Economy
German companies top foreign investors in Lithuanian manufacturing
Newly released data shows that German firms are the largest foreign direct investors in Lithuania’s manufacturing industry. […]
Economy
Economy
Lithuania commended for improving road safety
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. […]
Economy
Lithuanian politicians find reorganization of Estonian-owned biofuel company suspicious
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. […]
Economy
Further measures for sustainable growth are necessary, Lithuania’s central bank chief says
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. […]
Economy
Lithuanian parliament passes law on private investigators
Lithuania’s parliament passed a law on Thursday, regulating the operations of private investigators. […]
Economy
President Grybauskaitė strictly against plans to limit Lithuanian timber sale
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. […]
Economy
Multifunctional complex in Vilnius given go-ahead
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. […]
Economy
Parliament proposes to declare Lithuania GMO-free zone
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. […]
Economy
Wizz Air to offer three new routes from Vilnius this autumn
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. […]
Economy
Lithuania’s transport sector copes with Russia’s sanctions
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). […]
Economy
IMF classifies Lithuania as advanced economy
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. […]
Economy
Vilnius mayor-elect says to review street lighting upgrading project
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. […]
Economy
German Creditreform: Lithuania reaps the rewards of major economic reforms
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. […]
Economy
1 in 10 Lithuanians feel positive financial changes, survey shows
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. […]
Economy
Growth in services prices in Lithuania due to rising incomes, finance minister says
Lithuanian Finance Minister Rimantas Šadžius believes that services prices have been rising due to people’s growing incomes rather than to euro adoption. […]
Economy
Smooth euro adoption allows Lithuanian government borrow cheaper
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. […]
Economy
Lithuania leads Europe in fibre-optic internet penetration
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. […]
Economy
29,200 job vacancies available in Lithuania in March
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. […]
Economy
Lithuania’s real estate market grows more active in March
Activity in Lithuania’s real estate market increased by nearly 16 percent in March 2015. […]
Economy
From sailing the Barents Sea to international investor: Game Insight chairman Igor Matsanyuk
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. […]