The Lithuanian government has approved changes to the management requirements of state-owned companies in order to optimize the use of public funds. State-owned companies will no longer be required to submit 3, 9 and 12-month […]
For the past twelve weeks, Lithuanian military instructors have been training their Ukrainian colleagues. The twelve-week basic military training course for Ukrainian soldiers at the Ukrainian army training centre is coming to an end. The […]
Lithuania’s electricity transmission system operator Litgrid has connected 24 wind turbines with a total capacity of 60 megawatts to the transmission network in Šilutė region. A 330 kilovolt substation had to be built to get […]
Lithuania’s market of alcoholic beverages has hit decade-lows. Over the first half of this year, retailers, bars and coffee shops sold 4% less alcohol compared to the same period in 2015, shows Baltic Drink Industry […]
Lithuania’s LNG terminal in Klaipėda, launched in late 2014, has been a symbol of its aspiration towards energy independence, although maintaining the facility has proved a heavy financial load. That, however, is changing. […]
During the first half of this year, Lithuanian exports shrank 2.4% compared to the corresponding period last year. Because of slow economic growth in Europe, exports to EU countries fell 4%. The Brexit referendum caused […]
Lithuania’s small brewers argue that the deposit system in which the same fees for one-off packages are applied to large and smaller producers is unfair. The success of the deposit system in Lithuania, where buyers […]
The Lithuanian Parliament has already agreed to consider personal income tax law amendment which would encourage employers to buy gym memberships for their employees. According to the amendment, the expenses that an employer would spend […]
A 225-meter cruise ship Europa 2 arrived in Klaipėda on Wednesday. It is one of the most luxurious ships throughout the cruise ship industry. 520 passengers have come to Klaipėda in the Europa 2 which […]
Increasingly more Lithuanians decide to invest in second homes for vacation or leisure or even to let, according to real estate company Ober-Haus. “Banks’ funding conditions are attractive, interest rates have reached the lowest point. […]
Burst of the real estate bubble in Sweden would not induce a major financial crisis in Lithuania or the Baltic states, despite their exposure to Scandinavian banking, says Morten Hansen, head of Stockholm School of […]
In June, Lithuania exported goods worth €1.83 billion and imported for €2.06 billion, according to preliminary data from Statistics Lithuania. Compared to June last year, exports contracted 7.5%, while imports went down 8.1%. Some of […]
Six commercial farms have been included in a 10km surveillance zone after the State Food and Veterinary Service diagnosed African swine fever in a pig farm situated in Jonava in Žeimiai village. In addition to […]
A mobile service provider has demonstrated 4.5 gigabit per second mobile internet speed, the fastest in the Baltic countries so far. It has been demonstrated by Tele2 and telecommunications equipment maker Nokia. To compare, 4G […]
Lithuanians have been unwavering EU enthusiasts for over a decade since they joined in, all the while Brussels institutions largely lost favour of many European. Experts say it is about much more than just the money that Lithuania gets from the EU. […]
The number of at-risk families in Lithuania has gone down significantly over the last decade, data from Statistics Lithuania suggests. In 2005, there were estimated 16,000 at-risk families in the country, while in late 2015 […]
The parliamentary group of the Labour Party, which is a member of Lithuania’s ruling coalition, is meeting Interior Minister Tomas Žilinskas on Tuesday to discuss refugee resettlement. The Labour Party insists that Lithuania should go […]
A record number of Lithuanian TV viewers tuned in to watch their national men’s basketball team play the first match in Rio Olympics. The first and very dramatic game saw Lithuanians narrowly beat team Brazil […]
Lithuania, along with Hungary, Latvia, Romania and Bulgaria, offer the lowest production costs in the EU, the latest Eurostat data shows. Average hourly labour costs in the manufacturing industry in Lithuania in 2015 was €6.7 […]
Lithuania has surpassed its northern neighbour Latvia when it raised the minimum wage to €380, which is €10 more than in Latvia. However, Latvia has started discussing the possibility to raise the minimum wage to […]
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