Judging by the reactions of parties’ chairmen and their members to the cronyism and corruption scandals rocking Lithuania’s political parties, the leaders of Lithuania’s “classical” political parties – the Homeland Union – Lithuanian Christian Democrats, the Social Democrats and the Liberal Movement – are rife with Trumpism, argues political observer Arkadijus Vinokuras. […]
The level of mergers and acquisitions in the Baltic states grew by 28% in the first four months of this year, bucking a global decline in M&A, according to a report by Prudentia. In the […]
Lithuania’s new vehicle registry in May had 46% more new vehicles in it than during the same time last year. A report indicates that 2,395 new automobiles were registered in May compared to 1,642 in […]
Remigijus Lapinskas was elected as the new president of the World Bionenergy Association in Istanbul. For many years Mr. Lapinskas has headed the Lithuanian biomass energy association Litbioma. “The fact that I was elected to […]
Entrepreneurs in Lithuanian cities have the highest levels of optimism but the mood among companies is pessimistic in the country’s smaller cities and towns, according to a Citadele Bank business confidence survey carried out in […]
The Baltic–Singapore Chamber of Commerce have launched an initiative in Lithuania to help Baltic entrepreneurs to discover this growing market in Southeast Asia. A number of Lithuanian businesses are already operating in Singapore but there […]
Prime Minister Algirdas Butkevičius met with People’s Republic of China State Council member Yang Jing on Thursday. The two leaders discussed developing the bilateral relationship between Lithuania and China, the countries’ cooperation in the “China+16” […]
The Seimas adopted the Lithuanian airports concession law on Thursday which establishes the legal and organizational conditions for the concessions for the country’s international airports. The concession will be granted through an open public tender […]
The Seimas‘ proposal for companies to publish workers’ average salaries has not been received well by all Lithuanian companies. According to Economic Consultation and Research director Gintas Umbrasas, this proposal is most feared by companies […]
Lithuania‘s President Dalia Grybauskaitė has welcomed the ruling coalition‘s plans to increase non-taxable income for workers to €310 saying she believed it would help reduce poverty. “The modest funds that we have in the current […]
The European Commission issued a range of recommendations on how to improve Lithuania‘s economy including improving tax compliance particularly VAT, adjusting the education system to the needs of the labour market and increasing productivity. The […]
Lithuania needs to compete for and attract well-educated immigrants to be competitive as an economy on the international stage – thoughts of avoiding immigration are fantastical in the 21st Century, according to the EU ambassador […]
Having identified that the Vilniaus Kreditas credit union did not maintain sufficient capital or a limit for the largest sum of loans to a single debtor, the board of the Bank of Lithuania has selected […]
A bank account with €2,500 in it, a couple of weeks (or even days), some straightforward paperwork and there it is – a brand new company. […]
Vilniaus Energija is suing the Municipality of Vilnius over a €5.6-million debt that the city owes for heating. Vilniaus Energija says in a statement that the Municipality has shown no willingness to cover the debt. […]
With glaring signs of overheating in Sweden‘s real estate market, Lithuanian experts offer contrasting opinions about whether a bust in Sweden would send ripples across the Baltic Sea. Lithuania’s banking sector is dominated by Scandinavian […]
The use of mobile electronic signatures is gaining popularity in Lithuania with over 110,000 people using the service in Lithuania at the end of 2015. The number of certificates issued for SIM cards also surpassed […]
Lithuania’s ruling coalition has said value-added tax rates will not be changed but that worker’s non-taxable income level will be increased to €310. Order and Justice chairman Rolandas Paksas announced these plans after the ruling […]
Lithuania’s unemployment rate dropped from to 8.2% in April as unemployment across the European Union fell slightly from 8.8% to 8.7%, according to Eurostat data. This is a slight decrease on the 8.4% unemployment rate […]
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