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. […]
Conservative MP Kęstutis Masiulis has asked Economy Minister Evaldas Gustas to investigate why food prices in Lithuanian grocery stores are higher than in Germany and Belarus. […]
The Lithuanian port of Klaipėda will on Monday try resuming navigation, which was disrupted by strong winds on weekend. […]
The governor of the central Bank of Lithuania says there have been no major difficulties in the process of changeover to the euro, which the country adopted on the first day of 2015, the Verslo Žinios business daily reports. […]
Preliminary data of the automotive research company AutoTyrimai shows that in December 2014, registration of new passenger vehicles (M1 and N1) increased by 0.5 percent to 1,182 vehicles in Lithuania. […]
According to the State Enterprise Lithuanian Agricultural and Food Market Regulation Agency, by 31 December ten companies have taken benefit of support measures for perishable fruit and vegetables related to the import embargo imposed by Russia. Thirty-six applications were submitted to give fruit and vegetables to charity and 10 applications not to harvest fruit and vegetables. […]
A number of Lithuanians have already turned to the State Consumer Rights Protection Authority (VVTAT) over change given in litas instead of euros in some of the major shopping centres. […]
Antanas Sipavičius, director general of the Lithuanian Customs Department, has been transferred to the western port of Klaipėda after his 5-year term ended on 31 December, the department said. […]
As of Saturday, residents of Lithuania have exchanged about 40 million litas (EUR 11.6m) in post offices of Lithuania, said Inga Dundulienė, the head of the Network Service of Lietuvos Paštas (Lithuanian Post). […]
Residents of Lithuania have started exchanging their savings in litas to euros. A total of 330 post offices will be exchanging litas to euros free of charge from 2 January. […]
Six vessels are waiting to be cleared for entering the port of Klaipėda where ship traffic was partially restricted on Friday morning due to strong winds, the port’s authority said. […]
The adoption of the euro in Lithuania was smooth and successful, regardless of interruptions on the last day of 2014, Vitas Vasiliauskas, governor of the central Bank of Lithuania, said on Thursday. […]
After starting to use the new currency, the euro, on Thursday, Lithuanians say they will have to remember maths at the beginning of the year to calculate the prices of goods. They will be able to pay in litas until mid-January, but will receive all change in the common currency of the European Union (EU). […]
Lithuania’s government hopes that the euro adopted on Thursday will guarantee economic and political security for Lithuania, while the neighboring countries see the accession as an achievement of the entire euro zone. […]
By joining the euro zone, Lithuania is becoming part of an area of stability, security and prosperity, says European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici. […]
Lithuanian startup Toyze has signed a licensing agreement with global developer and publisher Game Insight for three of its mobile game properties, The Tribez, Dragon Eternity and Mirrors of Albion, Invest Lithuania reports. […]
According to the Ministry of Finance of Lithuania, the central government’s debt in November stood at 39.7 percent of Lithuania’s total projected gross domestic product (GDP) of 2014, LTL 49.673 billion (EUR 14.39 billion). […]
On Wednesday, Lithuania is bidding farewell to its national currency, the litas, and welcoming the common European Union (EU) currency, the euro, which will be adopted on 1 January 2015. […]
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