Lukoil petrol station
Economy

Why is Lukoil really leaving Lithuania?

Just before Christmas, Lukoil president Vagit Alekperov announced that Lukoil would start to withdraw from Lithuania and Latvia. However, for a number of Lithuanian economists it appeared strange that one of the main reasons why Lukoil said that it had decided to withdraw from Lithuania and Latvia was not linked to the company‘s move to performance optimization and a switch on the wholesale oil market, but rather the anti-Russian mood in the two countries, alfa.lt reports. […]

Algirdas Butkevičius
Politics

PM Butkevičius says Lithuania became energy independent in 2015

Prime Minister Algirdas Butkevičius says the euro introduction, power interconnections with Poland and Sweden, and reforming the Labour Code are Lithuania’s three biggest achievements of 2015. He also reviews the country’s future plans for 2016 on TV programme Alfa Savaitė. […]

Economy

Only one third of Lithuanian companies taking opportunities to expand

Only about a third of the country’s entrepreneurs take active steps to achieve tangible results in looking for new business development opportunities, according to a new survey. […]

No Picture
Economy

Lithuanian taxi app to offer Uber-like services

eTAKSI, a Lithuanian taxi hailing app, is planning to start offering Uber-like ride services to meet higher demand during the holiday season. […]