Lithuania has continued its climb up the Global Competitiveness Index, and is now ranked in the 41st spot. This year Lithuania is ahead of neighbouring Poland, and ranked better than Latvia, Italy, Turkey and Bulgaria, public enterprise Invest Lithuania informs. […]
Following the European Court of Justice‘s ruling, the Lithuanian Transport Ministry proposes to lift a ban on registering right-hand-drive vehicles in the country. […]
Leaders of Lithuania’s ruling parties agreed on Wednesday to raise minimum monthly wages by 35 litas (EUR 10) to 1,035 litas as of October, Prime Minister Algirdas Butkevičius said after the government’s meeting. […]
A new outbreak of African swine fever (ASF) has been detected on a small farm in the eastern Lithuanian district of Ignalina, some 1.5 kilometres from the border with Belarus, the State Food and Veterinary Service said on Monday. […]
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in the second quarter of 2014, GDP at current prices amounted to LTL 31.32 billion (EUR 9.07 billion). […]
Statistics Lithuania has revised up the annual GDP growth numbers from 3.1% to 3.3% for the second quarter of this year (3.1% seasonally and working-day adjusted). Domestic demand remained the main driver of growth, while net exports continued to contribute negatively. […]
Seimas Speaker Loreta Graužinienė expects that Russia’s sanctions will not cause a sharp decline in Lithuania’s budget revenue and says that she sees possibilities for raising monthly minimum wage. […]
Nordic Business Report produces rankings of influential people in the business sphere. „In 2011 we ranked the greatest business thinkers in Finland, and in 2012 – in the whole Nordics. This year we decided to rank the younger generation – the people who really show us the trends of future. The scope was also upgraded significantly. We ended up having whole North Europe covered in this 30 under 30 ranking: Finland, Sweden, Norway, Iceland, Denmark, Estonia, Latvia, Lithuania and Russia”, says Hans-Peter Siefen, founder and CEO of Nordic Business Forum. […]
Prime Minister Algirdas Butkevičius says that problems faced by entrepreneurs affected by Russia‘s sanctions should be regarded as problems of national significance. […]
Minimum monthly wage in Lithuania may reach 350 euros at the end of 2016, chief economist of Swedbank Lithuania says, adding that this estimate is based on the government program and economic growth. […]
Cooking Fever, a mobile game produced by the Lithuanian company Nordcurrent and launched last week, quickly reached top spots in US mobile applications charts. […]
The Lithuanian Geological Survey is about to announce a tender for detailed amber exploration in the country, the country’s Ministry of Environment said on Tuesday. […]
On Sunday, the Eurobus was seen off from Vilnius and started touring across Lithuania’s cities and towns. Over the course of a little over two months, it will visit all 60 municipalities, three events will be held in each one. The purpose of the campaign is to better inform people about the adoption of the euro. […]
In the second quarter of this year annual nominal growth of gross wages accelerated to 4.6%. Meanwhile, real net wages increased by 4.9%, due to increase in non-taxable income threshold as of January 1st. However, the main factors behind rapid wage growth were general economic growth, declining unemployment and an increasingly pronounced shortage of qualified labour force. […]
The German bank Commerzbank has awarded Šiaulių Bankas with Straight-Through Processing Award 2013 for a fully automated and top quality performance of international transactions for the third year in turn, Šiaulių Bankas announced. […]
On 26 June 2014, the Republic of Lithuania Law on the Legal Status of Aliens was revised with amendments. The purpose of these amendments is to get rid of bureaucratic barriers that hinder the employment of foreign specialists of high professional qualification in Lithuania. At the same time, the amendments seek to limit the establishment of fictitious companies that are set up with the aim of obtaining permits to temporarily reside in the country. […]
According to the provisional data of Statistics Lithuania, in the second quarter of 2014, accommodation establishments accommodated 9.5 percent more guests than in the same period in 2013 and received 637.7 thousand tourists. […]
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