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 […]
Lithuania’s energy price regulators have released new rates of electricity for household users, cutting the price 5.4% on average. The new rates, set by the National Commission for Energy Control and Prices, will come into […]
Lithuanian hotels and accommodation providers received close to half a million (468,800) tourists during the first quarter of this year, 12.2% more than in the same period in 2015. The numbers of local tourists increased […]
A voter survey conducted after the “black Thursday” on May 12 when news broke about bribery suspicions against former Liberal leader Eligijus Masiulis shows that voters have reacted strongly to the “Liberal scandal”. […]
The new Zhukovsky or Ramensky Airport in Moscow built by Lithuanian company, Avia Solutions Group was opened in the Russian capital yesterday. The Russian government official website reported that the airport would be presented to […]
“As far as the taxation of labour goes even though the income tax rate is not high – at 15%, the actual tax burden, including social security contributions is about 55%,” said Fidexperta founder Rūta […]
Five years ago, I wrote about the first time I saw the lands of Kaliningrad, known as the Karaliaučius region in Lithuanian. My first impression was depressing. […]
Lithuanian Foreign Minister Linas Linkevičius and Iran‘s Deputy Minister for Finance Mohammad Khazaei signed an intergovernmental agreement on economic cooperation yesterday. The two countries will seek to create a favourable investment climate for investors and […]
Over 200 blocks of flats have been renovated across Lithuania this year. The Ministry of Environment says the programme, aimed at achieving better energy efficiency at Soviet-built housing stock, is picking up pace. Over the […]
A bit more than four months are left until the Lithuanian parliamentary elections. Recent scandals have rocked the Liberal Movement party’s support, but nearly all parties have recently experienced scandals or missteps that have cast […]
Lithuanian MP Naglis Puteikis was elected chairman of the Lithuanian Centre Party at a convention in Kaunas on Saturday as it launched its election campaign. The party has decided to participate in the upcoming parliamentary […]
Russian Prime Minister Dmitry Medvedev has signed a decree under which Kaliningrad’s port limits should be expanded to accommodate a new Gazprom LNG terminal, writes Andrzej Kublik at gazeta.pl. Gazprom plans to install a terminal […]
The black economy in Lithuania is estimated to be worth more than €9 billion, or more than one billion euros more than the country‘s budget this year, which includes EU funding and other international supports. […]
Lithuanian truck drivers are organizing a rally on Monday to protest new measures introduced in France which they say will undermine competition. The French government has passed legislation, which comes into force this July, demanding […]
Each year, about half a million Lithuanians give up to 2% of their income tax to non-profits, which amounts to millions of euros. While tax authorities can track who gets the money, they hardly ever scrutinize if it is used for its intended purpose. Occasional inspections reveal, however, that sometimes the funds are used to purchase cars or real estate. […]
The State Food and Veterinary Service (VMVT) has completed negotiations with Algeria on veterinary certificates for the export of meat products to that country, reports Lietuvos Žinios. Lithuania has recently negotiated veterinary certificates with Iran, […]
Belarus businesses are interested in adopting technologies developed and used by Lithuanian industry. This was discussed during a meeting between Lithuanian and Belarus entrepreneurs and public institutions in Lida. At the twelfth Lithuanian-Belarusian Forum, Belarusians […]
One of Lithuania’s biggest agricultural companies Kauno grūdai has launched an internal investigation after suspicions arose that former employees could have embezzled value added tax (VAT). Kauno grūdai insists that the company itself does not […]
It has emerged that the Special Investigation Service‘s (STT) investigation of former Liberal Movement chairman Eligijus Masiulis and MG Baltic Vice-president Raimondas Kurlianskis for suspected corruption began at least seven months before the suspicions were […]
The first quarter of 2016 saw increased borrowing by small businesses, improved corporate credit ratings and growing productivity. Farmers, retailers and manufacturing companies were the most active borrowers among small businesses, says Swedbank. Swedbank’s loans […]
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