From the first of May all consumers will have to pay more for purchases from non-European Union countries. On May 1, 2016, the new EU Customs Code will enter into force and the new code […]
Germany is to send more troops to Lithuania, the influential German news magazine Der Spiegel reports. “Due to requests from Eastern partners, NATO will send more troops to the border of Russia,” reports Der Spiegel, […]
Shortages of skilled IT and technology industry project managers in Lithuania will drive up salaries and create increasing opportunities for female managers according to recruitment experts. While there are more than 6,200 project managers in […]
Lithuania‘s economy will grow faster this year driven by increases in exports and strong domestic demand, according to SEB Bank. SEB analysts expect that GDP growth in 2016 will be 2.8% and rise to 3.2% […]
Companies owned by the Lithuanian state have reported €216,3 million in net profits over 2015, a drop of 5.7% from 2014. The best results come from the oil company Klaipėdos Nafta, while profits of the […]
EU Trade Commissioner Cecilia Malmstrom is in Lithuanian today to meet with senior Lithuanian political leaders and discuss the proposed TTIP agreement between the European Union and the Unites States. Talks have stalled on the […]
Part of the credit unions operating in Lithuania are opposing a new law aimed at solidifying the market. The Ministry of Finance drafted the law in response to a series of bankruptcies three years ago […]
Forming cooperatives is the only way for Lithuania’s small farmers to survive, says Agriculture Minister Virginija Baltraitienė. Farmers throughout Europe have been hit by small prices and even medium-sized farms are struggling to stay afloat, […]
The Valerijus Simulikas-led movement, For Šiauliai, will participate in upcoming parliamentary elections on the Peasant and Greens Union list. The Union‘s leader Ramūnas Karbauskis said that his party was seeking to bring together all movements […]
The Lithuanian government is planning to have a balanced budget in 2017 and run a small surplus in 2018-2019, according to the Stability Programme presented by the Ministry of Finance on Wednesday. “This would allow […]
A new shipment of LNG is arriving in Klaipėda by ship from the Norwegian Statoil group. The Arctic Princess, an LNG tanker carrying about 140,000 m3, should arrive in Klaipėda this morning. This will be […]
Entrepreneurs from China‘s Shenzhen city visited Vilnius University on Tuesday in search for new business opportunities in Lithuania. The Chinese entrepreneurs discussed possible cooperation in science and technology with University Rector Professor Artūras Žukauskas. The […]
Trade Unions and employers have united in condemning the new Labour Code adopted by Lithuania’s parliament saying it is chaotic, with employers claiming it will lead to a fall-off in investment and job creation. Employers […]
Lithuania’s Ministry of Finance hopes for balanced public finances in 2017 and intends to run up a surplus in 2018. The Ministry of Finance announced these projections in the Lithuanian Stability 2016 annual program that […]
Lithuania has launched a campaign to draw attention to the problems of an ageing population and to the need for initiatives to prolong the working life of Lithuanian workers. “Our country’s competitiveness in the coming […]
Lithuania is among the countries that stand to gain the most from a free trade agreement between the European Union and the United States, according to the EU trade commissioner . Cecilia Malmstrom, the European […]
The more than 500 companies that belong to the Lithuanian Defence and Security Association show that Lithuania can manufacture more than agricultural products. […]
Swedbank Lithuania made €22 million in profits in January-March 2016, 3% more than during the first quarter last year. Swedbank, which is part of the Swedish Swedbank group and the second biggest bank in Lithuania, […]
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