Klaipėda
Economy

Klaipėda welcomes foreign workers amidst labour shortages

With shrinking labour force universally acknowledged as the biggest impediment to Lithuania’s long-term economic growth prospects, increasingly many migrants are coming to the country to fill job vacancies. […]

CORPORATE

Lithuania only Baltic state to see exports grow in Q1

Lithuania‘s exports grew by an annual rate of 1% to €5.2 billion in the first quarter of 2016. Lithuania was the only Baltic country to post an increase in exports in the first quarter of […]

Economy

Lithuania to ban advertising of alcohol price reductions

Lithuania’s parliament has adopted amendments to the Law on Alcohol Control which will prohibit advertising alcoholic beverage price reductions. […]

No Picture
Uncategorized

Russia’s counter to missile defence pushes Europe together

The ceremony of opening the United States’ missile defense base in Deveselu, Romania, last week (Thursday, May 12), was greeted by a barrage of condemnation and criticism from Russian officials. The next day, President Vladimir Putin turned these denouncements into state policy by defining this deployment of a radar station and SM-3 missile interceptors as a direct threat to Russia and promising to “curtail” it. […]

No Picture
CORPORATE

Oligopoly: The path to Lithuania’s current retail market

Four supermarket chains currently control almost half of the retail market in Lithuania. It took them about a decade from the mid-1990s to push out small businesses and acquire a power that politicians and economists say is unhealthy for genuine competition. […]