Ahead of Lithuania’s accession to the euro zone and transition to the euro, Latvian chocolate factory Laima has produced a new end-year souvenir – 80,000 units of a chocolate bar branded Dvidešimt Litų (Twenty Litas), this way honouring the outgoing national currency of Lithuania, marketing manager at NP Foods Maija Brukle said. […]
Prime Minister Algirdas Butkevičius says the Government is closely observing worsening economic situation in Russia and its possible effects on Lithuania. He added that winter will not be favourable to Lithuanian carriers. […]
Next year Lithuania’s economy should grow 2.7 percent, a lower indicator than projected by the Finance Ministry but more than the majority of other European countries, says the Economist Intelligence Unit of the British business daily, The Economist. […]
The Ukrainian game development studio Melior Games is opening an office in Vilnius. Half of the Melior Games team will shortly be transferred from Kiev to the company’s new office in Lithuania. The studio is also looking for local Unity3D programmers and 2D artists, and plans to build a team of 15 or more developers in Vilnius within a few years. […]
Swedbank analysts say that Lithuania’s labour market continues improving, even though rapid wage growth does pose some challenges. Looking ahead, slower employment growth and strong wage growth are expected. […]
Studies by Lithuanian geologists suggest that underground waters in Western Lithuania contain sufficient amounts of bromine and potassium in order to start industrial extraction of brine and further chemical enrichment. […]
The Ministry of Education and Science has announced that the current teachers‘ strike affects 15 municipalities. Thirty education establishments are said to be on strike: 21 general education, 7 pre-school education and 2 children’s non-formal education establishments. […]
This year, Lithuania for the first time participated in the finals at the international Creative Business Cup competition, held in Copenhagen on 17-19 November. Results achieved by entrepreneurs of creative industries at the world championship surpassed all expectations. […]
There have been plenty of challenges caused by geopolitical tensions, but looking at the results of the three quarters of 2014 we may rejoice at the fact that we have not stumbled in face of setbacks, said Prime Minister Algirdas Butkevičius at the Yearly Economic Forum of the Lithuanian Confederation of Industrialists (LPK), which discussed the most important economic issues and scenarios. […]
Žygimantas Mauricas, chief economist of the bank Nordea, who spoke at the Yearly Economic Forum of the Lithuanian Confederation of Industrialists, said that Lithuania should sort out its financing priorities from the European Union structural funds. […]
Last week Lithuanian products were introduced in one of the major international food and beverage industry exhibitions SIAL Middle East 2014 in Abu Dhabi, the capital of the United Arab Emirates (UAE). A delegation headed by Minister of Agriculture Virginija Baltraitienė visited the UAE. It is hoped the step will help Lithuanian agricultural producers to find new markets. […]
The situation at the Russian border remains virtually unchanged as trucks from Lithuania continue to be subjected to thorough checks, Algimantas Kondrusevičius, president of the national haulers’ association Linava, said on Monday, adding that the flow of Lithuanian trucks to Russia has declined sharply over the past week. […]
Lithuania’s Interior Ministry is considering a requirement for basements of new houses and underground parking areas to be adapted to sheltering people from explosions. […]
Even though Russia’s sanctions have continued for longer than anticipated and Lithuanian transport sector will incur losses, nonetheless it is yet too early to talk about the impact on Lithuania’s gross domestic product (GDP) growth, says Head of Financial Markets at Danske Bank Giedrė Gečiauskienė. […]
According to the latest report from the European Travel Commission (ETC), despite geopolitical tensions in Crimea, volcanos in Iceland, and a shaky economic recovery in the eurozone, international tourism to Europe is thriving; it has grown 4 percent in the first three quarters of this year. […]
According to the International Telecommunication Union (ITU), Lithuania is ranked 40 among 166 countries in the annual Information and Communication Technology (ICT) Development Index 2014. Meanwhile, Latvia is ranked 33rd and Estonia 21st. […]
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