Economy
Iclelandic airline to offer budget flights from Vilnius to USA
Vilnius will connect to USA through Reykjavik for the first time in June when Wow Air launches its new Vilnius route on 13 June 2015. […]
Economy
Economy
Forecasts for Lithuanian economy: We will experience turbulence rather than a free fall
Lithuania’s real economy is experiencing a state similar to that of an airplane passenger who was warned by the pilot about upcoming turbulence – the feeling is definitely not the best, yet there is no need for an oxygen mask, says financial analyst Gitanas Nausėda, advisor to the SEB bank president. […]
Economy
Finnish fiber-based materials maker Ahlstrom opens service centre in Vilnius
Ahlstrom, a high performance fiber-based materials company, inaugurated its Service Centre in Vilnius, Lithuania. […]
Economy
Lithuanian Gas CEO removed from office
Lietuvos Dujos (Lithuanian Gas), the country’s main natural gas company, removed Mantas Mikalajūnas from office of the general manager as of 3 November. […]
Economy
Lithuanian transport minister: Rail Baltica should be a priority in allocating funds
On 28 October, representatives from the Baltic States signed a landmark agreement which will launch the project Rail Baltica and bring the Baltic region closer to Western Europe. […]
Economy
Economy
Second shipment of euro banknotes delivered to Lithuania
The second shipment of euro banknotes was delivered to Lithuania on Wednesday. […]
Economy
Systematic changes needed in public investment in Lithuania, national audit reveals
Financial (regularity) audits for the year 2013 carried out by the National Audit Office assessed whether decisions in particular public investment areas are always implemented at the lowest cost and meet the needs of the society, the audit office reports. […]
Economy
Air Lituanica to offer Vilnius-Stockholm flights 10 times a week
“Air Lituanica is already known name to Swedish aviators. A flight to the capital is always “a diamond in the crown”, after all, Stockholm and the surrounding region have the largest concentration of people, business, cultural and historical objects,” Eitvydas Bajarūnas, Lithuania’s ambassador to Sweden, welcomed the new route, Air Lituanica reports. […]
Economy
Lithuania ranks 24th on Doing Business 2015
On the list of Doing Business 2015, a World Bank Group flagship report which was released this Wednesday, Lithuania remains as one of the most favourably assessed countries in the world in terms of starting a business. […]
Economy
Turkish Airlines starts non-stop Vilnius-Istanbul service
Due to strong demand on its Vilnius route, Turkish Airlines increases its capacity by offering a direct service between Vilnius and Istanbul. […]
Economy
Lithuanian government plans broadband for everyone
Lithuanian Ministry of Transport and Communications has prepared the New Generation Access Network Plan for 2014-2020, which will provide the basic new generation broadband infrastructure in areas where no adequate broadband infrastructure was available before, the ministry said in a report. […]
Economy
ECB stress test finds Lithuania’s banks secure and reliable
The three largest banks operating in Lithuania – SEB bank, Swedbank and DNB bank – have very solid capital buffers and assess risks conservatively enough. This became clear after the European Central Bank (ECB), in cooperation with the Bank of Lithuania, inspected the asset quality of the three commercial banks and performed stress testing, the country’s central bank said in a report on 26 October. […]
Economy
Lithuanians worried about growing prices after euro introduction
Residents of Lithuania are more worried about growing prices after the euro adoption than Latvians and Estonians were. […]
Economy
Economy
Lithuania to mint golden copies of 16-century coins
The Lithuanian Mint will launch a series of copies of golden coins from the times of the Grand Duchy of Lithuania in November. […]
Economy
ECB sets minimum reserves for Lithuanian banks
The European Central Bank (ECB) has set minimum reserve requirements for banks in Lithuania, the Bank said on Friday. […]
Economy
Lithuania to charge fees for access to seaside
Access to nearly all Lithuania’s seaside beaches will become subject to a fee next spring. Visitors will have to pay fares between 0.5 and 1 euro to get to the seaside, the Lietuvos Žinios daily reports on Friday. […]
Economy
Invalda LT-led consortium to negotiate acquisition of Finasta Banking Group
The Creditor’s Committee set the minimum selling price and the sale method of the Finasta Banking Group, and authorized the Snoras Bank bankruptcy administrator to complete negotiations with the investor which had submitted the best offer, namely the consortium led by investment company Invalda LT. Nevertheless, the acquisition is still to be approved by the Competition Council. […]
Economy
US company Intermedix officially opens service centre in Kaunas
Lithuanian Prime Minister Algirdas Butkevičius attended the opening ceremony of the international Intermedix service centre in Kaunas and congratulated the US company for choosing Lithuania for its expansion in Europe. […]