In November 2014, compared with October 2014, industrial producer prices1 fell by 0.3 percent in the euro area and by 0.4 percent in the European Union. In October prices decreased by 0.3 percent in the euro area and by 0.5 percent in the EU, Eurostat, the statistical office of the European Union said. […]
According to the latest report by the International Telecommunications Union (ITU), Lithuania stands 40th in the world according to its development in information and communications technologies (ICT). Country’s best position (16th globally) is according to ICT skills; that measure the share of the population with higher education and the overall level of adult literacy, Invest Lithuania said. […]
In the third quarter of 2014, the annual growth rate of Lithuania’s financial assets (5 percent) exceeded that of liabilities (3 percent). In Q3 2013, the said growth rates accounted for 3 and 1 percent respectively. Net acquisition of financial assets in all sectors of Lithuania’s economy, except for households, was positive, the Bank of Lithuania reports today. […]
State company Klaipėdos Nafta during December 2014 reloaded 640 thousand tonnes of oil products into its storage tanks, greater by 68.4 percent than during December 2013, when 380 thousand tonnes were reloaded. During December 2014 more oil products from the main client of the company Orlen Lietuva as well as from refineries of the Republic of Belarus were reloaded, compared to transhipment during December 2013, also during December 2014 additional heavy oil products from refineries of Russian Federation were reloaded, Klaipėdos Nafta announced. […]
As two runways of Charles De Gaulle Airport have been closed due to anti-terrorist operation near Paris, airline Air Lituanica flights to Vilnius and Paris are falling behind schedule. […]
In the last month of 2014 the prices of consumer goods and services declined by 0.3% in annual terms and by 0.6% in monthly terms. On average consumer prices were 0.1% higher in 2014 than in 2013. […]
The amount of euro cash in circulation in Lithuania has already exceeded the amount of litas cash in the market, the governor of the central Bank of Lithuania has said. […]
Lithuania has become the eurozone’s 19th member, but only half of Lithuanians are in favour of the new currency. That will change, Finance Minister Rimantas Šadžius told DW, the Ministry of Foreign Affairs reports. […]
Over the first week of this year, the Lithuanian police opened about 30 pre-trial investigations in relation to counterfeit euros. […]
Prime Minister Algirdas Butkevičius has said he supports the plans of Agriculture Minister Virginija Baltraitienė to pass a temporary law that would regulate relations between dairy producers and processors. […]
The society’s support for the euro in Lithuania rose 7 percentage points in December from November to reach 60 percent, according to a survey released by the Bank of Lithuania on Thursday. […]
The weakening of the euro against the US dollar is beneficial to Lithuania as its products become more competitive in third countries, President Dalia Grybauskaitė said on Wednesday. […]
2014 proved to be a record year for Invest Lithuania, the nation’s foreign investment development agency, with 29 foreign companies deciding to establish or develop their businesses in Lithuania. Altogether almost 2,000 new jobs are planned over the next three years. […]
The latest Eurobarometer survey shows that Lithuania’s transition to the euro has been proceeding successfully and smoothly. No major violations were recorded in banks and retail trade networks, while cash payments in litas have reduced in the first days of January. […]
Euros already account for nearly a third of all cash money in circulation in Lithuania, says Vitas Vasiliauskas, governor of the Bank of Lithuania. […]
If the European Commission decides that Lietuvos Geležinkeliai (Lithuanian Railways, or LG) limited competition in the rail market by removing a railway track to Latvia, Lithuania might consider rebuilding the track or turning to the European Court of Justice, Transport Minister Rimantas Sinkevičius said on Tuesday. […]
Over the first four days after Lithuania’s euro adoption, approximately 160 consumers file complaints with the State Consumer Rights Protection Authority (VVTAT) about violations of the Euro Adoption Law. […]
Moving operations to low-salary Baltic countries became popular in the 1990s. Now, translocation has changed in nature: it focuses more on services than on production. The data here speaks for itself. […]
The State Food and Veterinary Service of Lithuania said that African swine fever (ASF) was detected in two wild boars in Ignalina district and Kupiškis district, both in north east of the country. One boar was hunted down, while the other one died of natural causes. […]
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