Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Preservation group sues Trump administration over White House...
House GOP unveils healthcare plan ahead of vote...
Cruz says Rep Ilhan Omar could face jail...
Republican House leader signals plan to begin contempt...
MIKE DAVIS: Why DC’s Trump-hating Judge Boasberg must...
State Department stays quiet as Albania reinstates deputy...
Maduro trapped with few retaliation options after Trump...
Sun Summit Announces Upsized Non-Brokered Private Placement of...
InMed Provides Update on BayMedica Commercial Business
Contango ORE, Dolly Varden Announce Strategic Silver Merger
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Politics

European prime minister resigns after protests over past financial dealings

by admin July 31, 2025
July 31, 2025
European prime minister resigns after protests over past financial dealings

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
Ex-Biden advisor Mike Donilon sits down with House investigators in autopen probe

You may also like

President Trump says ‘we will have relations with...

February 8, 2025

VP Vance blasts McConnell’s vote against Trump Pentagon...

April 9, 2025

Tim Walz slams Elon Musk as a ‘dips—‘...

October 23, 2024

Trump campaign clarifies after candidate jokes about shooting...

November 4, 2024

MIKE DAVIS: Impeachment time for Trump-hating renegade Judge...

September 6, 2025

Voters want more US involvement on world stage...

December 5, 2024

Even if Trump secures Ukraine-Russia peace deal, can...

March 12, 2025

EXCLUSIVE: Charlie Kirk’s final book battles the ‘machine...

December 5, 2025

Deadline for Musk’s ultimatum to federal workers hits,...

February 25, 2025

Trump claims Putin, Xi, Kim are conspiring against...

September 3, 2025

Recent Posts

  • Preservation group sues Trump administration over White House ballroom project
  • House GOP unveils healthcare plan ahead of vote next week as cost hike looms for millions
  • Cruz says Rep Ilhan Omar could face jail time, deportation if marriage allegation proves true
  • Republican House leader signals plan to begin contempt proceedings against Bill and Hillary Clinton
  • MIKE DAVIS: Why DC’s Trump-hating Judge Boasberg must be impeached

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Categories

    • Business (963)
    • Investing (3,656)
    • Politics (4,414)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 Sightful Invest. All Rights Reserved.