Economy
Economy
Economy
Lithuanian finance minister on effects of Russian slowdown: The worst is behind us
Lithuania has already reached the bottom of the impact of Russia‘s economic downturn and has effectively withstood the biggest hit, says Lithuanian Finance Minister Rimantas Šadžius. […]
Economy
Lithuanian finance minister says no reason to panic over euro
Lithuanian minister of finance sees no reasons to panic over a possible decline in trade or stalling of economic development after the country’s adoption of the euro. […]
Economy
Lithuania is negotiating with Japan over export of beef
It should become clear in the nearest future if beef from Lithuania may be exported to Japan. Japanese experts are scheduled to visit Lithuania in early May to ascertain that Lithuanian livestock is healthy and meat is of high quality. The State Food and Veterinary Service (VMVT) started cooperating with Japanese institutions last year, looking for new markets for the country’s food product exporters. […]
Economy
Lithuania’s central bank begins discussions on more efficient cash management in country
The Bank of Lithuania, seeking to make the cash management system more efficient, prepared proposals on how to optimise cash management. They are presented in the public discussion document Reform of the Cash Supply System, the Bank of Lithuania announced. […]
Economy
Norway’s insurer Gjensidige to buy PZU Lithuania
Norwegian insurance company Gjensidige Forsikring ASA agreed to acquire 99.88 percent of the shares in PZU Lietuva from PZU SA for EUR 54 million. The Group’s market share in the Baltics will increase from 7 percent to 13 percent. The market share in Lithuania will increase from 7 percent to 21 percent, Gjensidige said in a press release. […]
Economy
Lithuania’s 2014 grain harvest hits all-time record
In 2014, Lithuania harvested a record amount of grain, over 5 million tonnes. […]
Economy
Tax incentive expected to attract EUR 15m worth of film production to Lithuania this year
The tax incentive for film production that came into force last year is already showing results, but the breakthrough is to be expected this year, said the Lithuanian Film Centre (LFC), the institution in charge of the administration of the incentive. The tax instrument may attract €15m worth of film production to Lithuania in 2015. […]
Economy
Economy
Lithuanian veterinary service chief: EU to negotiate resumption of pork exports to Russia
Although Moscow claims that the Baltic countries and Poland will not be able to export pork to Russia for at least three more years, the head of the Lithuanian State Food and Veterinary Service believes that the European Commission (EC) will negotiate this issue with Russia. […]
Economy
0.3 percent annual deflation recorded in Lithuania
In 2014, annual deflation was running at 0.3 percent in Lithuania. […]
Economy
Consumers still pessimistic about Lithuania’s economy, survey shows
Consumer confidence indicator improved by 7 percentage points in January 2015 against December 2014, however people still pessimistically assess the country’s economy and their households’ financial situation. […]
Economy
Lithuanian youths most enterprising
A total of 463 entrepreneurs were financed by the Entrepreneurship Promotion Fund (VSF) in 2014, or by 55 percent more than in 2013. Young people aged up to 29 years old were the most enterprising. […]
Economy
Lithuania’s unemployment at 9.4 percent in December
Lithuania’s seasonally adjusted unemployment level stood at 9.4 percent in December 2014, Eurostat, the statistical office of the European Union, said. […]
Economy
Economy
What made Lithuania the new darling of international tourism?
Lithuania has recently received much attention in the international press: it has been named among top places to visit by publications like Forbes, Business Insider and the Huffington Post. […]
Economy
Two-thirds of Lithuanians positive about euro, according to Eurobarometer
Nearly two-thirds of the Lithuanians are positive about the euro, which the country adopted as its currency this year, the recent Eurobarometer survey has shown. […]
Economy
Lithuania’s GDP up 2.9 percent in 2014
In 2014, Lithuania’s gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36,270.8 million (LTL 125,236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9 percent, Statistics Lithuania announced. […]
Economy
No genetically modified crops found in Lithuania in 2014
The State Plant Service under the Ministry of Agriculture, which is responsible for monitoring crops and crop products, carried out 102,096 inspections in 2014 and found 1,184 violations. Nevertheless, genetically modified crops or crop products were not found to be grown or brought to Lithuania. […]
Economy
Lithuania mints first collector euro coin
On 29 January, the Bank of Lithuania issued into circulation a 50-euro collector coin, dedicated to coinage in the Grand Duchy of Lithuania. This is the first collector Lithuanian euro coin, the Bank of Lithuania said. […]