Economy Archives - Page 108 of 144 - the Lithuania Tribune

In 2014, hourly labour cost in Lithuania stands at EUR 6.5

March 31, 2015 ELTA EN 0

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. […]

Valatka leaving post of editor-in-chief of 15min.lt news portal

March 30, 2015 BNS EN 0

Rimvydas Valatka is leaving the position of editor-in-chief of 15min.lt news portal in Lithuania, the portal said on Monday. […]

World’s largest climate data provider to set up R&D unit in Lithuania

March 29, 2015 ELTA EN 0

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. […]

No need to review budget – Šadžius

March 27, 2015 ELTA EN 0

Lithuanian Finance Minister Rimantas Šadžius says that despite the reduced economic growth forecast there no objective reasons to review the state budget. […]

Chairman of national bank meets French Minister of Finance

March 27, 2015 Lithuania Tribune 0

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. […]

Government allocates 150,000 EUR for search of new markets

March 26, 2015 ELTA EN 0

The Lithuanian Government managed to find additional funding to facilitate the search of new export markets and business partners. […]

Lithuania remains among EU countries with highest waste landfilling rates

March 26, 2015 BNS EN 0

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. […]

Trucks at the Lithuanian-Belorussian border

Russia calls off tightened border checks of Lithuanian trucks

March 26, 2015 BNS EN 0

Russia has called off tightened border checks of Lithuanian trucks, which were introduced about four months ago, president of the Lithuanian Association of Small and Medium-Sized Haulers, has said. […]

Australia, New Zealand interested in Lithuania’s high technologies

March 25, 2015 BNS EN 0

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. […]

"Air Lituanica" plane getting ready to take off

President calls on Vilnius authorities to dispose of Air Lituanica

March 24, 2015 BNS EN 0

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. […]

Lithuanian PM promises to raise minimum wage in July

March 24, 2015 ELTA EN 0

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

March 24, 2015 BNS EN 0

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. […]

Industrial production in Lithuania up by 5.2% in Feb

March 24, 2015 ELTA EN 0

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 coming to Lithuania

March 23, 2015 BNS EN 0

French Finance Minister Michel Sapin is coming to Lithuania this week to discuss the financial situation in the eurozone. […]

Lithuanian Social Insurance Fund’s financial flows grow by 40 times in 25 years

March 23, 2015 ELTA EN 0

Social security contributions amounting to EUR 41.4 billion have been paid to the State Social Insurance Fund (Sodra) since its establishment, whereas Sodra has paid out EUR 44.9 billion in benefits. […]

New companies in Lithuania create 25,000 jobs annually

March 21, 2015 Lithuania Tribune 0

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. […]