The first quarter of 2016 saw increased borrowing by small businesses, improved corporate credit ratings and growing productivity. Farmers, retailers and manufacturing companies were the most active borrowers among small businesses, says Swedbank. Swedbank’s loans […]
Jonava Municipal Council decided to ban sale of strong alcoholic beverages during Joninės, Lithuania’s midsummer festival. The ban will apply not just on the festival site, but throughout the town, affecting shops, restaurants and bars. […]
Minister of Transport and Communications Rimantas Sinkevičius said that the state-managed Lithuanian Railways company will be restructured according to the European Commission‘s requirements. In this way, the company will avoid paying several tens of millions […]
Lithuanian households will be paying about 5.5% less for electricity as of July, says the state-run electricity and gas distribution company Energijos Skirstymo Operatorius (ESO). The company’s board have signed off on the new pricing […]
Uber opened a new engineering and support services unit in Vilnius on Wednesday. There are 20 specialists working in the office currently but it is planned to double the number by the end of 2016. […]
The global stainless steel market leader Finnish company Outokumpu is to open a multi-service centre in Vilnius. The company said it decided to open a service center in Lithuania to optimize operating costs and standardize […]
The average wage in Lithuanian was 6.9% higher in the first quarter of 2016 than the same period last year. This is the fastest rate of growth in pay packets since the Lithuania‘s economic recovery […]
Lithuanian IT entrepreneurs are increasingly looking to Africa to grow their business and develop new products, with a range of companies from Lithuania already building a strong track record of success on the continent. “The […]
Lithuania-based aircraft leasing company AviaAM Leasing has signed an agreement for a joint venture with China‘s Henan Civil Aviation Development and Investment Company (HNCA). The joint aircraft leasing company will be based in China’s central […]
Lithuania’s highest auditing body has stated that the administrative buildings that the Vilnius City Municipality built for itself and the Vilnius county administration more than 10 years ago was incorrectly managed. Because of this, the Vilnius City Municipality has failed to fulfill its obligations to the state and has increased its own and the state’s budgetary expenditures. […]
The experience gained by NATO allies in coopeartion in the Baltic states should be used to as the basis for creating a modern NATO deterrence plan at the NATO summit in Warsaw in July, said […]
Every second of Lithuanian will die from a cardiovascular disease, and every third adult in Lithuania has an increased blood pressure reflecting the fact that Lithuania has one of the highest rates of cardiovascular problems […]
Lithuanian diplomats that are tasked with helping Lithuanian companies find business partners abroad will now be provided with more specific and targeted tasks and supports to boost exports. The new approach was discussed by Lithuanian […]
A Freedom Picnic organized by a journalist Andrius Tapinas drew thousands in Kaunas, and even though it was branded a non-political event and there was no politicking, it drew leading Lithuanian political figures. The Homeland […]
A retired Lithuanian general has said it would be theoretically possible for Lithuania together with neigbouring countries to have access to a nuclear weapon by joining the NATO nuclear weapons sharing program, but would it […]
A new poll has shown that every third small or medium enterprise (SME) in Lithuania is poorly equipped to handle thefts, fires, storm damage or other unexpected misfortunes. The leaders of these companies admit that, […]
The council of the Order and Justice party finalized its list of candidates to run for parliament in single-seat constituencies. The party, which is a member of the ruling coalition, has decided not to have […]
Lithuanian buyers are going to the Latvian capital to shop for fish and seafood. Recently, Lithuanian flows to seafood markets in Riga have risen 89%, Lrytas.lt reports. On Fridays and Saturdays, Lithuanians make up one […]
The European Union‘s internal market offers the best business opportunities for Lithuanian exporters, said Dr. Marius Jung, economist at Coface, at the annual Business Risk Conference. “While growth in the region is slow and there […]
About 40 square nautical miles (about 137 square kilometres) of the Baltic seabed has been explored during international operation Open Spirit 2016. The mine search operation has so far discovered eight naval mines and one […]
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