Economy
Economy
Economy
Rail Baltica project presented to Lithuanian MEPs
On Friday, Lithuanian Transport Minister Rimantas Sinkevičius met members of European Parliament (MEPs) Vilija Blinkevičiūtė, Zigmantas Balčytis and Valentinas Mazuronis. During the meeting, the minister presented the progress of implementation and EU funding opportunities for the project Rail Baltica. […]
Economy
Klaipėda Seaport achieves second best cargo handling result in February
Based on preliminary data, Klaipėda Seaport cargo handling turnover in February amounted to 2.95 million tonnes. This is the second best result achieved in the month of February in the history of the port. […]
Economy
Economy
Lidl to build 3 stores in Kaunas
Lithuanian construction company Mitnija and Lidl, one of Europe’s largest retail companies, have signed an agreement for the construction of three grocery stores in Kaunas. […]
Economy
Lithuanians go on holiday abroad more often than average Europeans
The Eurobarometer survey carried out in January revealed that 59 percent of the polled Lithuanians went on holiday abroad last year. […]
Economy
President of Lithuanian National Road Carriers Association steps down
President of the Lithuanian National Road Carriers Association (Linava) Algimantas Kondrusevičius is stepping down. […]
Economy
Accommodation reservation service Booking.com expanding in Lithuania
Accommodation reservation system Booking.com is increasing its presence in Lithuania. […]
Economy
Foreign investors interested in Lithuanian national airline, PM says
Foreign investors are interested in contributing to the creation of a national air carrier in Lithuania, Prime Minister Algirdas Butkevičius said on Thursday, noting that the issue of a national airline would be dealt with after the mayoral election in Vilnius. […]
Economy
Lithuanian beef to sell in Bosnia and Herzegovina
Bosnia and Herzegovina opened its market to Lithuanian beef and its products, the Lithuanian Government said. […]
Economy
Lithuanian investors say government should set up national airline
The Investors’ Forum has proposed that the Government of Lithuania invest in a national airline. […]
Economy
Lithuania’s economy grew more than estimated in 2014
“We are pleased that the revised GDP for 2014 compared to 2013 increased by 3 percent rather than by 2.9 percent as it was announced in the preliminary estimates. The higher growth was driven by the growth of the construction industry, also, the Government’s decisions regarding housing renovation under the new programme,” Lithuanian Prime Minister Algirdas Butkevičius said on Monday, referring to revised data from Statistics Lithuania. […]
Economy
Inc. mentions Vilnius as one of best European cities for fast-growing businesses
Vilnius has been ranked 4th in Europe as a city for fast-growth businesses. The list, compiled by influential US business publication Inc., rated European cities on the number of companies that made it to Inc.’s 5000 Europe list of rapidly-expanding enterprises, Invest Lithuania reports. […]
Economy
Lithuania’s defence industry plans to increase exports by 30 percent
Export volume of Lithuanian defence and security industry (excluding civilian sector) companies stood at EUR 32 million in 2014. This year, defence companies intend to increase exports by a third and sell products and services abroad worth EUR 40 million. […]
Economy
Lithuanian company introduces software turning still images into 3D models
Neurotechnology, a provider of high-precision biometric, robotics, AI and computer vision technologies, on Friday introduced the SentiSculpt Software Development Kit (SDK) for the creation of 3D object models. […]
Economy
Support for euro continues to grow in Lithuania
Some 68 percent of Lithuanians were in favour of the euro in mid-February, up by 8 percent from December, the latest poll commissioned by the central Bank of Lithuania has shown. […]
Economy
Modern lens production facility opened near Vilnius
A state of the art facility that will produce up to 4,000 lenses for eyewear every day was recently opened in Trakai, a resort town near Lithuania’s capital Vilnius. […]
Economy
Lithuanian government wants 40 percent of export production based in regions
The Lithuanian Government and business promotion organizations want to achieve the goal of producing 40 percent of the country’s export production in the regions by the end of this decade. Around two fifths of new businesses are sought to be established in Lithuania’s regions. […]
Economy
Lithuania Europe’s No. 1 in fibre-optic internet penetration
For the 6th year in a row, Lithuania retained its leading position in Europe in terms of fibre-optic (FTTH) Internet network penetration. According to the global ranking, Lithuania comes in number 8, the annual report of the FTTH Council Europe shows. […]
Economy
Lithuanian Customs to focus on Belarusian border
With the flow of illegal goods from the Russian exclave of Kaliningrad declining, the Lithuanian Customs this year plan to focus more on the border with Belarus. […]