While waiters at restaurants and cafes in Lithuania receive part of their remuneration in tips, taxing this part of income is a grey area. A new legislative proposal would make tips subject to income tax. […]
Nordea Bank economist Žygimantas Mauricas accused Lithuanian political parties of offering primarily cosmetic tax and economic reforms that were failing to solve the disparity between taxation and income in Lithuania. “People’s greatest complaint in Lithuania, […]
The International Monetary Fund may resume credit to Ukraine in the coming months, according to the international rating agency Moody’s. In its review, Moody’s noted the Ukrainian government’s progress in reforming the country’s economy and […]
The Social Democrats proposal to reduce VAT for fresh and chilled meat to make it more affordable has been criticised by the opposition and economists. But is it a credible proposal? “They are now aiming […]
While the average monthly salary in Lithuania is still the lowest of comparable countries like Hungary, Slovakia, Poland and the Czech Republic, wages in the IT, banking, retail sales and human resources fields are now […]
Lithuania’s leading business representative body has said that the proposed new labour code is so dysfunctional and unsatisfactory it would be better if it was not be enacted at all. “All the issues had been […]
As the Baltic States try to convince NATO allies that Russia represents a real threat to security in Europe, a retired Danish general said that his country was in a very similar situation during the Cold War as a nation on the borderline between West and East. […]
Businesses with risky projects that have potential can expect some support from the so-called Juncker plan as early as this summer. The funds will be provided by the European Investment Bank through Finland’s OP bank. […]
Lithuania’s parliament is considering a new bill, which would allow European political parties and foundations to operate in Lithuania. Under the European political parties‘ and European political foundations‘ bill prepared by the Ministry of Justice […]
Vilnius led the way in the level of taxes it collected per capita at an average of €800 in 2015, a far higher amount than any other Lithuanian municipality, emphasising the gap between the capital […]
The biggest bakery in the Baltics has opened a new upgraded plant in Vilnius. The new plant of Vilniaus Duona, inaugurated on Thursday, represents €9.3 million in investment and will employ 147 workers. President Dalia […]
After the announcement on Thursday that Liberal Movement party leader Eligijus Masiulis was under investigation for allegations of having taken a bribe of €100,000, he resigned from his position as head of the party and […]
Industrial production volumes in the eurozone, the European Union and Lithuania decreased during the first month of spring compared to the previous month, according to Eurostat. Industrial production in the EU contracted by 0.5% in […]
The upcoming NATO summit in Warsaw should mark a return to collective defence as a core mission of the Alliance, said diplomat and former Ambassador to Russia Renatas Norkus on Thursday in Vilnius. “Such a […]
Artūras Zuokas and his Lithuanian Freedom Union are returning to national politics by promising voters happiness. “You know, I have been studying happiness economy lately and it has two steps. One – economic prosperity, and […]
Lithuanian foreign trade figures have improved early this year due to growing exports and falling imports. In the first quarter of 2016, Lithuanian exports of products and raw materials amounted to €5.2 billion, while imports […]
EU has released the first tranche of funding to build a natural gas connector between Poland and Lithuania. Innovation and Networks Executive Agency (INEA) has transferred the first EU support payment to AB Amber Grid […]
Companies employing three or more workers may have their average wages and their total Sodra contributions published under a new law. The proposal is part of the latest edition of the State Social Insurance Law. […]
The European Investment Bank granted €150 million to support innovative, risky startups and businesses in the Baltic countries and Finland but Lithuania, Latvia and Estonia may only get a little more than one tenth of […]
During the 9th congress of the Lithuanian Confederation of Industrialists (LPK), the confederation reelected Robertas Dargis for a second term as its president. During the 9th congress of the Lithuanian Confederation of Industrialists (LPK), the […]
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