The millionaire said his party would fight for sports, culture and arts, three areas he sees as highly neglected.
Romanov refused to discuss the party establishment matters with TV3 and handed the telephone to his assistant.
"We're working on it. What party will it be? I will not be on the left or the right wing. Let's say, it will be central. We will fight for sports, culture and arts – for a better life in Lithuania, as it has become simply unbearable,” the unidentified representative said.
The party's constituent assembly is scheduled to take place at Žalgiris Arena on Sunday.
Lithuanian laws stipulate that in order to register a party one needs to sign 1,000 members. According to information available to TV3, the businessman is, personally and via intermediaries, pressing employees of his companies to join the party.