Economy

Lithuania recycles just 30 percent of waste

292,000 tonnes of glass, plastic and paper packaging were sold in Lithuania in 2014 together with food products and other goods. Only 30 percent of the amount was properly recycled. […]

Algirdas Butkevičius
Economy

State budget to stimulate domestic consumption, Lithuanian PM says

Prime Minister Algirdas Butkevičius says that the 2016 draft budget, which will be submitted to Parliament on Tuesday, is aimed at stimulating domestic consumption and economic growth. […]

Economy

Lithuanian state-owned energy enterprises brought greatest profit in 2014

In 2014 state-owned enterprises (SOE) remained an important part of Lithuania’s economy – their input in economy accounted for 3 percent of GDP. In 2014 SOEs earned total revenue of EUR 2.3 billion, which is by 5.6 percent more compared to 2013. Moreover, their normalised net profit increased by nearly 2 percent to EUR 150 million, while their estimated market value grew by 11 percent to EUR 5 billion. […]

Tel Aviv
Global LT

Tel Aviv hosts Global Lithuanian Economic Forum

Minister of Economy of Lithuania Evaldas Gustas is paying a working visit to Israel. At the 7th Global Lithuanian Economic Forum in Tel Aviv the minister will present Lithuania’s investment environment, its advantages and business reforms and will discuss bilateral economic cooperation prospects with Israel. Particular attention will be devoted to bilateral cooperation opportunities in the areas of science, technology and innovations as well as implementation of joint projects. Gustas will also meet with Israel’s Economy Minister Aryeh Deri. […]

Economy

Over fourth of Lithuania’s population at risk of poverty

In 2014, 27.3 percent of Lithuania’s population or 800,000 people were at risk of poverty or social exclusion, in comparison with 28.3 percent (910,000) in 2008, Eurostat, the statistical office of the European Union (EU), reports. […]