Analysts at SEB Bankas estimate that Lithuania’s maximum economic losses in case of Russia‘s complete import ban could reach up to 5 percent of the gross domestic product, noting that such losses would be quite painful. […]
Based on preliminary data, in August 2014 year-on-year, 7.6 percent more passengers, both inbound and outbound, were serviced in Lithuanian airports. Meanwhile Lithuanian airlines carried 4.7 percent less passengers. […]
The Lithuanian Mint has already minted 97 million Lithuanian euro coins, which is about half the amount to be minted this year and one-fourth of the total amount to be produced this year and next year, the central bank governor said on Monday. […]
More than 100 representatives of Russia‘s national and local media have visited Lithuania this year at the invitation from the State Tourism Department. […]
In August, 12 percent of the polled Lithunian residents said that the economic situation in the country had improved over the last two months. 42 percent said it had not changed, while 44 percent said it had gotten worse. […]
On 25-28 September, Lithuania will take part in one of the major international tourism exhibitions JATA Tourism EXPO Japan. A delegation headed by Minister of Economy Evaldas Gustas will attend the opening ceremony of the event. […]
On 23-25 October, the biggest business and leadership conference in Central Europe, Forum One 2014, will take place in Vilnius with over 5,000 participants from eight European countries, Vilnius Convention reports. […]
Russia has detained a Lithuanian fishing vessel and it’s being towed to Murmansk Port, Russian and Lithuanian officials said on Friday. […]
The Lithuanian parliament has passed legislative amendments, put forward by President Dalia Grybauskaitė, that make it mandatory for parties to large transactions to get them attested by a public notary starting next year. […]
Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times’ database of foreign direct investment (FDI). […]
Lithuanian President Dalia Grybauskaitė has vetoed recently passed amendments to the Law on Competition that provide for smaller anti-trust fines on large companies, saying it benefits specifically Russian oil company Lukoil. […]
An agreement between the local government of Šiauliai and a company that wants to invest in a project close to Šiauliai military airport will probably be cancelled, Prime Minister Algirdas Butkevičius said on Wednesday. […]
Lithuania’s President Dalia Grybauskaitė on Wednesday submitted legal amendments for parliament’s approval, suggesting that investment in strategic economic sectors and in territories near strategic objects be subjected to extra scrutiny in order to assess implications to national security. […]
Lithuanian government representatives and the Industrialists Confederation are setting up an expert group which will be tasked with search for new exports markets. […]
Statistics Lithuania predicts that monthly inflation calculated based on the harmonised index of consumer prices (HICP) will stand at 0.4 percent in September, compared to August. […]
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