the interview with the Prime Minister Andrius Kubilius during his visit in USA:
Not every recession-hit country in Europe is like wayward Greece, Portugal and Spain.
Recently Prime Minister Andrius Kubilius of Lithuania dropped by our offices to discuss his small country`s economic prospects. Unlike Greece, which has garnered headlines for its economic woes, Lithuania more than a year ago firmly faced up to the economic crisis and took stern measures. Government spending was slashed by 30%. Public-sector salaries were cut 20% to 30%. And pensions were knocked down an average of 5%. The prime minister himself took a pay cut of 45%. Yes, some taxes were raised, and the corporate rate was hiked from 15% to 20%. But then it was knocked back to 15% in January. And Lithuania`s flat tax--also 15%--was left alone. Amazingly, Lithuanian unions went along with the government`s policies. There were no street riots à la Greece.