The first university endowment fund has been established in Lithuania by Vilnius University with an initial €1 million raised from supporters. Called the Vilnius University Foundation, the endowment fund was supported by Lithuanian laser companies […]
Inflexible labour relations and the absence of any immigration policy are the major obstacles to Lithuania’s economic growth, the country’s biggest employer association believes. The Lithuanian Confederation of Industrialists has drafted a report on business […]
Investors’ Forum handed out its annual awards to companies that contributed most to improving Lithuania’s investment and business environment. Danske Bank was awarded on Friday as “investor of the year” for its new IT service […]
An International Atomic Energy Agency mission (IAEA) is coming to Lithuania for the first time to assess nuclear and radiation safety in Lithuania. IAEA experts will meet with Lithuanian authorities and business representatives, visit and […]
The number of new cars registered in Lithuania is increasing while the number of used cars has gone down. Last year 30,725 new motor vehicles were registered in Lithuania which is 20.8% more than in […]
Klaipėda State Seaport Authority is considering buying a dredger so it does not have to hire private contractors to dredge the port. The ship could cost between €25 and 28 million and has already been […]
While Lithuania is raising spending to strengthen its land forces, air forces have to do with the L-39 aircraft which are unsuitable for a serious combat and can only simulate air battles with slow and […]
The very first airline Germania plane from Switzerland landed in Vilnius on Thursday. The regular flights between Vilnius and Zurich will start a month later, on June 2, but this time all the airline’s management flew to Vilnius. […]
On Thursday, the NordBalt electrical connections between Lithuania and Sweden shut down for the fourth time this year. The price of electricity for the next day shot up by 49.06%. The cause of the NordBalt […]
Vilnius has received two bicycle stands designed to resemble a car from the Netherlands during the Bicycle Day. The stands were uncovered by the Mayor of Vilnius Remigijus Šimašius and the Kingdom of the Netherlands […]
Lithuania’s consumer price index rose 1.1% in March mirroring rises across the eurozone, up 1.2%, and the EU (up 1%), according to the latest figures from Eurostat. In March, Portugal (2.2%), Italy (2.1% ) and […]
Lithuania needs only three things to even surpass the Scandinavian countries, according to Cynthia Pasky, the head of Strategic Staffing Solutions which helps global companies to open service centres in Lithuania. “The first one – […]
Lithuanian businesses are decreasing savings and increasing investment as profits almost hit pre-crisis highs, with growing salaries and domestic consumption, and positive trends in Lithuania’s main export markets. Bank of Lithuania data shows that the […]
Lithuanian Energy Minister Rokas Masiulis met with Latvian Deputy Prime Minister Arvils Ašeradens and Estonian economy and infrastructure minister Kristen Michal in Riga to try to find a common position on the issue of electricity […]
Lithuanian construction industry revenue contracted 3.5% last year, to total €2.5 billion, Verslo Žinios reports. The contraction is largely down to fewer large-scale public contracts, which is why construction companies focusing on government projects took […]
Rūta Pentiokinaitė, the acting general manager of the Enterprise Lithuania nonprofit organisation, has won the competition to become the organisation’s official general manager. The Ministry of Economy announced Pentiokinaitė’s appointment on Wednesday. Enterprise Lithuania is […]
Lithuania’s equal opportunities ombudsman received a record number of complaints in 2015. Since the establishment of the office in 2015 the Equal Opportunities Ombudsman received 265 complaints and 165 inquiries. 65 complaints were investigated and […]
The head of Lithuania‘s airports has said that the time is right for a private operator to take over the running of country‘s airports and that there will have to be closures as the country […]
Ride-share company, Uber, is to expand its software engineering centre in Lithuania is targetting Lithuanian expats with technology expertise to come back to the country to staff the centre. Head of Uber for the Baltic […]
Industrial production in Lithuania rose 2.5% in February bucking the 0.7% fall in production across the European Union, according to the European Union statistics department Eurostat. Lithuania had the fastest rate of growth in industrial […]
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