Leading up to every parliamentary election, political parties make promises to the electorate; that what it is they intend to achieve when they come to power. But how many of these pledges were actually fulfilled on defence and foreign policy? Leading analysts have their say. […]
Green energy company Modus energija has installed a 5.7 MW solar panel farm in Belarus which is the largest in the region. The farm will be able to annually produce 6.27 m. kWh of electricity […]
On Monday, Lithuanian President Dalia Grybauskaitė vetoed the Labour Code proposed by the Seimas and offered potential changes that she believed might improve security for workers.
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Ahead of an extraordinary session of the Seimas to review the presidential veto of the new Labour Code, the president’s chief adviser Lina Antanavičienė has said the aim of the veto was to protect the […]
Fifty-seven percent of Lithuanian companies and 75% of foreign companies have named taxes and tax system as the biggest problem for business, a small and medium-sized enterprises‘ Spinter survey commissioned by Citadele bank shows. Trading […]
Lower levels of growth in the eurozone as a result of Brexit will negatively affect the growth of Lithuanian exports cutting economic growth rates in the next two years, Danske Bank said yesterday. Danske Bank […]
Germans earn about five times more than Lithuanians, but the prices of goods in these two countries appear to be now almost the same. How could that be the case when there is such a differential in wages? […]
A new report by the National School Evaluation Agency has found that the quality of school classes in Lithuania is only average leading to calls for a higher education requirement for all teachers. “We must […]
Lithuania‘s unemployment rate fell to 8% in May on a seasonally adjusted basis, down from 8.2% in April of this year. Eurozone unemployment rates fell 10.1%, Which fell by 0.1 per cent, down from 11% […]
The Lithuanian Ministry of National Defence and the German and Israeli manufacturers are negotiating the purchase of Boxer infantry fighting vehicles for Lithuania‘s military with an agreement expected to be signed this month. German and […]
Electricity transmission operators predict that Lithuania will be one of the few European countries where electricity consumption will grow annually in the coming decde. Even though the population of the country is decreasing, electricity consumption […]
Lithuanians spend the largest share of their income on food in the EU, a Sprinter tyrimai poll commissioned by Delfi shows. Almost half of Lithuania’s population (48.5%) spend 26%-50% of their income on food. This […]
This month, the Lithuanian parliament rejected a conservative resolution, calling for the declaration of the Lithuanian Communist Party (LCP) a criminal organization and a perpetrator of genocide against the people in Lithuania. Thirty-seven MPs voted […]
Lithuania‘s parliament has prevented any future privatisation of the armaments factory, Giraitė Munitions Factory, assigning it as an asset of national strategic importance MPs said that it had been planned to privatise the public company […]
President Dalia Grybauskaite met with employers and trade unions to discuss the Seimas adopted new Labour Code on Thursday and criticised some of its provisions. The President said the new labour code increases social uncertainty […]
Lithuanian business organizations have told Lithuanian President Dalia Grybauskaitė that the new Labour Code will bring many positive changes to Lithuania‘s economy. Businesses say that the newly established flexible working relationships will provide Lithuania with […]
Lithuania’s parliament has criminalised match-fixing and the manipulation of sports results, with people found guilty facing up to four years in prison. With the additions to the Penal Code it has been established that anyone […]
The United States has praised Lithuania’s progress in fighting human trafficking, putting in the top tier of nations in its latest report on the trade. This year’s Trafficking in Persons Report said that Lithuania has […]
Rimi Lietuva’s net profit jumped to €7.3 million, from €953,100 euros in 2014 on the back of a raft of new store openings. Rimi’s annual revenue in Lithuania increased by 15.7% to €28* million. Rimi […]
The United Kingdom’s withdrawal from the European Union will harm the development of Lithuanian start-ups and the emergence of Lithuania as hub for entreprenerial companies, reports Verslo Zinios. “It is hardly to be expected that, […]
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