Over the past decade, the Lithuanian real estate buyer has evolved. We have become bolder and more global, with thousands of Lithuanians adding apartments on the coasts of Spain, in Cyprus or in Dubai skyscrapers […]
In April this year, US President Donald Trump declared a global trade war. However, like any war, this one also has consequences. The global economic climate is also being disrupted by artificial intelligence (AI). Although […]
Donald Trump’s threats to impose tariffs of up to 30 per cent on European goods are a serious step towards a possible trade war between the United States (US) and the European Union (EU), Kamilė […]
In a historic shift, Vilnius has emerged not only as the wealthiest city in the Baltic region but also as the first Baltic capital to surpass the European Union average in GDP per capita. This […]
Lithuanian economists are surprised to see our country’s economic growth: the Estonian economy has been in recession for two years, Latvia’s has been stagnating, and Lithuania’s has been booming. Consumer confidence in Lithuania stands out […]
In the last quarter of the year, the number of new housing units (apartments and terraced houses) sold in Vilnius in the economy class was 50% higher than in April–June, according to preliminary data from […]
Prices in Lithuania decreased by 0.5% over the month, but annual inflation is again approaching the 1% mark. The most significant price increases over the year were in cafes and restaurants – nearly 9%. Some […]
According to TV3.lt, Swedbank economists raise their GDP growth forecast for Lithuania and believe the Lithuanian economy will grow the fastest among the Baltic States this year and next. Inflation will likely rise next year, […]
From Q1 2022 onwards, Estonia has been in a prolonged recession. Yes, we also had a recession last year, but—rare in our history with Estonia—we have overcome it and are moving on. We are moving, […]
A preliminary contract is usually signed when buying a new dwelling directly from the developer or project manager. This contract contains more uncertainties than the main contract and is drawn up at a notary’s office. […]
The number of foreigners working in Lithuania is increasing. Videos have even been produced inviting Africans to work in Lithuania. Job search websites are full of job offers for foreigners that would put many Lithuanians […]
Lithuanians are the least likely to feel inflationary pressures and interest rate increases and the most confident that salaries will rise in the coming years, according to a survey initiated by Citadele Bank in the […]
Based on the preliminary data of analysts of Citus, a creative real estate projects’ development and placemaking company, 222 transactions were carried out in the primary housing market of Vilnius in June and 668 in […]
At the beginning of June, the European Central Bank announced a 25-basis point (0.25%) reduction in the Euribor base rate. Analysts at the creative real estate projects’ development and placemaking company Citus calculate that housing […]
In the first days of June in Vilnius, Sidaronių Street, beside one of the largest Buivydiškės ponds, creative real estate projects’ development and placemaking company Citus is starting project Ežero Takais by CITUS. The sales […]
Lately, even the housing market reviews have started from the perspective of the threat of war, as if that threat had just emerged and had become imminent. The consensus among experts in strategic communication, psychological […]
According to programme Lietuvos Ženklai (Signs of the Times) at lrytas.lt the Lithuanian economy is now stagnant and has faced many challenges over the past year, but it is neither growing nor shrinking – a […]
Lithuanian small and medium-sized enterprises (SME) are more optimistic about the future than Estonians, and a slightly smaller share of Lithuanian entrepreneurs than Latvians predict that the turnover of their companies will decrease next year, […]
Taking into account the intentions of the US and the European Central Bank to keep interest rates at higher levels for longer, the worsening outlook for the global economy, and the potential risks to EU […]
On the Lithuanian Banks’ Association (LBA) initiative, a group of scientists has prepared a geographic study on soil erosion risk assessment in Lithuania. In it, experts analysed the country’s current soil erosion risk situation and […]
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