Lithuania‘s Avia Solutions Group and AviaAM Leasing has signed a €1 billion cooperation agreement with the Henan Provincial Civil Aviation Development and Investment Company, China‘s second largest civil aviation company. Under the agreement, AviaAM Leasing, […]
Lithuania’s industrial production fell slightly in May, by 0.2% year on year to €1.5 billion according to Statistics Lithuania. Between January and May, industrial production totalled €7.36 billion, up 3.1% on the same period of […]
Experts from CERN are visiting Lithuania this week to discuss the prospects for Lithuania of becoming an associate member of CERN. “Lithuanian associate membership in CERN has to be seen in perspective. If it is […]
Vilnius University Gender Studies Centre director Professor Dalia Leinartė has been elected as a member of the United Nations Committee on the Elimination of Discrimination against Women for the second time at the United Nations […]
The price of electricity in he Nord Pool exchange, Lithuania‘s price zone, hit a record high of 6.41 euro cents/kWh on June 22. It is the largest one-day average price of electricity since the NordBalt […]
The three Baltic States have agreed that the VAT for the Rail Baltica construction works will remain in the country where the works are carried out. The Minister Rimantas Sinkevicius said that the contract for […]
The largest aviation group in Eastern Europe Lithuania’s Avia Solutions Group was not only ranked among the 10 most entrepreneurial European businesses but was also recognised as the top company in Lithuania by a public […]
Lithuania’s parliament should revoke the parliamentary immunity of MPs from prosecution, said the head of Lithuanian Freedom Union election headquarters Algis Čaplikas. “Nothing terrible would happen. The public would welcome such a decision – seeing […]
Lithuania’s parliament has adopted the electronic communications act article 77 amendments that will require entities or companies providing electronic communications networks and (or) services to provide information about developments in electronic communications to intelligence authorities. […]
The number of apartment buildings renovated under the housing renovation program have reached the thousand mark this week, Housing Energy Saving Agency informs. “Along with the renovation, which is particularly useful for the population, the […]
There is no need for parliamentarians to stay in the Seimas hotel and parliamentary expenses should be counted as a part of their salary, said former Interior Minister Saulius Skvernelis. “Members of parliament have to […]
Data gathered by SoDra, the state social insurance administrator suggests that wages in Lithuania may be moving from the black market The data indicates that the state manged to moved up to €68 million in […]
Creativity is at the heart of business success in the 21st Century era of smart technology rather than money. according to the president of the Lithuanian Confederation of Industrialists Robertas Dargis who was speaking at […]
The storm that swept through Lithuania last weekend could have caused damage of up to a €1 million euros with 1,000 incidents of damage already registered with insurers. The average damage claim is running at […]
The Lithuanian Poles‘ Electoral Action party headed by Valdemar Tomaševski is changing its name to Electoral Action of Poles in Lithuania – Christian Families Alliance. “This is good news for all voters who care about […]
While labour costs in Lithuania rose at among the fastest rates in the European Union in the first quarter of 2016, Lithuanians still receive some of the lowest pay packets in Europe. Lithuanians along with […]
A range of economists and employers have criticised the decision of Lithuania‘s government to raise the minimum wage again in July saying it has a limited effect on improving the lives of low income groups […]
Foreign and local investors will get an equal opportunity to lease sites at Lithuania‘s main seaport after rules were changed in response to EU pressure. The Lithuanian parliament revised the leasing rules for Klaipėda seaport […]
The European Investment Bank (EIB) will give a loan of €190 million to the Vilnius cogeneration plant operated by the state-run Vilniaus Energija holding, with guarantees provided by the European Fund for Strategic Investments (EFSI). […]
Klaipėda port authority plans to invest €150-€180 million in developing the southern part of the port over the three years to increase cargo traffic. Port executives said that the canal would be deepened to 14.5 […]
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