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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. […]

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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. […]

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Economy

Lithuanian meat and vegetable producers ask for tax cuts in wake of Russian embargo

After Russia has imposed an embargo on Lithuanian agricultural production, the government is considering not only subsidies for food products but also a reduced 5-percent value-added tax (VAT) rate for vegetable and meat producers. […]

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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. […]