Economy
Economy
Economy
Klapėda ranked Lithuania’s most economically free town
The Lithuanian port city of Klaipėda has been ranked as Lithuania’s number-one municipality in terms of economic freedom. The town gets the top spot in annual rankings for the fourth consecutive year. […]
Economy
US firm Intermedix signs 100,000-euro sponsorship agreement with Kaunas University of Technology
A sponsorship agreement worth more than 100,000 euros has been signed by Kaunas University of Technology (KTU) and UAB Intermedix Lietuva, the Lithuanian branch of Intermedix, a US company that provides IT solutions for the US healthcare market. […]
Economy
Lithuania needs definition of corruption in private sector, researchers say
The European Union and national legislation obliges to establish liability for corruption in the private sector. Meanwhile, Lithuania does not have a definition of what corruption in the private sector is, says Dr Petras Ragauskas, chief research staff member of the Institute of Law. […]
Economy
Bankruptcy administrator of Bank Snoras forms his team
Specialists from law firm Tark Grunte Sutkiene (TGS) and audit company Deloitte will work in Bank Snoras bankruptcy administrator Gintaras Adomonis’ team during the takeover procedure of the administration of the bank. Meanwhile, British law firm Linklaters LLP and Swiss Nater Dallafior Rechtsanwalte AG will be assisting the administrator in international processes. […]
Economy
Lithuania to export beef to Egypt
Egypt has confirmed to the Lithuanian State Food and Veterinary Service that Lithuanian beef meets the requirements and therefore may be exported to Egypt. […]
Economy
Economy
Economy
Low inflation in Lithuania particularly favourable to euro adoption, economists say
Current average annual inflation in Lithuania is at its lowest since 2010, according to financial experts, a situation that is particularly favourable to the currency changeover. […]
Economy
Fast-growing US iPad POS company Revel Systems to develop division in Lithuania
Revel Systems, a rapidly growing developer of innovative iPad point of sale payment systems based in the US, is establishing a division in Lithuania. Having recently attracted 100 million US dollars of investment from New York based venture capital fund Welsh, Carson, Anderson & Stowe and other strategic investors, the company plans to establish a division in Lithuania to expand its team of IT engineers and to distribute products in the EU. […]
Economy
Consistent growth of average monthly earnings in Lithuania
Average monthly pre-tax earnings in the third quarter of this year grew in companies, institutions and organisations in all counties of Lithuania, Statistics Lithuania reports. […]
Economy
Economy
Economy
TIR carnet issuance continues to decline in Lithuania
According to the data of Linava (Lithuanian National Road Carriers’ Association), 28 percent fewer TIR carnets were issued to international carriers in November 2014, compared with November 2013. […]
Economy
Advertising in Lithuania grows 5.5 percent
The analysis of the advertising market conducted by market research company TNS LT revealed that in January-October 2014 the total advertising volume in Lithuania increased 5.5 percent, compared with the same period of 2013. This year the volume of outdoor advertising increased most, whereas radio, indoor and TV advertising grew slightly less. […]
Economy
Odontika and Vilnius University sign research agreement
A research agreement was signed between Odontika Clinic and Vilnius University back in October. Vilnius University will undertake research into an applied research problem as part of a first phase – staged partnership – between Lithuanian’s leading research University and Odontika. […]
Economy
Lithuanian farmers receive EUR 169m in direct payments
Since 1 December, Lithuania’s National Paying Agency paid out LTL 584 million (EUR 169 million) to farmers in direct payment and compensations. […]
Economy
Lithuanian Customs to tighten control of fuel transported from third countries
From 8 through 25 December, the Lithuanian Customs will tighten control of fuel transported in vehicle fuel tanks from third countries. Inspections will take place at the border posts, at the border with Latvia and Poland, as well as inside the country. […]
Economy
Lithuania has great opportunities to develop advanced logistics services,transport minister says
The total investment in Lithuania’s transport sector during the new EU financing period is likely to be more than EUR 5 billion, whence 47 percent will be used to modernise Lithuanian railway network and 36 percent to modernise road infrastructure (26 percent in pan-European highways, 6 percent in municipality roads and 4 percent in national and regional roads). […]
Economy
Decentralised management approach is key to attracting top Lithuanian talent for Danish Adform
Mats Persson marvels at the changes Vilnius has undergone since his first visit to Lithuania just three years ago. The Swedish head of Adform, a Denmark-based specialist in multi-screen brand advertising, comes to the firms’ Vilnius office several times per month, and is impressed by the pace at which the Lithuanian capital is developing. […]