Economy Archives - Page 107 of 144 - the Lithuania Tribune

Lithuania’s central bank suggests tougher guidelines for housing loans

April 10, 2015 Lithuania Tribune 0

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. […]

Lithuanian businesses expect dental tourism boom from US due to weak euro

April 10, 2015 Odontika 0

The summer holiday season traditionally brings many visitors of Lithuanian decent to trace their roots. With the weak euro and strong US dollar this year many tourism experts are predicting an increase in US visitors compared to previous years. […]

Viasat to stop RTR Planeta broadcasts in Lithuania

April 9, 2015 BNS 0

TV rebroadcaster Viasat will also stop broadcasts of the Russian-language RTR Planeta channel in Lithuania on a temporary basis, the company’s representative says. […]

Lithuania might have to revise its national budget, bank analyst says

April 9, 2015 ELTA EN 0

Chief Analyst of DNB Bank, Indrė Genytė-Pikčienė, says there is a probability that the Lithuanian government will have to revise this year’s state budget revenue and expenditure targets. […]

Tesla Motors in negotiations to open electric car charging station in Lithuania

April 8, 2015 ELTA EN 0

Lithuanian company Idėjų Parkas has started negotiations with US electric car manufacturer Tesla Motors over the possibility to install electric car charging station near Kaunas, the second-largest city in Lithuania. […]

Lithuania tries to attract more tourists from Israel

April 8, 2015 Lithuania Tribune 0

After opening the Embassy of Israel in Vilnius, joining the euro zone and being chosen by the Lonely Planet as one of the world’s top tourist attractions, Lithuania is becoming more accessible and welcoming to Israeli tourists. […]

EU Ambassador Ušackas: Lithuania should compete for capital leaving Russia

April 6, 2015 BNS 0

Lithuania should compete for the capital that is now leaving Russia, while special services should prevent possible attempts to influence the country’s internal policies, the European Union’s Ambassador to Russia Vygaudas Ušackas said in an interview published on Monday. […]

Transhipment of Lithuania’s Klaipėdos Nafta grows

April 6, 2015 Lithuania Tribune 0

During March 2015, Lithuania’s Klaipėdos Nafta reloaded 354,000 tons of petroleum products into its storage tanks of oil terminal and Subačius fuel base (SFB), i.e., by 15.5 percent more compared to March 2014, when 306,000 tons were reloaded. […]

Profits up by third in Lithuania’s insurance market

April 5, 2015 ELTA EN 0

In 2014, insurance undertakings registered in Lithuania, according to unaudited data, earned EUR 24.1 million (LTL 83.2 million) of profits, a year-on-year increase of 36 percent. The highest profits were generated by the insurance activity; however, the overall result was significantly enhanced by profits from the investing activity, the Bank of Lithuania reports. […]

Lithuanians discovering tourism in their own country

April 4, 2015 ELTA EN 0

Last year, almost each Lithuanian at least once was touring in Lithuania – during 2014 a total of 2.6 million travels of Lithuanians in the country was counted, by 2.3 percent more than in 2013, the State Tourism Department (VTD) said. […]

FDI flow into Lithuania down while Lithuania’s direct investment abroad up

April 4, 2015 ELTA EN 0

In 2014, the foreign direct investment (FDI) flow into Lithuania increased, while the Lithuanian direct investment abroad decreased, Statistics Lithuania and the Bank of Lithuania report. […]

Danish Chamber of Commerce event. Photo by Dovilė Bružienė

Danish Chamber of Commerce in Lithuania undergoing changes

April 3, 2015 Lithuania Tribune 0

Danish Chamber of Commerce in Lithuania has gone through some changes. […]

Lithuania benefits from weakening euro, analyst says

April 3, 2015 ELTA EN 0

SEB bank has not revised Lithuania’s projected gross domestic product (GDP) growth rate for 2015 and 2016, leaving it at 2.6 and 3.5 percent respectively. As before, fiscal deficit is expected to account for 1.5 percent of the GDP in 2015 and 0.5 percent in 2016. […]

Vilnius street lighting upgrade project at risk of falling through

April 3, 2015 BNS 0

The project on the upgrade and maintenance of street lighting networks in Vilnius may fall through as Italy’s Gemmo, the project contractor, may run out of time to agree with banks on funding. […]

Lithuania’s road carriers to elect new association president

April 2, 2015 ELTA EN 0

After president of the Lithuanian National Road Carriers Association (Linava) Algimantas Kondrusevičius stepped down in early March, members of the association from Vilnius region were scheduled to convene on Wednesday and put forward candidates for the vacant position. […]

AlternativaPlatform, creators of Tanki Online, to open office in Vilnius

April 2, 2015 Invest Lithuania 0

AlternativaPlatform, the creators of on-line game Tanki Online, which currently serves over 5 million users monthly, have announced the opening of their office in Lithuania. The office will soon employ five people who will be responsible for Tanki Online communication, public relations and client service in the European market. There are plans to enlarge the team in the future. […]

Lithuania will have hard time meeting this year’s budget targets, economist says

April 1, 2015 BNS 0

After the International Monetary Fund has warned that Lithuania this year is facing serious challenges in public finances, an economist says that meeting this year’s budget targets will not be easy. […]

Lithuanian government asks banks to suspend loan interests for conscripts

April 1, 2015 ELTA EN 0

Prime Minister Algirdas Butkevičius urges banks to be more flexible as regards conscripts’ financial obligations and says that suspending loan interest for the duration of military service would not bring major financial consequences to commercial banks. […]

Christoph Klingen, chief of the IMF Staff Mission to Lithuania

IMF revises down GDP growth forecasts for Lithuania

April 1, 2015 BNS 0

The International Monetary Fund (IMF) has revised down its forecast for Lithuania’s economic growth this year to 2.8 percent, from 3.3 percent projected last October. […]

Household consumption is becoming increasing factor of economic growth

March 31, 2015 ELTA EN 0

With declining export and weakening economic growth, household consumption is becoming an ever increasing factor of economic growth. Having reached its peak ever since late 2007, consumer confidence provides hope that the negative influence of declining export to the Commonwealth of Independent States (CIS) may be at least partially counterbalanced by growing consumption. On the other hand, it seems that Lithuanians will tend to save more this year, says Chief Economist of Swedbank, Vaiva Šečkutė. […]