A range of economists and employers have criticised the decision of Lithuania‘s government to raise the minimum wage again in July saying it has a limited effect on improving the lives of low income groups […]
While the overwhelming majority of Lithuanians support their country’s NATO membership and the Allied presence in its territory, marginal groups and political parties across Eastern Europe are trying to rally an anti-NATO movement ahead of the Alliance’s summit in Warsaw this July. […]
Foreign and local investors will get an equal opportunity to lease sites at Lithuania‘s main seaport after rules were changed in response to EU pressure. The Lithuanian parliament revised the leasing rules for Klaipėda seaport […]
The European Investment Bank (EIB) will give a loan of €190 million to the Vilnius cogeneration plant operated by the state-run Vilniaus Energija holding, with guarantees provided by the European Fund for Strategic Investments (EFSI). […]
Klaipėda port authority plans to invest €150-€180 million in developing the southern part of the port over the three years to increase cargo traffic. Port executives said that the canal would be deepened to 14.5 […]
If British voters opted for the Brexit option in Thursday’s referendum on the UK’s membership in the EU, other member-states would feel the hit to their economies. Ireland would suffer the biggest hit to its […]
Lithuanians were hit with big bills from extreme weather events last summer, with thunder storms causing the most damage. Insurance company ERGO said its customers in Lithuania faced bills of over €100,000 last year from […]
The Lithuanian government said that it does not support the compulsory registration of unmanned aircraft. The backers of the amendments to introduce compulsory registration say it is necessary to know who owns and is flying […]
Three out of four pensioners in Lithuania have occasional or regular work to supplement the small retirement pensions they receive. Currently, the average retirement pension is less than half the average wage in Lithuania (around […]
Discussions surrounding Lithuania’s Labour Code reform is part of the global trend where capital is challenging workers’ rights and pushing to transfer all risks associated with business cycles onto labour, according to a Linköping University professor who analysed the discourse of both the advocates and opponents of the reform. […]
Members of parliament Naglis Puteikis, Kristupas Krivickas and former Seimas Anti-corruption Commission chairman Ligitas Kernagis are reportedly suing the Lithuanian government and Prime Minister Algirdas Butkevičius for failing to check price rises after the introdiction […]
The Lithuanian Parliament has approved amendments to the law on tobacco control, restricting tobacco companies’ ability to sponsor public events. So far, the law prohibited promotion of tobacco consumption, while only limiting sponsorship. The amendment […]
Around 300 people held a rally outside the United States embassy in Vilnius on Thursday, protesting against Lithuania’s domestic policies. Organizers of the action say they picked the site because the US “is the biggest […]
Lithuanian and Latvian economies are growing at a similar pace, but while Lithuanian entrepreneurs exhibit cautious optimism, Latvians are rather pessimistic for the second year in a row, shows a business sentiment and confidence index […]
Last year, more than 120,000 employees in Lithuania earned less than the minimum wage. This year, the numbers have dropped to around 100,000. Employers are regularly inspected by the State Tax Inspectorate, State Social Insurance […]
The Social Democratic party on Thursday released its electoral programme document which immediately drew criticism due to a number of factual errors that it contains. For example the social democrats promise to raise the annual […]
The accelerating rate of Lithuanian wage growth has not been met with an increase on labour productivity and the Bank of Lithuania says this could be a problem for the country’s economy. Labour productivity has […]
Lithuania adopted its law on domestic violence law five years ago and the number of reported cases of domestic abuse has been growing, which suggests that Lithuanians are increasingly recognising domestic violence as a crime. […]
In response to particularly difficult situation of Lithuania’s milk producers, the Ministry of Agriculture plans to distribute state subsidies earlier. Milk producers will receive support for 2016 as early as late June or early July. […]
Lithuanian Valdas Puzeras has been appointed as the general manager of Ukrainskiy Riteil, a company owned by Ukraine‘s richest businessman Rinat Akhmetov, TradeMaster.ua reports. Puzeras started working in the position on June 6. Puzeras has […]
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