Economy
Articles by ELTA EN
Society
Lithuanian-American-Czech project to create world’s most powerful laser
On Monday, an agreement was signed in Prague, Czech Republic, over the implementation of the European Union scientific research project ELI-Beamlines. […]
Politics
Lithuanian President’s Office says draft budget for 2015 could be improved
The President’s Office commends the objective of the state budget to reduce social exclusion, ensure fiscal discipline and defence funding. However, it feels that the fight against underground economy has been inadequate. […]
Economy
Bank of Lithuania kicks off frontloading euro cash to commercial banks
The first batch of the Lithuanian euro coins left the vault of the Bank of Lithuania on 6 October. It is designated to one commercial bank, which was the first to take 2-euro coins for EUR 45,000, the central bank said in a statement on Monday. […]
Foreign affairs
Japanese ambassador: I would recommend Lithuanian food products to my compatriots
Japan is interested in Lithuanian beef products and is waiting for them in the country’s stores, said Japanese Ambassador to Lithuania Kazuko Shiraishi during her meeting with Lithuanian Minister of Agriculture Virginija Baltraitienė. […]
Economy
Lithuania’s Achema Group to operate its own railway transportation services
After ten years of planning, Transachema, a company of the Achema Group (AG), is ready to start operating as a private rail carrier by using public infrastructure of the state-owned company Lietuvos Geležinkeliai (Lithuanian Railways). […]
Economy
IMF concludes mission in Lithuania
On Monday, Lithuanian Minister of Finance Rimantas Šadžius and representatives of the International Monetary Fund‘s (IMF) mission summed up the mission’s visit to Lithuania. […]
Economy
Economy
Fitch affirms Lithuania’s ratings at A-
Fitch Ratings has affirmed Lithuania’s Long-term foreign and local currency Issuer Default Ratings (IDR) at A-. The outlooks are stable, the rating agency said in a statement, Reuters quotes Fitch. […]
Society
Lithuanian education system hampers innovation, economist says
The education system oriented at academic achievements prevents Lithuania from becoming an innovative country. It does not promote innovative thinking, entrepreneurship and is impeding such traits says senior economist at Swedbank Laura Galdikienė. […]
Economy
Lithuanian MP proposes to tie minimum wages to average salary
Member of Parliament, chairman of the Order and Justice Party parliamentary group Petras Gražulis has proposed a law that the minimum monthly salary could not be lower than half of the average salary in Lithuania. […]
Society
Politics
Liberal MP proposes to extend VAT exemptions on heating
Liberal Member of the Lithuanian Parliament Eligijus Masiulis registered a draft law proposing to temporarily extend the reduced VAT rate on the supply of heating and hot water until 31 December 2015. […]
Economy
Economy
Lithuania to promote tourism among Ukrainians
This Friday in Kiev, the State Tourism Department of Lithuania (VTD) and the Lithuanian Embassy in Kiev are promoting tourism to Lithuania. Representatives of Ukrainian travel agencies that are already working with Lithuania and new ones will be taking part in the presentation. […]
Economy
Lithuania among EU leaders in improving conditions for small and medium business
In the report on the implementation of the SBA (Small Business Act for Europe), Lithuania is above the European Union’s (EU) average in the areas of entrepreneurship, administration, state support and public procurement, funding possibilities and business conditions. The report was presented on Friday in Naples, Italy, during the 2014 SME Assembly. […]
Economy
Prosecutor General ends debate on investigation of Bank Snoras bankruptcy administrator
The Prosecutor General‘s Office announced on Thursday that the decision to terminate the pre-trial investigation into the actions of Bank Snoras bankruptcy administrator Neil Cooper was both lawful and legal. […]
Economy
Lithuanian fruit and vegetable growers to receive EU support
The European Commission has adopted a new programme for emergency market measures for perishable fruit and vegetables in the wake of the Russian ban on imports of certain EU agricultural products, the EC informs. […]
Politics
Lithuania begins municipal elections campaign
On Wednesday, the Central Electoral Commission (VRK) has announced the beginning of the electoral campaign for 2015 municipal elections. […]
European Union
EP president advisor Pranckevičius: Proposal for EU to purchase Mistral ships is “original and creative”
The proposal for the European Union to purchase Mistral ships from France is welcomed in Brussels and is a way out of a particularly complex situation, says Arnoldas Pranckevičius, External Policies Advisor to the President of the European Parliament. […]