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. […]
In 2014, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be EUR 24.6 in the European Union and EUR 29.2 in the euro area. However, this average masks significant gaps between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (EUR 3.8), Romania (EUR 4.6), Lithuania (EUR 6.5 or LTL 22.3) and Latvia (EUR 6.6) and the highest in Denmark (EUR 40.3), Belgium (EUR 39.1), Sweden (EUR 37.4) and Luxembourg (EUR 35.9), Eurostat, the statistical office of the European Union reports. […]
Rimvydas Valatka is leaving the position of editor-in-chief of 15min.lt news portal in Lithuania, the portal said on Monday. […]
StormGeo, the biggest global provider of decision support solutions and services for weather-sensitive operations for the oil and gas, wind energy and shipping industries, is establishing a product development office in Vilnius, the agency Invest Lithuania reports. […]
Lithuanian Finance Minister Rimantas Šadžius says that despite the reduced economic growth forecast there no objective reasons to review the state budget. […]
On Friday, 27 March, Finance Minister of France Michel Sapin will visit the Bank of Lithuania. The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, during his meeting with Sapin will discuss progress in quantitative promotion, begun this month by the European Central Bank (ECB), as well as accenting need for structural reforms, the national bank said. […]
The Lithuanian Government managed to find additional funding to facilitate the search of new export markets and business partners. […]
The share of municipal waste landfilled in Lithuania in 2013 was one of the highest across the European Union (EU), data from Eurostat showed on Thursday. […]
Australia and New Zealand are interested in Lithuania’s high technologies, which means that the country can expect further contacts and development of business cooperation, Foreign Minister Linas Linkevičius said. […]
With discussions about the fate of loss-making airline Air Lituanica showing no signs of stopping, President Dalia Grybauskaitė has called on Vilnius authorities to dispose of non-core activities. […]
Prime Minister Algirdas Butkevičius says that the minimum monthly wage will be raised since 1 July 2015. Even though economic growth indicators of the first months of 2015 are not too encouraging, yet the prime minister says it is too early to tell how Lithuania will fare in collecting state budget revenue and thus salaries should grow. […]
Experts propose scrapping Lithuania’s current Labour Code, which contains numerous outdated legacy provisions of the Soviet law, Tomas Davulis, a lawyer in charge of a task group developing a new social model, has said. […]
In February 2015, industrial production totalled EUR 1.49 billion at current prices and, compared to January, grew by 5.2 percent at constant prices, seasonally and working day adjusted – by 6.2 percent, Statistics Lithuania announced. […]
French Finance Minister Michel Sapin is coming to Lithuania this week to discuss the financial situation in the eurozone. […]
According to new data, more than 25,000 jobs are created each year by companies newly registered in Lithuania. The data, published by Creditreform Lietuva, also shows that after two years of operations this figure increases by another 60 percent, with some companies registering a tenfold growth in employee numbers, Invest Lithuania reports. […]
After evaluating Lithuania’s economic situation and the impact of external factors on its economic growth tendencies, the Ministry of Finance has revised main macroeconomic projections for 2015-2017 and prepared projections for 2018. […]
According to preliminary data of Statistics Lithuania, in the fourth quarter of 2014, all types of transport carried 26.6 million tonnes of goods, or by 0.8 percent more than in the fourth quarter of 2013. […]
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