CORPORATE

Geoterma, a Lithuanian company, has received permission to use geothermal water from a underground well in Klaipėda for the first time for health purposes. […]

Russia ‘has never sought peace in the Middle East’ – analyst

Russia does not seek peace in the Middle East but has far bigger global strategic intentions, says Lithuanian political analyst Marius Laurinavičius. […]

Russian crisis knocked 2.6% off Lithuania’s economic growth

If not for the impact of the economic crisis in Russia, Lithuania’s economy would have grown by 4.2% rather than 1.6% last year, according to Nordea bank economists. […]

Ethnic minority schools staging protest in Vilnius

March 17, 2016 the Lithuania Tribune 0

Representatives of ethnic minority schools are staging a rally outside the Municipality of Vilnius on Thursday in protest of what organizers say is assault on ethnic minority education. […]

Can Lithuania compete with cheaper Polish produce?

Lithuanian shoppers have been making shopping trips to neighbouring Poland where despite comparable living standards prices of food and other goods are considerably cheaper. […]

Kaunas region’s first FDI ranking to drive investment

Kaunas region was ranked among the best small European regions of the future by FDI Magazine in the category of economic efficiency. […]

Lithuanian NGOs ‘not transparent on government lobbying’ – Transparency International

One third of Lithuanian non-governmental organizations (NGOs) have tried to influence political decisions in the last two years, but less than half (46%) made those attempts public, according a survey of NGO representatives commissioned by the Lithuanian branch of Transparency International (TILS). […]

Participants in Free Russia Forum held in Lithuania face Russian probe

A Russian State Duma deputy from the United Russia party, Robert Shlegel, said he intends to give transcripts from the Free Russia Forum that was held in Trakai, Lithuania last week to the Russian General Prosecutor’s Office and the Research Committee, TV channel Dozhd reports. […]

Lithuanian corporate profits come close to record highs but labour costs pose threat

Last year Lithuanian corporate profits almost hit the record levels of 2007 with pre-tax profits reaching €4.2 billion or 40% more than in 2014. […]

Vilnius takes third place at FDI European Cities of Future Awards

Vilnius took third place at the FDI Intelligence European Cities and Regions of the Future Awards in the category of medium-sized European cities based on attractiveness for foreign direct investment and economic development. […]

Britain is voting on leaving or staying in the EU this June

Brexit would have big impact on Lithuania’s economy

March 16, 2016 the Lithuania Tribune 0

Brexit would have a strong impact on Lithuania’s economy because of the size of the Lithuanian diaspora in the UK which sends back large amounts of money to the country via remittances and because Britain is a key trade partner. […]

Are Lithuanian businesses losing out in Rail Baltica project?

The strategically important Rail Baltica railway project designed to connect the Baltic States to Western Europe, from Tallinn to Warsaw, is slipping from Lithuania’s hands the country’s opposition parties claim. […]

Nasdaq Vilnius to recruit another 200 staff

Stock Exchange and technology provider Nasdaq Vilnius is to recruit another 200 staff in the next two years at its Lithuanian technology and business centres of excellence, reports Verslo Žinios. […]

Bank of Lithuanua president Vitas Vasiliauskas

New law to allow mergers of credit unions

The Lithuanian parliament is to consider a bill allowing mergers of credit unions. The Bank of Lithuania says the measure would improve the credit unions’ viability and introduce new players in the country’s financial market. […]

EC refuses request for €75 million aid for Lithuanian dairy farmers

The European Commission has denied a request for €75 million in support for Lithuanian dairy farmers submitted by Lithuanian Minister of Agriculture Virginija Baltraitienė at the beginning of the month. […]

Conscripts will only account for one-sixth of Lithuanian army

Despite the recommendations for the introduction of permanent conscription, Lithuanian conscripts will constitute only a small part of Lithuania’s total armed forces – about one-sixth – with the rest recruited as professional soldiers, Defence Minister Juozas Olekas told Žinių radijas. […]

Russia no longer Lithuania’s most important export market

In January for the first time since August 2007, Russia lost its position as the most important export market for Lithuanian products. […]

‘It is a tragedy for which there is no justification’