Despite criticism of the Finance Ministry’s optimistic Lithuanian GDP growth forecasts for next year, Finance Minister Rimantas Šadžius says that the country’s economic growth will be faster than in the euro zone but “not explosive” and warns that difficulties caused by the crisis in the EU-Russia relations will be long-lasting. […]
Responding to comments made by Vilnius Deputy Mayor Romas Adomavičius, who said that the Lithuanian capital city was on the brink of bankruptcy, Finance Minister Rimantas Šadžius insists that the city needs more financial discipline and transparency in its activities. […]
The Lithuanian capital is on the verge of bankruptcy, vice-mayor of Vilnius has said. […]
Lawyers representing owners of the Lithuanian fishing vessel arrested in Russia have filed an appeal with a court of higher instance against a bail of 7.8 million litas (EUR 2.3m) set by a court. […]
The Lithuanian delegation, led by Seimas Speaker Loreta Graužinienė, visited South Korea where it met with heads of Samsung Electronics and the Korea Chamber of Commerce and Industry and discussed potential cooperation in trade, industry and business. […]
More than a quarter of Lithuanians expect the euro to bring direct benefits to them, such as creating more jobs in the country, increasing wages, bringing down costs of borrowing and currency exchange. […]
According to opinion polls, the Lithuanian public is growing increasingly pessimistic about the country’s economic outlook. This, says economist Žygimantas Mauricas, has a lot to do with the economic stand-off between the European Union and Russia as well as fears about the euro adoption. […]
On Monday, a feasibility study on Vilnius connection’s effect to Rail Baltica project was presented to the Lithuanian Ministry of Transport and Communications. The study, conducted by international engineering solutions company Aecom, took into account the projected passenger and cargo revenues along with added value figures and concluded that Vilnius connection will have a positive impact for the Baltic countries, the ministry said. […]
Based on preliminary assessment by the Ministry of Finance, revenue collections over the first nine months of 2014 surpassed expectations by 0.8 percent. […]
A link between Vilnius and Kaunas, the most discussed about section of the European standard-gauge railway project Rail Baltica, is economically beneficial and will cost around 850 million euros, a study carried out by Aecom has shown. […]
A total of 25 percent of smart phone owners say that they are using mobile banking, however, people are not eager to pay via their mobile phones. […]
For the third year in a row, the winners of Best Employers in Lithuania were announced. In 2014, the Best Employers awards went to the digital advertising software company Adform, Cramo, a service company specialising in equipment rental services, and the insurance company Lietuvos Draudimas. […]
In September, 54 percent of Lithuanians were convinced that housing prices will grow even more in the future. Nevertheless, the house price sentiment index has been falling for a second quarter in a row. […]
Vilnius, the capital city of Lithuania, is going to host the international conference Space Economy in the Multipolar World (SEMWO) on 21-23 October, Vilnius University‘s press service reports. […]
Based on preliminary data on residential property prices provided by the Centre of Registers, in the third quarter of 2014, compared with the second quarter, prices fell only of apartments in old blocks of flats. Nonetheless, prices still exceeded the 2013 level. […]
Pay gap between men and women in Lithuania was 12.5 percent in 2013. It increased 0.5 percentage points compared to the year before. […]
The members of Investors’ Forum of Lithuania met with the chief presidential advisor, head of economic and social politics team Giedre Kaminskaitė-Salters. […]
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