Jon Baldvin Hannibalsson
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Small countries can be powerful on world stage too, says Hannibalsson

On February 11, 1991, Iceland was the first country to recognize Lithuania’s independence, and Iceland‘s Foreign Affairs Minister at the time Jon Baldvin Hannibalsson said it showed that small countries coming together could exert real influence on the international stage. […]

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Orlen Lietuva profits jump but company pays €80m less tax

Orlen Lietuva profits jumped to €217 million last year after a loss of €109 million in 2014 yet the company paid significantly less in taxes Lithuania last year than it did in 2014. […]

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Lithuania ranks third in EU for growth in consumer spending

Lithuanians are spending more and more on shopping, ranking third in Europe for growth in consumer expenditure despite the fact that Lithuania has the smallest amount of shopping or retail space per head of population in Europe. […]

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CORPORATE

Not a single entrepreneur accompanying Lithuanian PM on state visit to India

On Thursday Lithuanian Algirdas Butkevičius is leaving for a week-long official visit to India and while it should be a journey in search of new markets for Lithuanian companies, there is not a single entrepreneur accompanying the prime minister on the visit. […]