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Baltic M&A market grows 28% in 2016
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 […]
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CORPORATE
New car sales skyrocket in May
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 […]
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Lithuanian to head up World Bioenergy Association
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 […]
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Business sentiment strongest in Lithuania’s big cities – new survey
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 […]
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Baltic-Singapore Chamber of Commerce team up to promote cooperation
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 […]
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Lithuanian-Chinese relationship presents opportunities for growth – Butkevičius
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” […]
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Lithuanian parliament sets conditions for international airport concessions
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 […]
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Which Lithuanian companies are opposed to publishing their average salaries?
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 […]
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Lithuanian president supports increase in non-taxable income for low paid
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 […]
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Improve tax compliance, increase education investment – European Commission tells Lithuania
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 […]
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Lithuania needs immigrants to be competitive economy, says EU ambassador
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 […]
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Bank of Lithuania appoints administrator to credit union
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 […]
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The paradox of Lithuania’s offshore companies
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. […]
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Heating company sues Vilnius authorities over €5.6m debt
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. […]
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Will bursting of real estate bubble in Sweden send ripples across Baltics?
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 […]
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Use of electronic signatures breaks 100k barrier in Lithuania
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 […]
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What has Lithuania’s ruling coalition decided to do on VAT rates?
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 […]
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Lithuania’s unemployment rate falls again in April
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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Lithuanian government issues €25m bonds
The Lithuanian government issued bonds on Monday worth €25 million with the average return of 0.041%. Nasdaq Vilnius, which handled the emission, says that investors lent to Lithuania for between 0.02% and 0.05%. The latest […]