Lithuania’s prime minister has once again instructed supervisory authorities to maintain tight supervision over preparations for the adoption of the euro in the country and, if necessary, to impose penalties on breachers of requirements established for the period of currency changeover. […]
According to the calculations of Agriculture Minister Virginija Baltraitienė, losses of Lithuanian dairy and meat producers may possibly amount to LTL 500 million (EUR 145 million), because of food product embargo imposed by Russia. […]
Starting on 22 August, it will be mandatory for all traders and service providers in Lithuania to indicate prices in two currencies, the litas and the euro. […]
A mandatory requirement has been announced in Lithuania to register all pigs by 15 September. Registration will be free of charge. […]
MP Vytautas Antanas Matulevičius has proposed to introduce a 5-percent value added tax (VAT) rate on books and non-periodicals instead of the current 9 percent VAT rate. […]
In July, 17 percent of the polled stated that, over the last two months, economic situation in Lithuania had improved, while 56 percent said that it had remained unchanged, and 23 percent indicated that economic situation had worsened. 4 percent of respondents had no opinion on the matter. […]
When Russia imposed import bans in the past, traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI). […]
On Monday, representatives of Lithuanian business associations and representatives of municipal authorities as well as the Government, signed the Memorandum of Good Business Practice during the Adoption of the Euro. […]
Every year, over 1,000 students finish information technology (IT) studies in Lithuania; however, according to employers, it is not enough to meet the current demand of IT specialists in the country. […]
Statistics Lithuania informs that in the second quarter of 2014, against the second quarter of 2013, the volume of construction work carried out increased by 16.8 percent and amounted to LTL 2.2 billion (EUR 637 million). […]
According to experts, when seeking to purchase some property, Lithuanians prefer smaller, economical housing up to 100 square meters with 2 to 3 bedrooms. […]
Lithuanian companies have refused to take part in Golden Autumn, a traditional autumn food show in Moscow in October, as Russia has slapped sanctions on the imports of agriculture and food products. However, some businesspeople will go to another exhibition, World Food Moscow, the Verslo Žinios business daily reports. […]
During the second quarter of 2014, Lithuania’s seasonally-adjusted GDP rose by 0.7 percent, while compared to the same quarter of 2013, it increased by 3.0 percent, according to flash estimates published by Eurostat, the statistical office of the European Union. […]
Lietuvos Energijos Gamyba, a company engaged in the production and wholesale trading of electricity, is pursuing its goal to actively contribute to the integration of Nordic and Baltic electricity markets. Lietuvos Energijos Gamyba is the first Lithuanian company that joined the derivatives exchange NASDAQ OMX Commodities, the company says in a statement. […]
One of Lithuania’s major dairy producers Pieno Žvaigždės says that import restrictions to Russia do not pose a threat to the company’s existence, but they will have a negative impact on its profitability. […]
In the second quarter of this year unemployment declined to 11.2% and was 1.2 percentage points lower than in the previous quarter. Youth unemployment, on the other hand, increased slightly to 21.3%. Long term unemployment declined to 5% and was 0.2 percentage points lower than in the first quarter. […]
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