Increasing defence spending by the Lithuanian government will increase the size of the defence subcontracting market up to €150 million over the coming years. Gintaris Satkus, director of the Lithuanian Defence and Security Industry association, […]
The upcoming elections will see a range of payouts by the Office of the Parliament hitting up to €1 million as members of parliament lose their seats, with their assistants also entitled to severance payments. […]
Lithuania’s agriculture attaché in Brussels says that the country’s dairy farmers can expect support from the European Commission, although there are no guarantees yet, LRT reports. Karolis Anužis says that the decision should be clear […]
Lithuanian companies have won a number of awards at the International advertising gongs, the Golden Hammer. McCann Vilnius received a gold medal for the brand Beer Library in packaging design category while Lithuanian agency Milk […]
With Lithuania’s parliamentary election campaigns gaining momentum, the Central Electoral Commission has had to take action over complaints of illegal political campaigning, reports TV3 Žinios. Opposition parties were up in arms last week after a […]
The influence of the summer season on the job market is already becoming clear – the number of people in Lithuania looking for work has dropped by almost 14,000 over the last month, but almost […]
Lithuania has the third highest level of preventable deaths in the EU according to a new Eurostat survey. Romania had the highest number of preventable deaths in the EU forllowed by Latvia and Lithuania. The […]
On Saturday, the Danish Danske Bank and Swedish Swedbank completed the deal they signed at the end of September last year regarding the sale of Lithuanian and Latvian retail banks. Verslo Žinios reports that the […]
The level of mergers and acquisitions in the Baltic states grew by 28% in the first four months of this year, bucking a global decline in M&A, according to a report by Prudentia. In the […]
Lithuania’s new vehicle registry in May had 46% more new vehicles in it than during the same time last year. A report indicates that 2,395 new automobiles were registered in May compared to 1,642 in […]
Remigijus Lapinskas was elected as the new president of the World Bionenergy Association in Istanbul. For many years Mr. Lapinskas has headed the Lithuanian biomass energy association Litbioma. “The fact that I was elected to […]
Entrepreneurs in Lithuanian cities have the highest levels of optimism but the mood among companies is pessimistic in the country’s smaller cities and towns, according to a Citadele Bank business confidence survey carried out in […]
The Baltic–Singapore Chamber of Commerce have launched an initiative in Lithuania to help Baltic entrepreneurs to discover this growing market in Southeast Asia. A number of Lithuanian businesses are already operating in Singapore but there […]
The Seimas adopted the Lithuanian airports concession law on Thursday which establishes the legal and organizational conditions for the concessions for the country’s international airports. The concession will be granted through an open public tender […]
The Seimas‘ proposal for companies to publish workers’ average salaries has not been received well by all Lithuanian companies. According to Economic Consultation and Research director Gintas Umbrasas, this proposal is most feared by companies […]
Lithuania‘s President Dalia Grybauskaitė has welcomed the ruling coalition‘s plans to increase non-taxable income for workers to €310 saying she believed it would help reduce poverty. “The modest funds that we have in the current […]
The European Commission issued a range of recommendations on how to improve Lithuania‘s economy including improving tax compliance particularly VAT, adjusting the education system to the needs of the labour market and increasing productivity. The […]
Lithuania needs to compete for and attract well-educated immigrants to be competitive as an economy on the international stage – thoughts of avoiding immigration are fantastical in the 21st Century, according to the EU ambassador […]
Having identified that the Vilniaus Kreditas credit union did not maintain sufficient capital or a limit for the largest sum of loans to a single debtor, the board of the Bank of Lithuania has selected […]
With glaring signs of overheating in Sweden‘s real estate market, Lithuanian experts offer contrasting opinions about whether a bust in Sweden would send ripples across the Baltic Sea. Lithuania’s banking sector is dominated by Scandinavian […]
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