Comments on: Lithuania: the good

By: jeff

jeff — Mon, 06 Jul 2009 00:07:36 +0000

sounds like Vilnius adopting the euro

By: Rafal

Rafal — Sat, 04 Jul 2009 00:44:27 +0000

Here's an article relating to the Lithuania Power situation.

By: Reed Reppa

Reed Reppa — Thu, 02 Jul 2009 13:46:27 +0000

RE: Dec 31, 2009
You’ve got me stumped. I’m not sure but could the news item below have something to do with it?
Lithuania will consider accepting a loan through the International Monetary Fund’s new flexible credit line program if the country qualifies, Baltic Business News reported May 4. The Lithuanian Finance Ministry said the government will attempt to stabilize finances on its own before seeking the loan, and the ruling coalition is considering implementing a progressive tax system, real estate tax increases and government wage cuts to stabilize finances.
-Looking forward to more of your great work.
~Reed
Del Mar, CA
OH! You’re my new favorite blogger fyi

By: I am Zon

I am Zon — Thu, 02 Jul 2009 12:42:50 +0000

Love to see some comparisons and contrasts between the most attractive Eastern European countries …

Have not got a clue regarding the changes under foot. But I do not want to be a scaled dog for sure.

By: Reed Reppa

Reed Reppa — Thu, 02 Jul 2009 04:10:26 +0000

By: Vic

Vic — Thu, 02 Jul 2009 04:09:34 +0000

Is it because that is when the litas will be replace with the “Who-Owes-You-Nothing” Euro?

By: Michael Girone

Michael Girone — Wed, 01 Jul 2009 23:06:33 +0000

Sure, I know…The exhibit “Three decades of Klaipeda Arts” from the Panorama of the Lithuanian Museums terminates on December 31, 2009.

By: Hugh Nile

Hugh Nile — Wed, 01 Jul 2009 22:16:34 +0000

The planned closure of its Ignalina nuclear power plant on December 31, 2009. Ignalina supplies 70 per cent of Lithuania’s electricity. This leaves it dependent on Russia for power & Russia has already cut off its oil line for “repairs” which don’t get done…

By: LC

LC — Wed, 01 Jul 2009 21:44:28 +0000

They’re swapping to Euro in 2010 so all their prices should have a double digit jump over night making them a lot less competitive. Interesting tax code in Lithuania, in Canada ours is pathetic, if I call Revenue Canada with a question I get passed to at least 4 different departments and in the end the so called “tax expert” can’t answer the question. He actually told me to consult an accountant! I’d love a flat reasonable tax like Lithuania.

By: big ed

big ed — Wed, 01 Jul 2009 21:25:29 +0000

scalded dog can be acceptable with a dry white wine and polenta.

By: Me

Me — Wed, 01 Jul 2009 21:20:49 +0000

A whole host of tax changes. None of which are good for anyone.

By: Panman

Panman — Wed, 01 Jul 2009 20:42:02 +0000

Are there any other citizenship options other than marriage if you’re born after 1940?

Panman

By: Jeff Federman

Jeff Federman — Wed, 01 Jul 2009 18:51:22 +0000

The dangers that face the country is the planned closure of its Ignalina nuclear power plant on December 31, 2009. Ignalina supplies 70% of Lithuania’s electricity, and when the plant is shut down Lithuania will be almost entirely dependent on Russia for its energy.

By: Pierre

Pierre — Wed, 01 Jul 2009 18:26:39 +0000

My first guess is that they are adopting the euro

By: Jennifer

Jennifer — Wed, 01 Jul 2009 17:57:23 +0000

As of January 1st 2010 amendments to the tax system, adopted at the end of 2009, will come into place and will not bode well for the property market or personal income. Tax on self-employed people will increase to 23% and the retirement age will be gradually increased. VAT may also increase if the government’s objective to increase revenue and reduce expenditures is not met.

By: Tony

Tony — Wed, 01 Jul 2009 17:54:22 +0000

Would that be the closing of the nuclear power plant, 70% of the electricity for the country?

By: Gary Smith

Gary Smith — Wed, 01 Jul 2009 17:48:38 +0000

I believe the idiots in charge in Lithuania are going to adopt the Euro currency, thereby removing a lot of flexibilty from their financial future. I think they are hoping to gain access to ‘free’ money in the form of handouts and development loans etc, but it will probably end up caúsing lots of unemployment due to the introduction of a minimum wage that is higher than local business can afford – similar to what has happened to the east of Germany following reunification. Of course they are likely to follow the usual pattern of countries that get subsumed by the EU ‘empire’ and succumb to increased taxes and legislation

By: Roger

Roger — Wed, 01 Jul 2009 17:24:35 +0000

They are closing their nuclear power plant which has been providing 70% of their electricity.

At that point they will be 100% dependent on Russia for Energy.

Seems Russia sometimes takes advantage of a situation like that.

Regards,
Roger.

By: Roger

Roger — Wed, 01 Jul 2009 17:18:56 +0000

They are closing their nuclear power plant which has been providing 70% of their electricity.

At that point they will be 100% dependent on Russia for Energy.

Seems Russia sometimes takes advantage of a situation like that.

Regards,
Roger.

By: bill huggins

bill huggins — Wed, 01 Jul 2009 17:16:47 +0000

let me guess…..all the good looking college girls are graduating and moving out of the country?????
Bill