CORPORATE
Banks fail to develop common solution to replace code cards
Commercial banks in Lithuania have still not developed a common alternative for code cards, whose use will be restricted from April. […]
CORPORATE
CORPORATE
Falling ruble brings average Russian wages close to minimum in Lithuania
With plummeting oil prices the ruble continues to decline against the euro and other currencies to such an extent that the average Russian wage may soon hit a level equivalent to the Lithuanian minimum wage. […]
CORPORATE
SMEs to get €38m fund for soft loans
A new €38 million fund to provide Lithuanian small and medium-sized businesses with access to soft loans has been announced by the government. […]
CORPORATE
Prime minister demands investigation in food for poor scandal
The Lithuanian state could be paying up to double average market prices for food it procures under a programme to support those living in poverty, according to an investigation by 15min.lt. […]
CORPORATE
CORPORATE
Social Democrat MP shocks Butkevičius by saying Left ‘needs Paleckis’
Social Democrat MP Birutė Vėsaitė has shocked the prime minister and her party colleagues by posting comments on Facebook supporting Algirdas Paleckis and saying that the Left needed him, after he announced he was leaving the Socialist People‘s Front. […]
CORPORATE
Conservatives’ game of thrones weighing on party’s prospects
With general elections approaching, the conservative Homeland Union – Lithuanian Christian Democrats, one of Lithuania’s major political parties, is facing the prospect of another term in opposition. […]
CORPORATE
Lithuanian railways wins freight deal with Kazakh company
Kazakhstan will being transporting goods to Scandanavian and Western European markets using Lithuanian Railways trains after a new contract was signed between KTZ Express of Kazakhstan and Lithuanian railways. […]
CORPORATE
Indexing could raise pensions by up to 7%, says Butkevičius
Lithuania pensions could rise by 6% to 7% in the coming year driven by their indexing to wage growth in the economy which is currently running at 5.5%, according to Prime Minister Algirdas Butkevičius. […]
CORPORATE
Pope Francis personally greets Lithuanian disabled pilgrims
Pope Francis welcomed pilgrims from countries around the world at a general audience yesterday, among them were a group of 15 people from Lithuania – and many of them were greeted with a personal handshake. […]
CORPORATE
50% more jobs created by foreign companies in 2015, says Invest Lithuania
The latest figures show that last year was a record year for Lithuania and Invest Lithuania with 50% more jobs created from foreign investment than last year, according to the agency. […]
CORPORATE
CORPORATE
CORPORATE
Economic crisis reason for smaller pensions in Lithuania, says Butkevičius
The reason that Lithuanian pensioners currently receive lower pensions than in other countries is that during the economic crisis, Lithuania, unlike other countries, had to cut pensions and so despite recent increases, pensions started from a lower baseline, Prime Minister Algirdas Butkevičius told LRT Radijas. […]
CORPORATE
Lithuanian scientist listed among Forbes top 30 Under 30
Lithuanian Karolis Misiūnas who is studying at Cambridge University was ranked among the most influential Europeans under 30 years-old in the Forbes 30 Under 30. The Lithuanian scientist was ranked in the top 30 in Forbes science and healthcare category. […]
CORPORATE
Increase non-taxable income, not minimum wage, says new party
Non-taxable income should be increased instead of the minimum wage and that would put more money in the pocket of workers, according to Naglis Puteikis, a member of, and tapped to be leader of, Lithuania’s newest political party, Increase Tax-Exempt Income (NPD). […]
CORPORATE
Lithuania tops Baltics in global innovation rankings – Bloomberg
Lithuania is ranked ahead of its Baltic State neighbors, Latvia and Estonia, in the latest Bloomberg global innovation rankings – South Korea took number one spot in the rankings, which scored economies using factors including research and development spending and concentration of high-tech public companies. […]