The Bank of Lithuania has organised seminars for 1,200 cash handlers from postal, financial services and trade enterprises related to the upcoming euro adoption. The participants went on to transfer their knowledge about the single currency of the European Union to their colleagues all across Lithuania. […]
The Financial Crime Investigation Service (FNTT) probe, headed by the Prosecutor General‘s Office, into possible financial crimes committed by the heads and shareholders of bank Snoras has advanced further. […]
Lithuanian farmers will be allocated LTL 11.2 billion (EUR 3.2 billion) for direct payments, but the payment structure will differ, the Ministry of Agriculture says. […]
Archbishop of Vilnius Gintaras Grušas has voiced his concern about possible Russian aggression against Lithuania, Latvia and Estonia, and appealed to Western Catholics to be better informed about the situation, Catholic News Service reports. […]
Invitation of President Dalia Grybauskaitė to the World Economic Forum (WEF) shows her international recognition, says political analyst Tomas Janeliūnas from the Institute of International Relations and Political Science of Vilnius University. […]
Economists from eight different research institutions of Lithuania have presented the results of the common project entitled Long-Term Competitiveness Challenges of Lithuanian Economy. Demography and emigration, they say, is the most pressing issues in planning for the future. […]
The aggregate profit of Lithuania’s manufacturing industry has grown from LTL 1.9 billion (EUR 0.55 billion) in the third quarter of 2013 to LTL 2.3 billion (EUR 0.67 billion) in the third quarter of 2014. […]
In November, one in ten Lithuanians said that their household’s financial situation had improved. Five out of ten said it had not changed, while the rest maintained that their household’s finances took a turn for the worse. […]
Growing consumption and investment encourage consistent growth of Lithuania’s economy; however, a poorer outlook for the country’s major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for next year. The Bank of Lithuania projects a 3.1 percent growth in GDP next year, and this is less by 0.2 percentage points than was projected in September, the Bank of Lithuania informs. […]
Actual Individual Consumption (AIC) is a measure of material welfare of households. In 2013, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 49 percent to 136 percent of the European Union average across the Member States, according to Eurostat, the statistical office of the European Union. […]
Lithuanian President Dalia Grybauskaitė has once again submitted her amendments to the Law on Public Information, saying the aim of the bill is to ensure national security and protect the society from hostile propaganda and disinformation. […]
Construction of sports and wellness centre Vilnius Beacon, designed by Daniel Libeskind, should break ground next year at Liepkalnis skiing course, the highest point in Vilnius. […]
As expected, the upcoming introduction of the euro has brought much new business to wallet sellers. As the euro notes are bigger in size than the litas notes they are replacing on 1 January, around 10-20 percent more wallets were bought in the first week of December 2014 compared with the same period of 2013. […]
Member of the European Parliament Petras Auštrevičius has become the chairman of the Informal Group of Friends of European Ukraine which was founded in the European Parliament (EP). […]
Prime Minister Algirdas Butkevičius does not relinquish plans to apply to prosecutors over LTL 400 million (EUR 116 million) which were squandered in the energy sector. He is also not worried about the comments made by opposition leader conservative Andrius Kubilius that the prime minister’s wife could have been responsible for the situation. […]
Lithuanian Seimas opposition leader, conservative Andrius Kubilius, has asked President Dalia Grybauskaitė to veto the draft budget for 2015 of the State Social Insurance Fund Board under the Ministry of Social Security and Labour (Sodra) which was adopted by the Seimas. […]
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