Opinions are divided on why Lithuanians make relatively low wages, even compared to their northern neighbours in Estonia. As pointed out by the chief economist for Swedbank, Nerijus Mačiulis, there is a plethora of reasons […]
This year has been tough on the second-hand clothing market. With rising prices, cut-throat competition and choosy customers, it has become a tough market, especially after Lithuania adopted the euro in 2015. Vaida Baliukonienė, the […]
A delegation of China Merchants Logistics executives were in Vilnius on August 24 to discuss partnership perspectives of the joint venture with Lietuvos Geležinkeliai (Lithuanian Railways). The project for the joint company, which will provide […]
Lithuania and the other Baltic states have recently enjoyed increasing support from NATO partners in terms of troop stationing and military equipment. Each country will not only be able to expect increasing numbers of NATO […]
Reacting to Russian activities in Eastern Ukraine and the constant escalation of military activity in the Baltic Sea region, Lithuania has joined the top 10 of NATO states best funding their defence, reaching the ninth […]
The face-to-face meeting of the presidents of Lithuania and Poland, the first one since Poland’s Andrzej Duda took office a year ago, has raised hope of ending the chill in Vilnius-Warsaw relations. However, a big break is hardly in view, political analysts say. […]
The Three Crosses monument in Vilnius has become a popular site of expressing solidarity with other nations: it was lit in blue, white and red after November’s shootings in Paris and in the colours of […]
Parties running for parliament in Lithuania’s general elections this Ocober have drawn lots to decide the order in which they will be listed on the ballots. The Central Electoral Commission‘s chairman Zenonas Vaigauskas said on […]
The black market is the reason for skyrocketing consumer prices in Lithuania, according to the country’s Finance Minister Rasa Budbergytė. “The reason [for high prices] is definitely not the adoption of the euro,” she said […]
The security of Lithuania’s Liquefied Natural Gas (LNG) has a number of issues, according to an anonymous officer working in the service that guards the facility in Klaipėda. According to the officer, there are a […]
Lithuania’s former President, 89-year-old Valdas Adamkus gave an interview to the Info TV programme “Komentarai su I. Makaraityte”. Adamkus discussed topics ranging from the recent debate on the construction of the Astravyets nuclear power plant […]
Germany‘s recommendations for its citizens to stock up on supplies for potential emergency situations made Lithuanians wonder whether they are prepared. With a number of terrorist attacks around Europe and in Germany over the past […]
With housing prices having been on the rise for the past five years, demand has kept pace. According to Head of Valuation & Analysis for Ober-Haus Saulius Vagonis and chief economist for Swedbank Nerijus Mačiulis, […]
Over the last several years, Lithuania’s tourism industry has been hit by dwindling numbers of tourists from Russia. However, unrest in other holiday destinations and the stabilizing purchasing power of Russian consumers have allowed a […]
Emigration has been a perennial headache for the Lithuanian government and businesses for more than a decade now. Departures of young and educated people are a particular drain on the country’s resources. […]
Prosecutors have announced that they are discontinuing an investigation into alleged tax evasion by shareholders of VP Group, one of the biggest companies in Lithuania that owns several shopping malls and the Maxima supermarket chain. […]
Political observers predict that three parties – the social democrats, the conservatives and the peasant-greens – will take the lion’s share of seats in the new Seimas after October’s general election. […]
Government plans to propose nearly 200 bills for parliamentary consideration during the upcoming autumn session which starts in three weeks. However, this session will be interrupted by parliamentary elections which will seriously hinder the chances […]
Household appliance and electronics vendor UAB Topo Grupė has started accepting payments in bitcoins in its online shop. Payment services to Topo Grupė is provided by the company SpectroCoin. The company says it is the […]
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