According the European Commission, long-term investments clearly represent the important instrument while seeking the sustainable, advanced and integrated ensurance of European Union economic growth as well as the development of risk-resistant tomorrow’s economy. […]
The tech sector thrives in this Baltic state, and education in the STEM field is at the core of its growth. […]
The Norwegian company Devold, which is engaged in making knitwear, is building a new plant in Panevėžys Free Economic Zone, Lithuania. […]
Baltic Amadeus has been named the winner in the 2015 German Business Awards organized by the German-Baltic Chamber of Commerce in Estonia, Latvia, Lithuania (AHK Baltic states). The Vilnius-based IT company is the tenth recipient of the annual award that was presented on 2 June. […]
On 29 October, Scandinavian airlines SAS launches a new Oslo – Vilnius route. SAS passengers will be offered four weekly flights on this route, Vilnius Airport said. […]
On 28 May, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lithuania. It considered and endorsed the staff appraisal without a meeting, the organisation reports. […]
The importance of exports in services for Lithuanian trade has been growing in recent years, and with the growth of the need for analytical information on this sector, the Bank of Lithuania updated the published country’s balance of payments statistical data and from now on it will publish information in accordance with the countries that are Lithuania’s key partners in the service trade, the central bank said in a statement. […]
The expectations of commercial banks about real estate prices have changed essentially over a year – there have remained almost no banks projecting housing price increases, while last spring such banks represented more than a half, said the Bank of Lithuania. […]
Although more than half of Lithuanians believe their knowledge of personal finance planning is “good” and a third think that it is at least “average”, as many as 45 percent of those surveyed would have difficulties to pay for unexpected expenses of up to EUR 300. […]
Statistics Lithuania has carried out a business tendency survey. The survey of directors of companies has revealed that a less optimistic industrial production forecast in May negatively affected industrial business tendencies. […]
EUROC Lithuania celebrates the fifth birthday of the establishment. Within the past 4 years, EUROC expanded more than 5 times from the initial plan of 250 employees in 2010 to more than 1,300 employees today (2015 April). During this time, Western Union‘s (WU) centre in Lithuania has experienced the strongest growth in global WU scale. Now EUROC has become the largest WU site in the world, said Invest Lithuania, the government’s foreign investment promotion agency. […]
Air Lituanica, an airline established by the city of Vilnius, plans to file for bankruptcy, it announced a week after grounding all flights. […]
Widerfi, a startup established in Lithuania and formerly known as Cheap Data Communications, has joined MassChallenge – the World’s largest accelerator, and will compete for 500 thousand pounds and 1 million dollar prizes at the end of the year. Widerfi offers a new mobile internet model for travellers and is the first Lithuanian startup to participate in the accelerator which will be held simultaneously in Boston and London. […]
Finnish investments generated more jobs in Lithuania than any other foreign investment in 2014. Finland made nearly 30 million euros worth of new direct investments last year, retaining its position from 2013 as the country’s eighth largest foreign investor. The most significant foreign investors in Lithuania were Cyprus, Latvia and Sweden. […]
On 26 May Air Lituanica, the airline owned by the city of Vilnius that went under last week, reached an agreement with AirBaltic to take over obligations to passengers who booked flights until 5 June. […]
Lithuania does not necessarily need a flagship airline, President Dalia Grybauskaitė has said in comments about the recent collapse of Air Lituanica, an airline founded by the city of Vilnius. […]
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