Economy
Economy
Economy
Economy
Bank of Lithuania chief: New measures to enhance financial system stability
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. […]
Economy
Every fifth Lithuanian expects improvement in household finances
Lithuanian consumer confidence indicator stood at minus 7 in June. Compared to May, it went down by 2 percentage points. […]
Economy
Lithuanian president warns about widening budget deficit
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. […]
Economy
Bank of Lithuania introduces new macro-prudential policy instrument
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. […]
Economy
Air Lituanica to file for bankruptcy in court
Air Lituanica, an already defunct airline established by the city of Vilnius, will try to open bankruptcy proceedings in court. […]
Economy
Economic instability in Europe triggered by fragmentation, Lithuanian analyst says
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. […]
Economy
Social entrepreneur: ‘Leave in better condition than you found it’ should be motto for all business
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. […]
Economy
Lithuania among Forbes’ top-five European entrepreneurial hotspots
Forbes has included Lithuania in its list of five places to watch for tech investors. […]
Economy
Lithuanian expert sees minimum wage increase as retribution for labour code reform
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. […]
Economy
PM Butkevičius invites China to send food experts to Lithuania
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. […]
Economy
Lithuanian Airports authority surveys foreign aviation experts on myths about Lithuania
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. […]
Economy
Risk experts: Global threats are closer to Lithuania than they seem
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. […]
Economy
Lithuania’s R&D spending grows 5 percent in 2014
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. […]
Economy
Curonian Spit among Lonely Planet’s top 10 beaches in Europe
The sandy coast of Lithuania’s Curonian Spit has been selected among Lonely Planet‘s top ten beaches in Europe. […]
Economy
Lithuanian government okays minimum wage increase to EUR 325
The Lithuanian government has given its approval to a proposal to increase the minimum wage by 25 euros, to 325 euros, from July. […]
Economy
EC vice president Dombrovskis says Lithuania should cut budget deficit
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. […]
Economy
Creditors to decide on Air Lituanica’s bankruptcy in late June
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. […]
Economy