The European Commission on Monday proposed earmarking 548 million euros in support for the European standard gauge railway project Rail Baltica, worth 665 million euros in total. […]
The results of stress testing revealed that the domestic financial system is ready to withstand a sharp deterioration in the state of the economy or financial markets. New macroprudential requirements for banks, to be applied from this year, will help enhance the stability of Lithuania’s financial system. Such conclusions are presented in the Financial Stability Review published by the Bank of Lithuania, reports the Bank of Lithuania. […]
Lithuanian consumer confidence indicator stood at minus 7 in June. Compared to May, it went down by 2 percentage points. […]
Lithuania’s increasing budget deficit is a cause for concern, President Dalia Grybauskaitė said after the European Council approved the European Commission’s country-specific recommendations to boost growth. […]
In an effort to counter pro-cyclicality in the financial system and strengthen the credit institutions’ capital base during periods of excessive credit growth, the Bank of Lithuania begins applying a new macroprudential policy instrument, counter-cyclical capital buffer. […]
Air Lituanica, an already defunct airline established by the city of Vilnius, will try to open bankruptcy proceedings in court. […]
Instability in the euro area results from fragmentation, chief economist for Lithuania at Nordea, the biggest financial group in the Nordic and Baltic countries, believes. […]
Fionn Dobbin, entrepreneur and lecturer at Stockholm School of Economics in Riga, started his social enterprise after he heard a story about one unhappy woman. […]
Forbes has included Lithuania in its list of five places to watch for tech investors. […]
The government’s decision to increase the minimum monthly wage by 25 euros to 325 euros in July and hints about its potential hike to 350 euros in January may be a retribution for the so-called social model, which includes amendments to the Labour Code, an analyst has said. […]
Lithuania’s Prime Minister Algirdas Butkevičius on weekend invited China’s Deputy Prime Minister to send experts to check the Lithuanian dairy and meat processing companies before autumn. […]
Over 60 percent of foreigners can still be surprised by the fact that Lithuanians love pink-coloured soup, the state company Lithuanian Airports had an opportunity to learn this while presenting the country with a fun video at the international aviation event. Participants were asked to vote on whether the facts about Lithuania and Lithuanians are true or just a myth. They will be able to test the correctness of their answers next year when one of the most important events of aviation world will be held in Vilnius, Vilnius Airport said. […]
Big companies operating in Lithuania and public institutions should assess terrorism, cyber terrorism and social unrest risks and decide on the kind of protection strategy to use, risk experts say. […]
Spending on research and experimental development (R&D) in the Lithuanian higher education and public sectors last year increased by 12.7 million euros, or 5.1 percent, from 2013, to 260.5 million euros, data from Statistics Lithuania shows. […]
The sandy coast of Lithuania’s Curonian Spit has been selected among Lonely Planet‘s top ten beaches in Europe. […]
The Lithuanian government has given its approval to a proposal to increase the minimum wage by 25 euros, to 325 euros, from July. […]
Valdis Dombrovskis, the European Commission‘s vice-president for the euro and social dialogue, has warned that Lithuania’s budget deficit should not increase this year, noting that the EU’s executive body forecasts that the country’s budget deficit in 2015 will be 0.7-0.8 percentage points above the target. […]
Creditors of Air Lituanica, a defunct airline established by the city of Vilnius, will decide on the company’s bankruptcy at a meeting due on June 25. […]
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