Andrius Kubilius News
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A Polish minority party joined three other Lithuanian parties seeking the president’s approval to form a government, giving the proposed coalition a three-fifths majority in parliament.
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Lithuanians are voting in a second round of elections as opposition parties vie to lead a new coalition replacing Prime Minister Andrius Kubilius’s austerity- focused government.
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Lithuania’s president is blocking a plan by the country’s election-winning opposition alliance to form a governing coalition, which may open the way for the current ruling party to remain in power.
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Lithuanian opposition parties will jostle in a second round of elections to lead a new ruling coalition that’s set to replace Prime Minister Andrius Kubilius’s austerity-focused government.
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Lithuania’s new government emerging from this weekend’s elections will have to keep cutting the budget deficit or risk higher interest rates, said Lars Christensen, chief emerging-markets economist at Danske Bank A/S.
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Lithuania’s opposition Labor Party and Social Democrats lead Prime Minister Andrius Kubilius’s party after a first round of voting in parliamentary elections.
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Lithuanians went to the polls today in an election that’s set to oust the government after austerity measures intensified the Baltic nation’s deepest recession, triggering record-high unemployment and an exodus of workers.
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Lithuania’s Labor Party is leading parliamentary elections after a first round of voting, making it most likely to lead a new coalition, an exit poll showed.
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Lithuanians are set to oust their government after austerity measures intensified the Baltic nation’s deepest recession, sending unemployment and inequality to record highs and prompting an exodus of workers.
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Lithuania’s government approved the 2013 budget draft with a deficit within the European Union limit of 3 percent of economic output.
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