Economy
Articles by ELTA EN
Politics
Prime minister says no merger of Economy and Energy Ministries
Prime Minister Algirdas Butkevičius reassured that there are no plans to merge the Ministry of Economy and the Ministry of Energy this year. […]
Uncategorized
Politics
Lithuanian Labour Party wants to nominate energy minister
Parliament Speaker Loreta Graužinienė says that the Labour Party could nominate new energy minister, but this will only be discussed next week at the political council of the Coalition. […]
Economy
Lithuanian producers may lose 145 million euros because of Russian embargo
According to the calculations of Agriculture Minister Virginija Baltraitienė, losses of Lithuanian dairy and meat producers may possibly amount to LTL 500 million (EUR 145 million), because of food product embargo imposed by Russia. […]
Economy
Lithuanian traders to start indicating prices in litas and euro
Starting on 22 August, it will be mandatory for all traders and service providers in Lithuania to indicate prices in two currencies, the litas and the euro. […]
Economy
Defence
Armed Forces granted public procurement exemptions to acquire infantry fighting vehicles
The Lithuanian Government has authorised the Armed Forces to apply public procurement exemptions to acquire infantry fighting vehicles. […]
Economy
Lithuanian pig farmers ordered to register their livestock
A mandatory requirement has been announced in Lithuania to register all pigs by 15 September. Registration will be free of charge. […]
Economy
Reduced VAT rate for books proposed in Lithuania
MP Vytautas Antanas Matulevičius has proposed to introduce a 5-percent value added tax (VAT) rate on books and non-periodicals instead of the current 9 percent VAT rate. […]
Politics
Prime Minister Butkevičius says he has no other candidate for energy minister
Prime Minister Algirdas Butkevičius says he has not found a candidate to replace dismissed Minister of Energy Jaroslav Neverovič yet. Nor can he assure that the Electoral Action of Poles in Lithuania (LLRA) party will retain the right to select the energy minister as it was agreed by the ruling coalition. […]
Energy
Electricity price in Lithuania stabilised in August
On 11-17 August, the average electricity price in Nord Pool Spot power market Lithuanian trading zone was LTL 0.196 (EUR 0.056) per kilowatt hour, i.e., around 20 percent lower than a week ago. […]
Economy
Lithuanians’ outlook on economy and household finances improves
In July, 17 percent of the polled stated that, over the last two months, economic situation in Lithuania had improved, while 56 percent said that it had remained unchanged, and 23 percent indicated that economic situation had worsened. 4 percent of respondents had no opinion on the matter. […]
Economy
Lithuanian businesses have experience in diversifying after Russia’s trade restrictions
When Russia imposed import bans in the past, traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI). […]
Politics
President Grybauskaitė dismisses Energy Minister Neverovič
President Dalia Grybauskaitė has signed a decree, dismissing Energy Minister Jaroslav Neverovič from the post. […]
Politics
Polish daily criticizes Prime Minister Butkevičius’ intention to dismiss Lithuania’s energy minister
The Polish daily Gazeta Wyborcza has reported on Lithuanian Prime Minister Algirdas Butkevičius‘ intentions to dismiss Energy Minister Jaroslav Neverovič, who was delegated to the Cabinet by the Electoral Action of Poles in Lithuania (LLRA) party. […]
Society
Lithuanian prosecutors launch terrorism probe into calls to join separatists in Ukraine
The chief prosecutor of Vilnius Regional Prosecutor’s Office cancelled the decision of a prosecutor from the Department for Criminal Prosecution not to initiate an investigation into incitement of terrorism. Conservative MP Arvydas Anušauskas had turned to prosecutors saying that calls on social media to go and support separatist fighters in east Ukraine might be construed as incitement of terrorism. […]
Economy
Lithuanian businesses sign memorandum on fair conversion to euro
On Monday, representatives of Lithuanian business associations and representatives of municipal authorities as well as the Government, signed the Memorandum of Good Business Practice during the Adoption of the Euro. […]
Society
Over half Lithuanians think situation in country getting worse
More than half of Lithuanians (52 percent) believe the situation in the country has gotten worse recently, whereas 42 percent say the situation has been improving. Two percent of those polled have no opinion on it, a Baltijos Tyrimai poll, commissioned by ELTA and conducted on 15-30 July, shows. […]
Economy
Shortage of IT specialists in Lithuania nearing 13,000
Every year, over 1,000 students finish information technology (IT) studies in Lithuania; however, according to employers, it is not enough to meet the current demand of IT specialists in the country. […]