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. […]
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. […]
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 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. […]
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. […]
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. […]
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. […]
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 in Lithuania has gone through some changes. […]
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. […]
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. […]
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. […]
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. […]
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. […]
Fitch Ratings has affirmed Lithuania’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘A-‘. The outlooks are stable. The issue ratings on Lithuania’s senior unsecured foreign and local currency bonds have also been affirmed at ‘A-‘. The Country Ceiling has been affirmed at ‘AAA’ and the Short-term foreign currency IDR at ‘F1’, Reuters quotes the rating agency’s statement. […]
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