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Economy

Fitch Ratings upgraded Lithuania’s credit rating outlook to “Positive”

Lithuania’s long-term rating outlook from “stable” became “positive”. It has been upgraded by the international credit ratings agency Fitch Ratings after the positive assessment of the fiscal policy pursued by the country. Currently, long-term and short-term credit ratings affirmed by the agency (A- and F1) remain unchanged, a press release from the Ministry of Finance states. […]

Economy

Over fifth of people in Lithuania live below poverty line

Around 650,000 people, or 22.9 percent, lived below the at-risk-of-poverty threshold in Lithuania last year, up 1 percentage point, the latest figures from Statistics Lithuania show. […]

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Society

Tech enthusiasts want to take Lithuania’s flag into “space”

Several technology enthusiasts will try to take Lithuania’s flag into the stratosphere on the occasion of the country’s independence centenary. […]

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Economy

Lithuanian Airports launches search for London City flight carrier

Lietuvos Oro Uostai (Lithuanian Airports), Lithuania’s state-run operator of the country’s three airports, has launched a search for an airline to operate business flights from Vilnius to London City Airport. […]

Economy

The car fleet is getting younger and more expensive

According to statistics by the company Mokilizingas, for the first six months of this year the average loan for hire purchase cars grew by almost 5% when compared with last year – from 2631 EUR to 2748 EUR. Usually car loans are taken out by men 18 – 30 years of age, who are living in cities, a press release from the company states. […]