euro
Economy

Strong growth continues: GDP up by 3.9% in Q2

The Lithuanian government and the businesses can relax for now and enjoy their summer vacation – the Lithuanian economy continues growing at an accelerated pace . The Lithuanian GDP increased by 3.9% in Q2 of this year, compared to the same period a year ago. Meanwhile, in quarterly terms, the seasonally adjusted GDP increased by 0.6%. The annual growth for Q1 was revised up by 0.2 pp to 4.1%, Swedbank announced. […]

Chancellor A. Merkel and German troops
Defence

2nd rotation of German troops coming to Lithuania

The second rotation of German troops is coming to Lithuania to head the NATO enhanced Forward Presence Battalion Battlegroup. […]

Money
Society

Latvians going on trial in Lithuania over undeclared EUR 700,000

The Lithuanian Prosecutor General‘s Office has handed to Vilnius court a criminal trial of three Latvian citizens charged with unlawful cash movement. […]

Wind power farms
Energy

Wind power accounts for half of Lithuania’s H1 electricity output

Wind power production in Lithuania soared by 40 percent in the first half of 2017 year-on-year to 633 gigawatt-hours (GWh), accounting for half of the country’s total electricity output during the six months. […]

Handshake
Economy

Study shows Lithuanians believe to be most business-savvy among Balts

Lithuanians believe that the most important thing for the start of the business is having enough savings and a great business idea (76 percent), while Latvians view know-how as the most important (73 percent) and Estonians think that the most important thing is an idea and know-how (79 percent), shows a survey of entrepreneurship of residents of the Baltic states conducted by Spinter research (Spinter Surveys) for DNB bank. The survey was published on Thursday. […]

Kaunas Free Economic Zone
Economy

New details in Hella’s investment story: German giant chooses Kaunas FEZ

Hella KGaA Hueck & co., a German manufacturer of lighting technology and electronics products for the automotive industry, and the Lithuanian Kaunas Free Economic Zone have finalized a long term land lease agreement. During the first stage of development up to €30 million investment in a production plant is planned and this will create up to 250 new jobs. Depending on the pace of growth, more investments are expected in the future. […]

WOD
Freetime

Let‘s make Lithuania famous together

World of Dance is an international dance competition, which is the biggest event in urban dance world today. The event gathers around dancers from more than 30 countries, including Asia, Europe and USA. From this year Lithuania is in the list as well! Competition stimulates the art of urban dance to be spread and prompts enthusiasm of incredibly talented dancers from all over the world. Hundreds of participants and thousands of spectators gathers every year to watch performances and support artists that comes to represent their countries in the worldwide finals and contend for the title of the best dancer in the world. […]

The VII international folk contest-festival “the Flower of the Sun”
Culture

7th international folk contest-festival “the Flower of the Sun” has unfolded and blossoms in Šiauliai

On 1–6 July, Šiauliai hosts the international folk contest-festival “The Flower of the Sun” for the seventh time; it brings joy, colours and diversity of events to city residents and guests. […]