During the second quarter of 2014, Lithuania’s seasonally-adjusted GDP rose by 0.7 percent, while compared to the same quarter of 2013, it increased by 3.0 percent, according to flash estimates published by Eurostat, the statistical office of the European Union. […]
One of Lithuania’s major dairy producers Pieno Žvaigždės says that import restrictions to Russia do not pose a threat to the company’s existence, but they will have a negative impact on its profitability. […]
Lithuanian Minister of Foreign Affairs Linas Linkevičius says that the country’s exporters could look for new markets in Asia and Arab countries. […]
The State Food and Veterinary Service (VMVT) reports that dead pigs were found in two farms located in Ignalina district. Laboratory testing confirmed African swine fever (ASF) in both cases. […]
Member of Parliament Kęstutis Masiulis turned to Parliament Speaker Loreta Graužinienė with a proposal to launch discussions on reducing institutions under the Seimas. According to the MP, a portion of such institutions are operating poorly, are using up substantial funds, while the results are doubtful. […]
Russian sanctions will unambiguously have an effect on Lithuania’s labour market, say staff selection specialists. The greatest commotion has been already observed among companies that work directly with Russia, i.e., road carriers and food industry companies. It is expected that in the nearest future employee turnover will mostly affect shipping agents and export managers. […]
Speaker of the Lithuanian Seimas Loreta Graužinienė says she has reservations about cutting value added tax (VAT) rate for vegetables and meat. According to the head of Parliament, only retailers would benefit from VAT rate exemptions, while producers and consumers would not. […]
Lithuanian pig farmers claim that due to African swine fever (ASF) they have suffered losses amounting to LTL 30 million (EUR 8.7 million). […]
Following the introduction of sanctions on food imports by the Russian Federation, Lithuania’s Minister of Agriculture Virginija Baltraitienė has turned to Italian Agriculture, Nutrition and Forestry Minister Maurizio Martina, who holds the rotating presidency of the EU Agriculture and Fisheries Council (AGRIFISH), with a request to convene an extraordinary meeting of EU ministers of agriculture as soon as possible, possibly even in August. […]
Representatives of the agricultural sector say they support the plans of the Government to carry out intervention buying and claim that the interests of farmers, suppliers of raw food, should be taken into consideration in the current situation. […]
The first batch of Lithuanian euro coins are being delivered to the Bank of Lithuania‘s vault in Vilnius. On 1 January 2015, they will be released into circulation. The total amount of coins necessary for the euro adoption and to ensure reserves is about 370 million units; their weight – 1,740 tons, says the Bank of Lithuania in a statement. […]
Foreign capital companies are rather happy with business conditions in Lithuania, shows Lithuania’s Investors’ Confidence Index. […]
The Ministry of Justice has decided to reject the request of the Liberal and Centre Union (LiCS) to change its name to the Lithuanian Freedom Union. […]
Statistics Lithuania announced that in July 2014, the average annual inflation calculated based on the harmonised index of consumer prices (HICP), which is methodologically harmonised with those of other EU member states, stood at 0.4 percent. […]
Belarus and Kazakhstan, members of the Moscow-dominated Customs Union, accept Lithuanian food products and are not stopping cargo at the border. […]
The association of Snoras Bank depositors and creditors addressed in writing the bankruptcy administrator of the bank demanding information whether he intends to pursue claims against audit company Ernst & Young Baltic. […]
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