On Friday, Lithuanian Minister of Transport and Communications Rimantas Sinkevičius met with President of the World Road Association (PIARC), Oscar de Buen Richkarday, who commended Lithuania for improving road safety. […]
Prosecutors say that plans by Bionovus, an Icor-controlled biofuel supplier, to merge with its Estonian-registered owner and cease operations will have no impact on their investigation into the company’s deals, but some lawyers say that this would make it more difficult to gather documents needed for the probe. […]
Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, begins his visit in Washington, DC, where he will attend the meetings of the International Monetary Fund (IMF) on 16-18 April. At these meetings, central bank governors and finance ministers will discuss measures for accelerating global economic recovery, the Bank of Lithuania reports. […]
Lithuania’s parliament passed a law on Thursday, regulating the operations of private investigators. […]
Lithuanian President Dalia Grybauskaitė is against the proposal to give priority to local processors to buy timber produced in Lithuanian forests. According to the president, this would not only infringe the competition but would also create exceptional conditions to the major processors. […]
Vilnius City Municipality Council approved the construction of a multifunctional health, education and activity centre in Vilnius. A tender for investors should be announced in May. The Central Project Management Agency is overseeing the project. […]
The Seimas Committee on Rural Affairs has addressed the Government asking to ban cultivation of genetically modified organisms (GMO) in Lithuania and thus implement the European Parliament’s and the European Council‘s directive on GMOs. […]
Hungary’s low-cost airline Wizz Air on Wednesday announced that it is going to open three new routes this autumn from Vilnius International Airport – to Munich, Glasgow and Kiev. […]
The Ministry of Transport and Communications estimates that in 2014 Lithuania’s transport sector accounted for 13.1 percent of the country’s gross domestic product (GDP). […]
On Tuesday, 14 April, the International Monetary Fund (IMF) published its World Economic Outlook in which Lithuania has been classified as an advanced economy. Previously the IMF regarded Lithuania as an emerging market. […]
Vilnius Mayor-elect Remigijus Šimašius says that Italian investors who last year signed a deal with the local government on the upgrading and maintenance of the capital’s street lighting network so far have not provided arguments to convince the authorities that their project is the best for the city. […]
Against a backdrop of weak economic growth across Europe, Lithuania stands in good stead in terms of its economy. Boasting low debt and budget deficit levels, and with strong growth forecasts, the Lithuanian economy is stable and robust, mainly thanks to extensive reforms undertaken in recent years. […]
One in ten respondents in Lithuania reported that the economic situation of their household and the country as a whole has improved over the last two months. […]
Lithuanian Finance Minister Rimantas Šadžius believes that services prices have been rising due to people’s growing incomes rather than to euro adoption. […]
A smooth adoption of the euro in Lithuania enabled the country not only to improve its international credit ratings but also to reduce borrowing costs, government-run euro.lt website reports. […]
Once again, Lithuania proved that it is a leading country in fibre-optic network penetration. In 2014, the number of internet users in Lithuania increased by almost 3 percentage points and reached 34.6 percent. This is by far the best result among the 39 European countries where the study was conducted, Lithuania’s Ministry of Transport and Communications said. […]
There were better employment opportunities in March, as a 28.4 percent increase of job offers was recorded in Lithuania. The demand for fixed-term contracts grew particularly. More job proposals were registered for operators of mobile agricultural and forestry machinery, nursing specialists, painters, construction and mechanical engineers. The demand remained high for salespeople, drivers of heavy lorries and cargo vehicles as well as advertising and marketing specialists. There were a total of 29,200 job vacancies registered at the Labour Exchange in March. […]
Activity in Lithuania’s real estate market increased by nearly 16 percent in March 2015. […]
Last year businessman and investor Igor Matsanyuk moved his team to Vilnius, Lithuania’s capital city. And at the beginning of the summer he himself moved to Lithuania’s capital. […]
The Bank of Lithuania has presented to market participants its proposals concerning changes to the Responsible Lending Regulations. They would introduce the requirement to responsibly assess customer’s risk due to likely interest rate increases, while the proposed shorter maximum maturity of a housing loan would speed up the repayment of the loan and reduce the possibility of over-indebtedness, the Bank of Lithuania said. […]
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