Apartment rents will go down, economist says

A sudden rise in apartment rents, especially in Vilnius, after the adoption of the euro has no “rational basis”, says Danske Bank economist Rokas Grajauskas, adding that he expects rents to go down this year. […]

No Picture

Russian response to Turkey: Three scenarios

When Turkey shot down a Russian military aircraft on Tuesday, Moscow’s response was quick: not only did it confirm the fact that it was a Russian plane, but also started spitting angry statements that the Turkish move was “dangerous escalation”. […]

Global LT

Drop in expatriate remittances spells bad news for Lithuanian economy

Remittances from the Lithuanian diaspora has long played a significant role in the country’s economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from falling into poverty. Statistics indicate, however, that remittances have dropped significantly this year. […]

Vytautas Landsbergis

Vytautas Landsbergis, one of architects of Lithuanian independence, in hospital

Vytautas Landsbergis, a prominent politician and one of the architects of the modern state of Lithuania, has been admitted to the intensive care unit of a hospital in Vilnius. […]

Alexander Lobov

Taxi service revolutionist Uber is coming to Vilnius

Uber, the international company behind the app offering ridesharing, is moving with plans to launch its service in the Lithuanian capital. On Tuesday, the San Francisco-headquartered company signed a memorandum with the municipality of Vilnius. […]