• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

European prime minister resigns after protests over past financial dealings

by July 31, 2025
written by 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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump brushes back Russia’s Medvedev after ‘war’ warning: ‘Watch his words’
next post
Ex-Biden advisor Mike Donilon sits down with House investigators in autopen probe

related articles

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026

Dem Senate primary erupts in key state as...

April 7, 2026

Trump-backed candidate aims to pad GOP’s fragile House...

April 7, 2026

Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges...

April 7, 2026

White House unleashes on Stacey Abrams in latest...

April 7, 2026

Former Virginia Gov Glenn Youngkin hints at political...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Hillary, Bill Clinton stare down criminal contempt charges after defying House subpoenas in Epstein probe

    January 14, 2026
  • Rand Paul recoils at Trump’s Gaza takeover plans: ‘I thought we voted for America First’

    February 5, 2025
  • Supreme Court orders new arguments in pivotal elections case

    August 5, 2025
  • Trump touts ‘rebuilding and modernization’ of US air traffic control, blasts Buttigieg for having ‘no clue’

    May 8, 2025
  • I need an expensive asthma drug to live. Trump’s RX plan helped me and many others

    February 20, 2026

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (1,658)
  • Stock (1,017)

Latest Posts

  • Australia sounds alarm as Gen Z turns to AI for crypto trading tips

    March 16, 2026
  • Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

    June 30, 2025
  • Republican Mark Green nearly doubled his money trading a small oil company: Here’s how

    August 14, 2024

Recent Posts

  • Energy groups celebrate Trump’s latest move to unleash Alaska drilling

    June 4, 2025
  • USDA documented insects and slime at Boar’s Head plants, records show

    January 15, 2025
  • Trump says Comey ‘placed a cloud over the entire nation’ with Crossfire Hurricane, reacts to indictment

    September 26, 2025

Editor’s Pick

  • Nearly half of Americans back Israeli airstrikes on Iran, poll shows

    June 13, 2025
  • Apple sued by shareholders who allege it overstated AI progress

    June 23, 2025
  • Trump is threatening to ‘federalize’ DC with National Guard and more. Here’s how that could play out

    August 11, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock