Economy
Passenger flows at Lithuanian airports continue to grow
In January, a total of 257,000 incoming and outgoing passengers used Lithuanian airports, or by 16.5 percent more than in January 2014. […]
Economy
Economy
Economy
Business trips expected to boost Lithuania’s tourism industry
The number of holiday-makers choosing Lithuania as their destination is falling, yet, there are increasingly more and more business tourists in the country, which allows expecting a modest growth in the sector in the upcoming 6 months, a Tourism Confidence Index compiled by the Confederation of Lithuanian Industrialists shows. […]
Economy
Economy
More details about Google expansion plans in Lithuania
Talks have been around for some time now that US internet giant Google is looking into expanding in Lithuania. At the moment, however, the company is only looking for a Lithuanian-speaking finance specialist for a job in Dublin and does not reveal any details about possible plans to settle in Vilnius. […]
Economy
Lithuania sticks to its position on Rail Baltica financing model
Lithuania is sticking to its position on the Rail Baltica financing model and will ask the European Commission to provide around 160 million euros in funding directly and 30 million euros more through a joint venture based in Riga. Latvia does not object to that, with its transport minister saying that it is important to show that Lithuania is taking part in the project as a serious partner. […]
Economy
Two Hilton hotels to be opened in Vilnius
Two Hilton hotels might spring up in Lithuania’s capital city Vilnius over the coming years. […]
Economy
Lithuanian government sets up EUR 80m energy efficiency fund
The Lithuanian government on Wednesday established an energy efficiency fund with 80 million euros earmarked for renovation of public buildings and street lighting. […]
Economy
Japanese experts to check beef quality in Lithuania
Last year, Lithuania’s State Food and Veterinary Service (VMVT) closely collaborated with competent institutions of Japan actively looking for new markets for Lithuanian food exporters. […]
Economy
Lithuanian Railways to roll out e-tickets and Wi-Fi on trains
Lithuania’s state-owned railway operator Lietuvos Geležinkeliai (Lithuanian Railways) will start selling e-tickets late in February. […]
Economy
Economy
Danske Bank reduces Lithuania’s GDP growth estimate to 2.5 percent
According to the calculations carried out by Danske Bank, falling import in Russia will cost Lithuanian economy EUR 0.5 billion in nominal value in 2015, i.e. more than projected earlier. Therefore, Danske Bank has reduced Lithuania’s GDP growth estimate from 2.7 to 2.5 percent. In 2016 GDP growth should return to 3.1 percent, the latter estimate has not been changed. […]
Economy
Deficit of Lithuania’s current account balance widens
The surpluses on the balances of services and secondary income did not offset Lithuania‘s negative trade and primary income balances and this led to a build up (EUR -16.5 million or LTL -56.9 million) of a deficit in the current account balance (CAB) in December 2014, the Bank of Lithuania reports. […]
Economy
EP to address problems of Lithuanian carriers
Taking into consideration requests by Lithuanian MEP Valentinas Mazuronis and the Committee on Employment and Social Affairs, the Conference of Presidents of the European Parliament has put the questions regarding Germany‘s minimum wage in transport companies and the influence of Russia‘s restrictions upon international carriers on the agenda of their plenary sitting. […]
Economy
In 2014, unemployment in Lithuania stood at 10.7%
Statistics Lithuania reports that, according to the Labour Force Survey data, in 2014 the unemployment rate stood at 10.7 percent; against 2013, it decreased by 1.1 percentage points. […]
Economy
Most distant Lithuania’s business mission in 2015 – to Australia
With the purpose of expanding and diversifying export markets Lithuania’s industrialist are planning seven business mission for 2015, among them – Foreign Minister Linas Linkevičius‘ led visit to Australia. […]
Economy
Lithuanian airports start 2015 with record-high passenger growth rate
The number of passengers at Lithuanian airports increased by 16.5 percent during the first month of this year, compared to the same calendar period last year, the state enterprise Lithuanian Airports reports. […]
Economy
EC confirms Lithuania’s Rural Development Programme
On Friday, the European Commission officially confirmed the Lithuanian Rural Development Programme. […]
Economy
Consumer prices fell by 1.5 percent in January
In January the prices of consumer goods and services declined by 1.5% in annual terms and by 1.3% in monthly terms. This was the biggest annual deflation since 2003. Average annual inflation was at 0%. […]
Economy
Farmers address President Grybauskaitė over situation in dairy sector
Organisations representing Lithuanian farmers have addressed President Dalia Grybauskaitė in a letter asking to take “urgent and decisive” actions to “save” Lithuania’s dairy sector. […]