At its siting, the Seimas held a discussion on the future of the European Union (EU), including the current situation in the EU, recent developments in the EU, EU policy aspects and challenges with the greatest potential effect on Lithuania, a Seimas press release states. […]
The recent significant drop in the value of the Turkish lira promises cheaper goods for consumers in Lithuania but brings in more risks for Lithuanian businesses exporting to this Middle Eastern country, analysts say. […]
Economist Gitanas Nausėda, an adviser to SEB bank’s president, has been named the most influential representative of the business sector and economists, according to a new survey by Spinter Tyrimai for the delfi.lt news website. […]
Two more cogeneration plants are on the cards for Lithuania although it is not clear if there will be enough combustible waste to produce electricity and heat. That was the decision of the previous Government […]
Today around 60 companies and associations participated in the Norwegian-Lithuanian B2B meetings organized by Enterprise Lithuania. On April 24-25 during the Norwegian-Lithuanian business days companies from both countries are discussing cooperation opportunities in the areas of innovation, high technology, logistics and defence, the Enterprise Lithuania press office informed in a press release. […]
Britain is grateful to Lithuania for its solidarity over the poisoning of a former double agent and his daughter, the UK ambassador to Vilnius, Claire Lawrence, said. […]
The majority halted the new Labour Code in the hopes of an extra half a year allowing employer and employee representatives to reach compromise on the most disputed questions. It would appear that such expectations were overly optimistic. […]
Opinions are divided on why Lithuanians make relatively low wages, even compared to their northern neighbours in Estonia. As pointed out by the chief economist for Swedbank, Nerijus Mačiulis, there is a plethora of reasons […]
Last year, Lithuania’s 1,000 biggest companies created 5,176 new jobs. The manufacturing sector is expected to remain one of the biggest employers in the country, Verslo Žinios reports. Most of the new jobs by the […]
Lithuania’s finance minister says there should not be any major changes in taxation after October’s general elections, but adds that state finances should work towards ensuring sustainable economic growth.
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Creativity is at the heart of business success in the 21st Century era of smart technology rather than money. according to the president of the Lithuanian Confederation of Industrialists Robertas Dargis who was speaking at […]
Lithuania’s industrialists criticised the new state energy strategy for a lack of investment attraction measures that would improve Lithuania‘s competitiveness and economic development. Minister of Energy Rokas Masiulis agreed that the burden on the industry […]
China has been identified as a tempting new market for Lithuanian exporters, but few producers, outside the food industry, are making any forays into the world’s most populous market.
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Minister of Energy Rokas Masiulis will present the Lithuanian Confederation of Industrialists with the country’s energy strategy. The industrial organisation has previously complained that the strategy’s approval is being delayed and that it is not […]
With the euro depreciating against the dollar, Lithuanian exports to the United States have jumped in the first quarter of 2016. The value of exports to the US increased by more than 35% or by […]
Lithuania’s leading business representative body has said that the proposed new labour code is so dysfunctional and unsatisfactory it would be better if it was not be enacted at all. “All the issues had been […]
During the 9th congress of the Lithuanian Confederation of Industrialists (LPK), the confederation reelected Robertas Dargis for a second term as its president. During the 9th congress of the Lithuanian Confederation of Industrialists (LPK), the […]
Lithuanian Prime Minister Algirdas Butkevičius said that an agreement has been reached with the leaders of all of the Seimas‘ parliamentary groups on the adoption of a so-called new social model, a package of laws including a new Labour Code, by July. […]
The transatlantic trade and investment partnership contract (TTIP) would open up markets, reduce bureaucracy and costs and increase competition which would bring benefits to the Lithuanian consumers, according to political scientist Ramūnas Vilpišauskas. However, he […]
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