Banking sector in Lithuania experienced many changes since the country joined the European Union 15 years ago. A part of today’s banking services did not even exist 15 years ago. Banks have developed online services, […]
General government balance is better than expected, however, amounts accumulated in state reserves are lower than planned. The National Audit Office as an independent fiscal institution has carried out an assessment of the Stability Programme […]
The Norwegian Chamber of Commerce 5th Annual Norwegian-Lithuanian Business Forum in Vilnius under the slogan #CHANGEMAKERS, on May 8. The forum invited some big names and experts in the field of change management, technology and […]
One of the global leaders in POS payment solutions is undergoing a vast expansion in Lithuania. Since opening its office in June 2017 in Lithuania, the US Company noticed that the decision proved to be […]
On May 1, a new direct flight Vilnius – London is launching. It will operate from Vilnius (VNO) direct to London City Airport (LCY) meaning that it has never been easier to visit, Vilnius, Lithuania’s […]
During Q1 this year, the Lithuanian economy was not stopped by unfavourable global winds – GDP growth remained rapid, reaching 3.9%. However, having an open economy, Lithuanian cannot ignore what is happening abroad. In recent […]
Strong Lithuanian economy growth was impressive, it expanded 3.9% annually in this first quarter of 2019. Meanwhile, season and calendar adjusted quarterly growth stood at 1%, Swedbank announced. Lithuanian economy growth was supported by very […]
Sonect, the location-based matchmaking platform that connects people who have cash with people who need cash, has obtained its Electronic Money Institution licence from the Bank of Lithuania. This enables the company to operate in […]
MP Arvydas Anušauskas With the Seimas majority going after the Bank of Lithuania, we increasingly hear proposals to once more review the story of the Snoras bank’s bankruptcy. “This is a truly peculiar story,” the […]
The Lithuania Tribune / EN.DELFI According to the biggest remuneration survey in the Baltics, conducted by “Baltic Salary Survey”, this year the highest salary growth was recorder in Estonia. Lithuania and Latvia were not far […]
Xinhua Lithuanian banks and branches of foreign banks in Lithuania earned almost 358 million euros (406 million U.S. dollars) in net profits in aggregate last year, the most since 2007, announced the country’s central bank […]
With unlimited financial possibilities at hand, more than half of Lithuanians would choose to live in a major city – young people are mostly fond of the spirit of an old town and lively city centre, while the older ones would opt for more remote neighbourhoods and suburban areas of major cities. Every sixth resident in Lithuania would choose to live in the nature’s lap, close to a river or lake. The above preferences were revealed by a representative survey carried out by Spinter Tyrimai on the initiative of Citadele bankas. […]
Nobel laureate economist Robert Shiller has coined the term “Narrative economics” – a situation where the market is affected not only by data, but also by mood and opinion. This was the case of the “narrative economics” in the housing market last year: when, in January, as a result of pessimistic forecasts, the market has decelerated significantly for a month. Nevertheless, the id recovered after the forecasts did not come true. […]
Lithuanian economic growth exceeds the regional average, but local and international experts are in agreement that to keep it or even increase there is a need for new engines of growth. Digital economy in Lithuania offers such an opportunity. […]
After start of the reform of pension accumulation at the beginning of January, a number of employees calculating their personal financial losses and regretting their decision is approaching to 100. According to the Lithuanian Association of Investment and Pension Funds (LIPFA), that number of participants in the 2nd pillar pension funds has tried to refuse returning to Sodra. […]
A couple of decades ago, to see a woman with a captain’s or technical uniform on a ferry for many people would have been an unusual view. And today we have more and more women at sea and on the shore as staff, captains or electricians. In support of International Women’s Day, leading ferry operator DFDS is celebrating the female members of its dedicated workforce. In an industry that historically employs more males than females, these women are proving that when it comes to a successful career in the maritime industry, gender simply doesn’t come into it. […]
Early this year the Vienna International Arbitral Centre adopted a decision by which a claim by the Austrian bank Meinl Bank AG against Bankas Snoras was dismissed. It thus recognized that a pledge agreement which Meinl and Snoras made in 2011 is to be deemed null and void under Austrian law. On the basis of that specific agreement, 11 million euros was appropriated from Bankas Snoras in September 2011. […]
Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo. The update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing, with cars and motorbikes, to scooter sharing. […]
Another startup company is joining the ecosystem in Lithuania. Exai, a company that specializes in content management technology (CMT) and AI, has announced that it’s opening a software development branch in Vilnius. According to Exai’s CEO, the company is expanding internationally after applying for a grant of 3 million euros from the Lithuanian Ministry of Economy. With offices now in Israel, the U.S., Macedonia, and the Philippines, Exai is slowly growing to be a multinational growth company. […]
The doors have been opened and food lovers are already welcome at a new concept pizzeria Charlie Pizza in the departure terminal of Vilnius Airport. The new restaurant adapted both its menu and the interior to the needs of hurrying passengers, a press release from Lietuvos Oro Uostai [Lithuanian Airports] states. […]
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