Economy
Lithuanian prime minister says no VAT cuts
Lithuanian Prime Minister Algirdas Butkevičius said on Wednesday that VAT rates on agricultural products will not be reduced. […]
Economy
Economy
Two new ASF cases reported in east Lithuania
The State Food and Veterinary Service (VMVT) reports that dead pigs were found in two farms located in Ignalina district. Laboratory testing confirmed African swine fever (ASF) in both cases. […]
Economy
Russian sanctions to stir up Lithuania’s labour market
Russian sanctions will unambiguously have an effect on Lithuania’s labour market, say staff selection specialists. The greatest commotion has been already observed among companies that work directly with Russia, i.e., road carriers and food industry companies. It is expected that in the nearest future employee turnover will mostly affect shipping agents and export managers. […]
Economy
Borderline districts will benefit from increase in Russian shoppers, says Lithuanian president
Residents of Lithuania’s southwestern District of Jurbarkas near the Russian region of Kaliningrad will benefit from an increase in Russian shoppers, Lithuanian President Dalia Grybauskaitė has said in an interview with a local newspaper. […]
Economy
Lithuanian parliament speaker sceptical about cutting VAT to alleviate Russian import embargo effects
Speaker of the Lithuanian Seimas Loreta Graužinienė says she has reservations about cutting value added tax (VAT) rate for vegetables and meat. According to the head of Parliament, only retailers would benefit from VAT rate exemptions, while producers and consumers would not. […]
Economy
Lithuanian pig farmers sustain almost 9-million-euro losses due to ASF
Lithuanian pig farmers claim that due to African swine fever (ASF) they have suffered losses amounting to LTL 30 million (EUR 8.7 million). […]
Economy
Lithuanian dairy farmers complain about unilaterally terminated contracts and cut buying-in rates
Representatives of the agricultural sector say they support the plans of the Government to carry out intervention buying and claim that the interests of farmers, suppliers of raw food, should be taken into consideration in the current situation. […]
Economy
First shipment of Lithuanian euro coins delivered to central bank’s vaults
The first batch of Lithuanian euro coins are being delivered to the Bank of Lithuania‘s vault in Vilnius. On 1 January 2015, they will be released into circulation. The total amount of coins necessary for the euro adoption and to ensure reserves is about 370 million units; their weight – 1,740 tons, says the Bank of Lithuania in a statement. […]
Economy
Investors’ confidence in Lithuanian economy grows
Foreign capital companies are rather happy with business conditions in Lithuania, shows Lithuania’s Investors’ Confidence Index. […]
Economy
Lithuanian Maritime Safety Administration installs traffic monitoring system
The National Vessel Traffic Monitoring Information System (NVTMIS) was implemented by Lithuanian Maritime Safety Administration. The system will help better secure maritime environment by preventing situations that can pose a threat to the safety of people at sea, the Ministry of Transport and Communications announced. […]
Economy
Lithuanian agriculture minister says European Commission might help with Russian embargo relief
Intervention buying-in by authorities would help Lithuanian farmers cope with the consequences of Russia’s restrictions on the imports of food and farm products, Agriculture Minister Virginija Baltraitiene has said, adding that this measure would be financed from the national budget and the costs would be compensated by the European Commission (EC). […]
Economy
Economy
Economy
Wild boar with ASF found near Idavang pig farm in Lithuania
A dead wild boar infected with African Swine Fever (ASF) was found near the Rupinskai pig complex in Ignalina district last weekend. […]
Economy
Economy
Lithuania’s average annual inflation at 0.4 percent
Statistics Lithuania announced that in July 2014, the average annual inflation calculated based on the harmonised index of consumer prices (HICP), which is methodologically harmonised with those of other EU member states, stood at 0.4 percent. […]
Economy
Lithuanian dairy products can be sold locally, says Food and Veterinary Service chief
With Russia having closed its market to most European food products, the first month will be the most difficult for Lithuanian producers, the director of the Lithuanian State Food and Veterinary Service said on Monday. […]
Economy
Belarus and Kazakhstan still accept Lithuanian products
Belarus and Kazakhstan, members of the Moscow-dominated Customs Union, accept Lithuanian food products and are not stopping cargo at the border. […]
Economy
Economy
Snoras Bank creditors seek penalty for Ernst & Young Baltic for misleading audit reports
The association of Snoras Bank depositors and creditors addressed in writing the bankruptcy administrator of the bank demanding information whether he intends to pursue claims against audit company Ernst & Young Baltic. […]