Economy
0.3 percent annual deflation recorded in Lithuania
In 2014, annual deflation was running at 0.3 percent in Lithuania. […]
Articles by ELTA EN
Economy
Consumers still pessimistic about Lithuania’s economy, survey shows
Consumer confidence indicator improved by 7 percentage points in January 2015 against December 2014, however people still pessimistically assess the country’s economy and their households’ financial situation. […]
Economy
Lithuanian youths most enterprising
A total of 463 entrepreneurs were financed by the Entrepreneurship Promotion Fund (VSF) in 2014, or by 55 percent more than in 2013. Young people aged up to 29 years old were the most enterprising. […]
Economy
Lithuania’s unemployment at 9.4 percent in December
Lithuania’s seasonally adjusted unemployment level stood at 9.4 percent in December 2014, Eurostat, the statistical office of the European Union, said. […]
Society
Population in Lithuania down 21,600 over 2014
According to early estimates of Statistics Lithuania, at the end of 2014 the number of inhabitants in Lithuania totalled 2.92 million, it decreased by 21,600 or 0.7 percent, compared to late 2013. […]
Uncategorized
Baltic Assembly discusses Rail Baltic project, energy security and economic cooperation
On Friday, the Committee on Economics, Energy and Innovations of the Baltic Assembly (BA) held a sitting at the Seimas to discuss transport and infrastructure projects, further cooperation of Baltic and Nordic countries in energy security, energy supply and economy. […]
Economy
Lithuania’s GDP up 2.9 percent in 2014
In 2014, Lithuania’s gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36,270.8 million (LTL 125,236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9 percent, Statistics Lithuania announced. […]
Economy
No genetically modified crops found in Lithuania in 2014
The State Plant Service under the Ministry of Agriculture, which is responsible for monitoring crops and crop products, carried out 102,096 inspections in 2014 and found 1,184 violations. Nevertheless, genetically modified crops or crop products were not found to be grown or brought to Lithuania. […]
European Union
Lithuanian foreign minister on Russia sanctions: EU made a decent decision
Having convened for an extraordinary session on 29 January, the European Union Foreign Affairs Council decided to extend current sanctions against Moscow. New restrictions against Russia will be imposed only if the situation in eastern Ukraine does not improve or deteriorates. Minister of Foreign Affairs Linas Linkevičius has called the decision an optimal one. […]
Uncategorized
Finland invited to become shareholder in Rail Baltica joint venture
Latvia‘s Transport Minister Anrijs Matiss (Unity) has invited Finland to take active part in implementation of the standard-gauge railroad Rail Baltica project and in the work of the Rail Baltica joint venture, noting the project’s importance for the entire Nordic-Baltic region, LETA learned from the Transport Ministry. […]
European Union
President Grybauskaitė: Commissioner Andriukaitis is dividing Europe
Lithuanian President Dalia Grybauskaitė says that, by possibly allowing Russia to choose EU member-states for which it will lift the food exports embargo, European Commissioner Vytenis Andriukaitis is dividing the unity of the European Union and standing up for Moscow’s interests. […]
European Union
MEPs say Germany discriminates against foreign road carriers
Member of the European Parliament Valentinas Mazuronis together with Slovakian MEP Richard Sulik have asked to include in the European Parliament’s plenary sitting agenda the issue of Germany‘s protectionist actions limiting competition among road carriers. […]
Energy
Lithuanian LNG terminal wins European gas project of the year award
At the 8th annual European Gas Conference 2015, in Vienna, petroleum company Klaipėdos Nafta won the Project of the Year award for the implementation of the Liquefied Natural Gas (LNG) Terminal project. […]
Uncategorized
PACE extends sanctions against Russian delegation
The Parliamentary Assembly of the Council of Europe (PACE) has extended sanctions against Russia until a plenary session in April. The sanctions include suspension of voting rights, participation in standing committees and monitoring of elections as part of PACE delegations. […]
Economy
Klaipėda Port stands against EC’s requirements
The European Commission has requested that Klaipėda Port terminate the privilege to lease land to companies without a tendering procedure if a company has purchased buildings or other structural objects. The daily Verslo Žinios reports that companies operating in the port fear that their investments will remain unsafeguarded if such a requirement is implemented. […]
Uncategorized
Latvian president will not attend 9 May celebrations in Moscow
Latvian President Andris Berzins says it is impossible for him to attend the 9 May “victory day” celebrations in Moscow. […]
Energy
Lithuanian LNG importer Litgas to supply gas to Estonia
Natural gas supply and trading company Litgas, part of Lietuvos Energija energy company group, will start supplying natural gas to Estonia from February. Litgas is the first company in Lithuania and one of the first in the Baltics which will supply natural gas to customers in other countries, the company said. […]
Economy
Lithuanian cheese Liliputas included into EU’s list of protected products
After member-states of the European Union have finally given their blessing to the Liliputas, a Lithuanian semi-hard cheese, the product will from now on be sold with a “protected geographical indication” logo. […]
Economy
Lithuania’s export to Russia to shrink 10 percent, Swedbank economist says
Continuing geopolitical tensions in Eastern Europe will continue to affect Lithuania’s economy in 2015, says Nerijus Mačiulis, chief economist at Swedbank. […]
Foreign affairs
Lithuanian PM calls for closer cooperation with Georgia in agriculture and food
During an official visit to Georgia, Lithuanian Prime Minister Algirdas Butkevičius has called on his counterpart Irakli Garibashvili to develop closer bilateral cooperation, especially in the areas of agriculture and food technology. […]