Top Posts
Government shutdown drags into weekend as Senate Democrats...
Japan poised for first female prime minister after...
Iran executes 6 prisoners accused of carrying out...
Supreme Court’s emergency docket delivers Trump string of...
Democrats roll out new campaign ads targeting Republicans...
Silver Price Surges Above US$48, Approaches All-time High
Apollo Silver Announces Upsize of Private Placement Offering
Tech Weekly: Tech Stocks Brush Off US Government...
Top 5 Canadian Mining Stocks This Week: Prospector...
Editor’s Picks: Gold Price Sets Sights on US$3,900,...
  • Home
  • Investing
  • Politics
  • Economy
  • World News
Money Assets Saver
Politics

European prime minister resigns after protests over past financial dealings

by admin July 31, 2025
July 31, 2025

Lithuanian Prime Minister Gintautas Paluckas resigned on Thursday following protests in the country’s capital over investigations into his alleged business dealings. 

‘Gintautas Paluckas called me this morning and informed me of his resignation,’ Lithuanian President Gitanas Nausėda told reporters, according to Lithuanian National Radio and Television (LRT). Nausėda also said Paluckas made the right choice and welcomed the decision.

Nausėda recently gave Paluckas two weeks to decide whether or not to stay in his position.

‘The president has asked the prime minister to either give a reasoned answer to the questions raised by the public in the next two weeks, or to consider seriously his further options as prime minister,’ presidential adviser Frederikas Jansonas told reporters on July 24, according to LRT.

The prime minister’s resignation also comes after a smaller party threatened to exit the country’s ruling coalition unless Paluckas stepped down from his position.

After media outlets began publishing investigations into Paluckas’ business and financial dealings, Lithuania’s anti-corruption and law enforcement agencies launched probes of their own, according to the Associated Press. One of the cases against him is more than a decade old. 

In 2012, Paluckas was convicted of mishandling the bidding process for rat extermination in Vilnius, where he was serving as the director of the city’s municipality administration, the Associated Press reported. However, it has been revealed that he did not pay a chunk of the nearly $20,000 fine.

A more recent scandal involved a €200,000 ($228,777) subsidized loan that Garnis, a company Paluckas co-founded, received after Paluckas was already serving as prime minister, according to LRT. The outlet added that Lithuania’s Chief Official Ethics Commission is investigating the loan. 

Garnis was also linked to a more recent scandal involving the prime minister in which Dankora — Paluckas’ sister-in-law’s company — received EU funding and used it to purchase goods from Garnis. However, according to LRT, public outcry pushed Dankora to return the funds.

Paluckas denies any wrongdoing and claims the criticism is part of a ‘coordinated attack’ by his political opponents, according to the Associated Press. 

The prime minister’s resignation puts Lithuania in a precarious position, as it comes just before Russia and Belarus hold joint military exercises. Paluckas’ whole cabinet is expected to resign as well, possibly leaving the Baltic country without a functioning government just weeks ahead of the Russian-Belarusian exercises, according to the Associated Press. However, this may not impact Lithuania’s foreign policy, as Nausėda, who represents the country on a global scale, has been an ardent supporter of Ukraine during its years-long war with Russia.

This post appeared first on FOX NEWS

previous post
Homerun Resources Inc. Appoints Strand Hanson Limited as UK Financial Adviser to Explore Dual Listing on London Stock Exchange
next post
Apparent AI mistakes force two judges to retract separate rulings

You may also like

Iran executes 6 prisoners accused of carrying out...

October 4, 2025

Japan poised for first female prime minister after...

October 4, 2025

Government shutdown drags into weekend as Senate Democrats...

October 4, 2025

Democrats roll out new campaign ads targeting Republicans...

October 4, 2025

Supreme Court’s emergency docket delivers Trump string of...

October 4, 2025

Federal judge to sentence Justice Brett Kavanaugh’s attempted...

October 3, 2025

Hawley blasts FDA approval of new abortion drug,...

October 3, 2025

Government shutdown sparks GOP plan to penalize lawmakers...

October 3, 2025

Government shutdown enters 3rd day as Senate stalemate...

October 3, 2025

GOP rising star exposes how Biden admin was...

October 3, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Government shutdown drags into weekend as Senate Democrats block GOP plan

      October 4, 2025
    • Japan poised for first female prime minister after ruling party elects Sanae Takaichi as new leader

      October 4, 2025
    • Iran executes 6 prisoners accused of carrying out attacks for Israel

      October 4, 2025
    • Supreme Court’s emergency docket delivers Trump string of wins as final tests loom

      October 4, 2025
    • Democrats roll out new campaign ads targeting Republicans over ongoing government shutdown

      October 4, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 moneyassetssaver.com | All Rights Reserved

    Money Assets Saver
    • Investing
    • Politics
    • Economy
    • World News