This week specialists from the Ministry of Agriculture, Forestry and Fisheries of Japan are visiting Lithuania to examine how food and veterinary control is implemented in the beef sector. Inspection results will determine further negotiations over export of Lithuanian beef and its products to Japan. […]
This is the last financial period that Lithuania is entitled to billions of euros in support from the European Union‘s structural funds. After 2020, the cash flow from the EU coffers will decrease significantly and Lithuania will have to learn to do without the support that currently makes a sizable contribution to its economy. Some economists say that unless the country uses the current funding right, economic growth after 2020 might all but stop. Others are more optimistic, insisting that Lithuania’s economy is stable enough to sustain growth even without EU injections. […]
Amid deteriorating relations with Russia, Lithuania is helping businesses to look for new markets abroad, Foreign Minister Linas Linkevičius says. […]
The Palanga bypass public-private partnership (PPP) project has been opened to the public. […]
Bank DNB analysts say that it is clear when evaluating Lithuania’s short-term export prospects that the first six months of 2015 will be the hardest. Producers who incurred losses due to harsh sanctions imposed by Russia are now reorienting towards new markets and reforming their business models. […]
One of the fastest growing Human Resources-focused event and learning companies, GlobalHRU, has announced the transfer of all operations to Vilnius, Lithuania. […]
Moody‘s credit rating agency has upgraded Lithuania‘s long-term borrowing rating from Baa1 (positive outlook) to A3 (stable outlook). […]
Three memoranda of understanding were signed on Friday with China Merchants Group at the Office of the Government. The memoranda were signed regarding Kaunas Free Economic Zone, Lithuanian Railways and Klaipėda State Seaport. […]
Lithuanian Finance Minister vilniusRimantas Šadžius does not support the idea of allowing local governments to issue bonds, saying that such bonds would create an additional risk to fiscal sustainability. […]
Good news from Chile has reached manufacturers of milk products this week – an official permission has been granted for them to export their production to this country, Lithuania’s State Food and Veterinary Service (VMVT) reports. […]
The first results of the Survey of Lithuania’s Non-financial Enterprises show that most entrepreneurs believe the events in Ukraine will not affect or will affect only insignificantly the financial situation and their ability to repay loans. During the study, the heads or financiers of around 500 enterprises in different business sectors were surveyed, the Bank of Lithuania reports. […]
The new 20 euro banknote and its innovative security features were presented at the Bank of Lithuania on Tuesday, 5 May. The new 20 euro banknotes, from the Europa series, will be put into circulation across the euro area on 25 November 2015 and will circulate together with the current banknotes of the first series, said the Bank of Lithuania. […]
The European Commission (EC) announced in its Spring 2015 Economic Forecast that Lithuania’s gross domestic product (GDP) is expected to grow by 2.8 percent, whereas domestic consumption should be the major factor determining economic growth. […]
Bentley Systems, a global software supplier that opened its first office in Lithuania 10 years ago, is expanding and opening a new office in Kaunas, reports Invest Lithuania, the country’s state investment promotion agency. […]
The Regional Court of Vilnius has rejected requests from Latvijas Tilti, the leading Latvia’s road and bridge construction company, and Kauno Keliai (Kaunas Roads) to cancel a tender, worth 90 million euros, to build an extension to the Lithuanian capital’s western bypass. […]
The enterprise Promola of the Hanner Group acquired the real estate located at the territory of Žalgiris Stadium in Vilnius previously owned by the subsidiary companies of Šiaulių Bankas. The total value of the transactions exceeds EUR 40 million (VAT is not included), Šiaulių Bankas said in a statement. […]
Prime Minister Algirdas Butkevičius is visiting Klaipėda on Monday. He says that Klaipėda University and companies located at the seaside must cooperate and contribute to the development of Lithuania’s maritime sector. […]
As Statistics Lithuania has announced the first estimate of GDP growth in the first quarter of this year, the country’s economists admit that a 1.5 percent growth is not strong, but, according to them, the result was expected. […]
In March 2015, Lithuania’s seasonally adjusted unemployment level stood at 9.5 percent with 139 000 seekers in the country, Eurostat, the statistical office of the European Union, said. […]
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