Norway

A recent study commissioned by Finland has outlined the pros and cons of the country joining NATO.

While banks in Lithuania are resilient enough to possible shocks in the financial markets, a possible burst of the real estate bubble in Scandinavia presents a potential hazard, according to Lithuania's central bank.

Norvegijoje vykstančiose penkių dienų „Tour of Norway“ dviratininkų lenktynėse „Delko Marseille Provence KTM“ ekipai atstovaujantis Evaldas Šiškevičius antrą etapą baigė 60-as ir bendroje įskaitoje iš 33-ios pozicijos nukrito į 56-ą.

Norway will allow increased production from its biggest natural gas field as Europe’s second-largest supplier of the fuel prepares for increased competition with Russia and the United States, Bloomberg reports.

Lithuania remains among the countries with the largest share of national income coming from remittances even though the level of remittances dropped by 22.1% in 2015.

Lithuanian company Suslavičius-Felix, which makes a range of sauces and ketchup and is owned by Norway’s Orkla Group, is moving production of international brands from its Lithuania facility at Kaunas to Orkla Foods’ production plants in Latvia, Sweden and Austria.

Norway’s state oil fund more than doubled its investment in Lithuanian government bonds last year, increasing its holdings from €76 million (711 million NOK) in 2014 to €178 million (1.6 billion NOK) in 2015.

Norway has ratified the Hague Convention on the protection of children and on cooperation on international adoptions, and this will directly affect Lithuanian families bringing up their children in Norway.

Lithuanian entrepreneurs have been turning away from Russia as their primary market for exports and setting their sight on the Nordic countries. However, different rules apply in Scandinavia, with easy profits hard to come by.

Klaipėda University‘s training sailboat Brabander is preparing for its longest journey yet – a 5,000-mile-long odyssey along the coast of Norway, a brief pause in the Shetland and the Faroe Islands, and then around Iceland.

With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop.

Lithuania will import more gas from Norway than from Russia in 2016 for the first time after closing a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure, Lithuania's energy minister said on Monday.

Lithuania’s state-owned gas supply company Lietuvos Dujų Tiekimas (Lithuanian Gas Supply, or LDT), which has until now purchased gas only from Russia’s Gazprom, will buy it from Norway’s Statoil.

Norway’s biggest bank DNB has called for the country to completely abandon hard cash, but how would Lithuanians react to such a move here?

Russia's gas behemoth Gazprom will have to be more flexible in order to sell gas in Lithuania, Energy Minister Rokas Masiulis said on Tuesday, commenting on a liquefied natural gas (LNG) purchase deal reached between Achema, the country's largest gas consumer, and Norway's Statoil.

Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway's Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%.

Lithuania will perform in the second semi-final of the Eurovision Song Contest 2016 on May 12, according to the results of the allocation draw on Monday.

Litgas, the gas trading arm of the state-owned energy group Lietuvos Energija, will sign a renewed liquefied natural gas (LNG) supply contract with Norway's Statoil on Monday.

With the tragedy in Kėdainiai district, some Lithuanians are now asking how the Norwegian child welfare service, Barnevernet, would have responded to such an incident and what Lithuania could learn from Norway’s approach.