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Lithuanian report
by Euro Reporter
2012-04-22 10:18:30
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Lithuania refuses Investtorgbank permission to open an office

The Lithuanian central bank declined to allow Russia’s Investtorgbank OAO to open an office in the country on the ground that the lender failed to provide full information about its shareholders, the central bank said in an e-mailed statement.


Lithuania says inflation will probably slow to 2.9% in April

Lithuanian inflation, calculated according to European Union standards, will probably slow to 2.9 percent in April, the statistics office said. Consumer prices, which advanced 3.7 percent from a year earlier in March, may rise 0.3 percent in April from the previous month because of higher fuel and clothing costs, the office in the capital, Vilnius, said today on its website.


Lithuania government approves Jewish compensation fund

Lithuania's government on Wednesday approved a foundation to allocate 128 million litas ($49.45 million) in compensation for Jewish communal property appropriated during Nazi and Soviet times. The step follows last year's decision by the parliament to pass a special law after years of negotiations and calls from Lithuania's Western allies, including the United States, to reach the settlement.

"It's a historical step. As far as I remember, it took 18 years to arrive to this date," Simonas Alperavicius, chairman of the Lithuanian Jewish Community (LJC), told Reuters. The government press statement quoted him as telling the cabinet members that their decision was "a miracle". The funds, which could be used to support Jewish life and heritage in the Baltic state, would be jointly administered by the LJC and the World Jewish Restitution Organization.

The payments are to be spread over a ten-year period. The first payment of $1.15 million will be used to assist the needy Lithuanian Holocaust survivors. Alperavicius said there were about 4,000 Jews left in Lithuania, which saw 90% of its Jewish community wiped out in the Holocaust.


Nagorno-Karabakh problem must be resolved peacefully

The Nagorno-Karabakh problem must be resolved peacefully. There is no other way to resolve the conflict, Lithuanian ex-president and former chairman of the Sejm, member of the European Parliament Vytautas Landsbergis said. Azerbaijan must defend its just position in all international organisations, he said at a meeting with students of the Academy of Public Administration in Baku today.

The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. Armenian armed forces have occupied 20 per cent of Azerbaijan since 1992, including the Nagorno-Karabakh region and seven surrounding districts. Azerbaijan and Armenia signed a ceasefire agreement in 1994. The co-chairs of the OSCE Minsk Group - Russia, France and the U.S. - are currently holding peace negotiations.

Armenia has not yet implemented the U.N. Security Council's four resolutions on the liberation of the Nagorno-Karabakh and the surrounding regions. Lithuania is interested in restoring peace and stability in the South Caucasus region. Azerbaijan is a developing country which Europe needs, he added. He said that Azerbaijan has the right to apply to the EU with a request to mediate in the Nagorno-Karabakh conflict settlement.

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