Economy
Economy
Economy
Fitch affirms Lithuania’s ratings at A-
Fitch Ratings has affirmed Lithuania’s Long-term foreign and local currency Issuer Default Ratings (IDR) at A-. The outlooks are stable, the rating agency said in a statement, Reuters quotes Fitch. […]
Economy
Lithuanian MP proposes to tie minimum wages to average salary
Member of Parliament, chairman of the Order and Justice Party parliamentary group Petras Gražulis has proposed a law that the minimum monthly salary could not be lower than half of the average salary in Lithuania. […]
Economy
Bank of Lithuania invests in China’s capital market
The Bank of Lithuania, for the first time, invested a small part of its foreign reserve assets in China‘s securities. To do that, Lithuania’s central bank had to receive the approval of the People’s Bank of China and finish necessary legal procedures for investment in China’s capital market. […]
Economy
Lithuanian organization among European Enterprise Promotion Award winners
The seven winners of the 8th edition of European Enterprise Promotion Awards (EEPA) were announced on Thursday. Lithuania’s App Camp was recognized for its project Mobile Apps Laboratories, an initiative that, according to the jury, best promotes entrepreneurial spirit. […]
Economy
Euro adoption in Lithuania: Most consumers complain about raised prices and inaccurate conversion
Since the beginning of September, the State Consumer Rights Protection Authority (VVTAT) has received more than 150 complaints related to the Euro adoption. […]
Economy
Economy
Lithuania to promote tourism among Ukrainians
This Friday in Kiev, the State Tourism Department of Lithuania (VTD) and the Lithuanian Embassy in Kiev are promoting tourism to Lithuania. Representatives of Ukrainian travel agencies that are already working with Lithuania and new ones will be taking part in the presentation. […]
Economy
Lithuania among EU leaders in improving conditions for small and medium business
In the report on the implementation of the SBA (Small Business Act for Europe), Lithuania is above the European Union’s (EU) average in the areas of entrepreneurship, administration, state support and public procurement, funding possibilities and business conditions. The report was presented on Friday in Naples, Italy, during the 2014 SME Assembly. […]
Economy
Analysts say Lithuania’s 2015 budget proposal too optimistic
Excessively optimist forecasts and no instruments for boosting the domestic market in the 2015 Lithuanian budget proposal may lead to economic problems, says Gitanas Nausėda, adviser to the SEB bank president. […]
Economy
Prosecutor General ends debate on investigation of Bank Snoras bankruptcy administrator
The Prosecutor General‘s Office announced on Thursday that the decision to terminate the pre-trial investigation into the actions of Bank Snoras bankruptcy administrator Neil Cooper was both lawful and legal. […]
Economy
Japanese agency praises Lithuania for promoting computer games industry
Japanese games industry research and analysis agency Media Create has identified Lithuania as the hottest spot for game producers in Central and Eastern Europe in a new report. […]
Economy
Lithuania’s Finance Ministry suggests scrapping VAT exemptions for heating in 2015 budget proposal
The Lithuanian Ministry of Finance proposes to scrap a VAT exemptions for district heating, saying that a draft state budget for 2015 earmarks sufficient funds to compensate low-income families for increased heating bills. […]
Economy
Air Lituanica signs cooperation deal with Air France and KLM
Air Lituanica, an airline controlled by the city of Vilnius, has signed a cooperation agreement with Air France and KLM Royal Dutch Airlines for connecting flights to Paris and Amsterdam. […]
Economy
Solar manufacturer Via Solis starts new production line in Lithuania
The EU project SmartFlex has announced the completion of a production line for manufacturing individually designed solar photovoltaic (PV) façades on an industrial scale. […]
Economy
Lithuanian fruit and vegetable growers to receive EU support
The European Commission has adopted a new programme for emergency market measures for perishable fruit and vegetables in the wake of the Russian ban on imports of certain EU agricultural products, the EC informs. […]
Economy
European Commission working on release of Lithuanian vessel held in Russian port
The European Commission continues its efforts to obtain the release of Jūros Vilkas (Sea Wolf), a Lithuanian fishing vessel detained in the Russian port of Murmansk. […]
Economy
EU urges Russia to release arrested Lithuanian vessel
The European Union (EU) is concerned by the Russian decision to arrest the Lithuanian fishing vessel Jūros Vilkas (Sea Wolf) and demands that it be released without delay, reads a communiqué published on Tuesday. […]
Economy
New African swine fever case detected in Lithuania
African swine fever (ASF) was ascertained after testing samples of a hunted wild boar in Alytus district, the State Food and Veterinary Service (VMVT) has informed. This is the seventh ASF case in wild boar population in Lithuania and second in Alytus district this year detected in wild animals. […]
Economy