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CORPORATE

Lithuanian state-owned enterprises make €69.9m in profits in first quarter

State owned enterprises (SOEs) earned €69.9 million of normalized net profit over the first three months of 2016. Energy sector companies enjoyed 11.9% profit increase compared to the same period last year, shows the Management […]

Saulius Skvernelis, Ramūnas Karbauskis
CORPORATE

Outsiders make up a third of Lithuanian Peasant and Greens Union’s candidate list

As many as 44 candidates on the list of the Peasant and Greens Union (LVŽS) are not party members, a third of the total. “Unlike other political forces, we did not require that our candidates […]

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CORPORATE

Lithuania’s TEO and Omnitel report growing profits

Lithuanian telecommunication group, owned by Sweden’s Telia Company, has reported growing revenue for the second consecutive quarter. Teo LT, provider of landline and internet services and owner of the mobile operator Omnitel, says its made […]

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CORPORATE

Business centre boom spreads across Vilnius

Vilnius is becoming a city of business centres – when one is finished, construction on the next one begins – eight new centres are in the pipeline this year. […]