Economy
Economy
Economy
Lithuanians take care of their arrears before euro adoption
In November, the portfolio of arrears of individuals decreased by LTL 11 million (EUR 3.2 million) in Lithuania. […]
Economy
Lithuanian producers say they are disadvantaged by UK’s traffic light nutrition labelling
Lithuanian producers are concerned about the United Kingdom‘s nutrition labelling system which uses the colours of traffic lights. Most traditional Lithuanian goods, cheese, ham, honey and jam, will be marked in red despite being made of natural ingredients. […]
Economy
Lithuanians outpace neighbours in Microsoft game development programme
Lithuanian game developers who participated in AppCampus, Microsoft and Aalto University’s global mobile applications business accelerator programme, have been more successful than their counterparts from the other Baltic States. Ten Lithuanian projects have received funding for further activity since the start of AppCampus in 2012. […]
Economy
Viasat agrees to halt rebroadcasting of Russian TV channels in Lithuania
TV rebroadcaster Viasat plans to halt the broadcasting of Russian TV channels if the Radio and Television Commission of Lithuania decides to ban rebroadcasting of such channels, the company’s CEO for the Baltic countries and Finland said on Monday. […]
Economy
Invest Lithuania awarded for professionalism and success
The 16th annual awarding of St. Christopher’s statues took place at Vilnius Town Hall on 18 December. The statutes, which are the highest honour awarded by Vilnius Municipality, were presented to the city’s most deserving people and businesses. At the ceremony, the foreign investment development agency Invest Lithuania was awarded for its professionalism and for attracting foreign investment to Vilnius, the agency said. […]
Economy
Economy
Over half of Lithuanians use internet daily
Internet usage has become very widespread amongst the EU population, and not only are more and more people using the internet, but they also use it more and more often, with almost two-thirds (65 percent) of individuals aged 16 to 74 in the European Union using the internet daily in 2014, compared with less than a third (31 percent) in 2006. During the same period, the percentage of individuals in the EU that have never used the internet dropped from 43 percent in 2006 to 18 percent in 2014, Eurostat, the statistical office of the EU announced. […]
Economy
Price for transportation via pipelines grows most in Lithuania
Statistics Lithuania announced that in the third quarter of 2014, compared with the second quarter of 2014, the price of transportation via pipelines services increased the most, by 22.2 percent, followed by sea and coastal transport services, by 3.1 percent, security and investigation activities, by 2.1 percent. […]
Economy
Libeskind unveils designs for new leisure centre in Vilnius
The City of Vilnius, together with private investors and the world renowned architect Daniel Libeskind have revealed the design for Vilnius Beacon at the Liepkalnis Ski Hill. The project is a collaboration between the City of Vilnius and Daniel Libeskind to create a new tourist destination and aid in the transformation of the city as a centre of the Baltic region, the Vilnius City Council said. […]
Economy
Murmansk court orders additional evaluation of detained Lithuanian ship’s catch
A court in the Russian city of Murmansk has ordered additional evaluation of the catch of the detained Lithuanian fishing vessel, the Jūros Vilkas (Sea Wolf), and is due to announce its decision in an administrative case on a violation of the country’s fishing rules next week. […]
Economy
Lithuanian meat producers lose EUR 2.9m per month due to beef overstock
Due to Russia’s food embargo and the beef overstock which resulted because of these restrictions, farmers who grow beef steers and cows lose around LTL 10 million (EUR 2.9 million) of income every month. […]
Economy
Lithuania’s State Tourism Department gets new chief
Jurgita Kazlauskienė has been selected to head the State Tourism Department (VTD). Up until now, she worked as the deputy president of the European Spas Association, also led the Lithuanian Spas Association. […]
Economy
US software company Exadel plans major expansion in Lithuania
Having opened an office in Vilnius this summer, American software engineering company Exadel has announced further plans for expansion, including the opening of new offices in Kaunas and Klaipėda. Exadel intends to create 35 new jobs for IT specialists and programmers in the two new offices. […]
Economy
12,000 cash handlers undergo training before euro adoption in Lithuania
The Bank of Lithuania has organised seminars for 1,200 cash handlers from postal, financial services and trade enterprises related to the upcoming euro adoption. The participants went on to transfer their knowledge about the single currency of the European Union to their colleagues all across Lithuania. […]
Economy
Lithuania offers best public WiFi in the world
Lithuania has been ranked as number-one country with best public WiFi, according to tourismupdates.com. […]
Economy
Lithuania to start exporting meat to US within six months, PM says
Lithuania’s authorities have completed talks on meat exports with the United States’ officials, Prime Minister Algirdas Butkevičius has said, adding that he expects that Lithuanian meat companies will be able to start supplying their products to the US market as early as in the first half of 2015. […]
Economy
KTU to offer students access to Bloomberg Professional Service in new financial markets lab
Kaunas University of Technology (KTU) has signed an agreement with leading global financial information company Bloomberg to install a financial markets lab, the first of its kind in Lithuania and the Baltic region. The contract will allow KTU students to access the Bloomberg Professional service, which has more than 320,000 leading business and financial subscribers worldwide. […]
Economy
Economy
World’s largest provider of airfare data expands operations in Lithuania
Infare, the flight data collection, delivery and analysis company, is expanding its operations in Lithuania. The Danish company, which opened offices in Vilnius in 2011, already has half of its total workforce based there and plans to increase this number to 30. […]