Economy
Vilnius public transport drivers threaten with strike
Lithuanian capital’s public transport drivers threaten to go on strike due to salary delays. […]
Economy
Economy
Russian court ruling on Lithuanian vessel due next week
A Russian court ruling on releasing the Lithuanian fishing vessel Jūros Vilkas (Sea Wolf), now in the Russian Port of Murmansk, on bail is due next week, the lawyer for the ship owners says. […]
Economy
Grain price may continue to fall, expert says
Grain market analyst Tadas Povilauskas of the Lithuanian agricultural companies’ Group Litagra says that grain price may continue to fall due to both good harvests and competition of alternative cultures grown by Australian and South American cultivators. […]
Economy
Advice to Lithuanian exporters: Forget China, concentrate on Chinese region or city
Robertas Dargis, head of the Lithuanian Confederation of Industrialists (LPK), is convinced that cooperation among producers is one of the keys to open vast foreign markets to Lithuanian goods. […]
Economy
Companies contributing to Lithuanian-Polish cooperation to receive awards
Trade and Investment Promotion Section of the Polish Embassy is presenting Polish Business Awards 2014 for the third time. […]
Economy
Lithuania’s domestic credit up EUR 53.2m in August
Over August, the M3 broad monetary aggregate in Lithuania increased by LTL 244.6 million (EUR 70.9 million) and its annual growth rate was 3.6 percent at the end of the month, the Statistics Department of the Bank of Lithuania reports. […]
Economy
Turnover of retail trade companies in Lithuania down 1.1 percent in August
Based on provisional data, in August 2014, the turnover (VAT excluded) of retail trade enterprises (except of motor vehicles and motorcycles) amounted to LTL 2.6984 billion (EUR 782 million); against July, it decreased by 1.1 percent at constant prices (seasonally adjusted – by 0.1 percent), Statistics Lithuania said. […]
Economy
Lithuania’s Achema Group appoints new CEO
The board of Achema Group held a meeting on Friday and decided to dismiss Romualdas Zadeika, who had been acting as the company’s provisional managing director, vz.lt reports. […]
Economy
Opposition MPs ask ministry what it does to prevent mass lay-offs in companies hit by Russian embargo
Members of the Homeland Union-Lithuanian Christian Democrats (TS-LKD) Rimantas Dagys and Kazys Starkevičius have asked the Ministry of Social Security and Labour what actions the ministry undertook over possible mass dismissals of employees. […]
Economy
Lithuania sends request for new Eurobond issue
Lithuania, which is rated at Baa1 on Moody’s rating and at A- by both Standard and Poor’s and Fitch, has sent a request for proposals for a new Eurobond issue, according to Reuters sources. […]
Economy
Šiauliai decides to cancel suspicious investment deal near military airport
Šiauliai City Council on Thursday decided to cancel a controversial agreement on an investment project near a military airport where NATO air policing mission is based. […]
Economy
Administrative charges brought against captain of fishing vessel arrested in Russia
The Lithuanian fishing vessel detained in Russia has been placed under arrest, with administrative charges brought against its captain, Lithuanian diplomats said on Thursday. Lawyers have requested that the ship be released on a bail. […]
Economy
ECB’s Draghi: Euro zone to help Lithuania ward off risks from Russia
The European Union (EU) and the euro area may help Lithuania shield itself from Russia’s economic sanctions or outweigh those measures, president of the European Central Bank (ECB) believes. […]
Economy
Minimum wage in Lithuania to be raised to 300 euros
The government of Lithuania has decided to increase the minimum monthly wage to LTL 1,035 (EUR 300) and the minimum hourly wage to LTL 6.27 (EUR 1.82) from 1 October 2014. […]
Economy
Ranks of euro supporters swell to 47 percent in Lithuania
The Lithuanians have slightly warmed up towards the euro, which the country will adopt next year, a recent Eurobarometer survey shows. […]
Economy
Lithuanian government plans no major tax changes in 2015
Lithuanian Prime Minister Algirdas Butkevičius claims that the government is not planning to make any major changes to the tax system next year or introduce any new tax exemptions. He adds that a rise in the excise duty on alcoholic drinks is considered. […]
Economy
Russian embargo impact on Lithuanian economy overstated, financial analyst says
Advisor to the SEB Bank president, financial analyst Gitanas Nausėda says that the impact of Russia‘s food product embargo on the Lithuanian economy has been greatly overstated. […]
Economy
Controversial reactions to legalization of ritual slaughter of animals in Lithuania
The law legalizing ritual slaughter of livestock, which was passed by the Seimas, the Lithuanian parliament, has attracted controversy. While the local Jewish Community of Lithuania welcomed the law, animal rights activists said they will turn to the European Commission. […]
Economy
Lithuania legalizes ritual slaughter of animals
The Lithuanian parliament has legalized the ritual slaughter of livestock in a move that is expected to help farmers hit by Russia’s food import ban to sell their production to Muslim markets. […]
Economy
Lithuanian government turns to European Commission over detained ship
The Ministry of Agriculture has informed the European Commission‘s Directorate-General for Maritime Affairs and Fisheries about the Lithuanian fishing vessel Jūros Vilkas (Sea Wolf) that was detained by Russia. […]