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. […]
Lithuanian farmers will be allocated LTL 11.2 billion (EUR 3.2 billion) for direct payments, but the payment structure will differ, the Ministry of Agriculture says. […]
Over the past few months the Baltic states have witnessed an influx of residence permit applications from Russian, Belarusian and Ukrainian citizens. The reason behind this is clear: the deteriorating political and economic conditions in these countries. […]
Economists from eight different research institutions of Lithuania have presented the results of the common project entitled Long-Term Competitiveness Challenges of Lithuanian Economy. Demography and emigration, they say, is the most pressing issues in planning for the future. […]
The American-Lithuanian Business Council, which was set up last year, works to promote investment between the two countries – sometimes by pointing out investment opportunities in, say, Lithuania’s striving for energy independence and sometimes by playing up the Lithuanian ancestry of many a successful US entrepreneur. […]
With just slightly more than two weeks to go before Lithuania adopts the euro, different opinion polls show different results for how people feel about the new currency. […]
The aggregate profit of Lithuania’s manufacturing industry has grown from LTL 1.9 billion (EUR 0.55 billion) in the third quarter of 2013 to LTL 2.3 billion (EUR 0.67 billion) in the third quarter of 2014. […]
In November, one in ten Lithuanians said that their household’s financial situation had improved. Five out of ten said it had not changed, while the rest maintained that their household’s finances took a turn for the worse. […]
Fifty-three percent of the Lithuanian population are in favour of the upcoming euro adoption, according to a representative survey conducted in mid-November and released by the Bank of Lithuania on Monday. […]
Lithuania Post has received a respectable award, Service of the Year, established by Lithuanian Business Confederation, for its self-service parcel terminals LP EXPRESS 24, Lithuania Post said in a press release. […]
Growing consumption and investment encourage consistent growth of Lithuania’s economy; however, a poorer outlook for the country’s major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for next year. The Bank of Lithuania projects a 3.1 percent growth in GDP next year, and this is less by 0.2 percentage points than was projected in September, the Bank of Lithuania informs. […]
Actual Individual Consumption (AIC) is a measure of material welfare of households. In 2013, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 49 percent to 136 percent of the European Union average across the Member States, according to Eurostat, the statistical office of the European Union. […]
In November, plans of the US company Revel Systems to establish its IT office in Lithuania were announced. The company was established four years ago. The company provides point of sale payment platforms for retailers using an iPad. […]
Operations of the Klaipėda seaport was interrupted by powerful winds in early hours of Saturday, with the storm causing damages to the population’s properties in western Lithuania. As the wind subsided on Saturday morning, resumption of the traffic of ships is expected at around noon. […]
The number of violations related to dual display of prices in the litas and the euro has been decreasing, which shows that Lithuania has duly prepared for the currency changeover, Justice Minister has said. […]
Construction of sports and wellness centre Vilnius Beacon, designed by Daniel Libeskind, should break ground next year at Liepkalnis skiing course, the highest point in Vilnius. […]
As expected, the upcoming introduction of the euro has brought much new business to wallet sellers. As the euro notes are bigger in size than the litas notes they are replacing on 1 January, around 10-20 percent more wallets were bought in the first week of December 2014 compared with the same period of 2013. […]
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