Economy
Economy
Economy
Wizz Air to offer new flights from Vilnius
Budget airline Wizz Air announced further expansion of its low-fare route network in Lithuania on Saturday. […]
Economy
Losses of Lithuania’s credit unions narrow
Assets of 63 credit unions that are members of the Lithuanian Central Credit Union (LCKU) amounted to LTL 1.37 billion (EUR 397 million) by the end of the first half of 2014. The figure is 6.4 percent bigger compared with the first half of 2013 when it stood at LTL 1.29 billion (EUR 373 million). […]
Economy
Two Lithuanian trucks stopped at Kaliningrad border amid Russia’s imports embargo
Two trucks carrying food products have been stopped at Lithuania’s border with the Russian exclave of Kaliningrad after Moscow imposed an embargo on agricultural and food products from the EU, the Lithuanian Customs Department said on Friday. […]
Economy
Economy
Lithuanian trucks stuck at border amid Russia’s food embargo
Several Lithuanian trucks are stuck at the Lithuanian-Belarusian border and the Latvian-Estonian border amid Russia‘s ban on the import of food products from the EU, the director of the Lithuanian State Food and Veterinary Service has informed on Friday. […]
Economy
Annual inflation at 0.3% in July in Lithuania
Prices of consumer goods and services declined by 0.5% in July, compared with June, but annual inflation accelerated to 0.3%. Average annual inflation was at 0.3% in July – 1.9 percentage points lower than a year ago. […]
Economy
Top 8 Lithuanian startups to watch next autumn
In autumn, some new stars may begin to shine in global startup ecosystem. This year, Enterprise Lithuania, public agency, and community Startup Lithuania are continuing the successful Startup Lithuania Roadshow, which was launched last year. As part of the project, the country’s most promising startups will travel to San Francisco, Tel Aviv, London, Dublin and Helsinki in autumn to look for investments. […]
Economy
Government commission decides against national state of emergency in Utena
At a meeting on Friday the Emergency Commission of the Lithuanian Government decided against declaring a national state of emergency due to African swine fever (ASF) in Utena district. […]
Economy
Russian sanctions to shave off 0.2 percent of Lithuanian GDP growth
The growth of the Lithuanian gross domestic product (GDP) may slow down by 0.2 percent in the wake of the Russian sanctions, Lithuania’s Economy Minister Evaldas Gustas said after meeting with President Dalia Grybauskaitė on Friday. […]
Economy
Lithuanian employers support introduction of compulsory maths exam
Businesspeople have expressed their support to the decision made by Minister of Education and Science Dainius Pavalkis to make mathematics examination compulsory starting 2016 to those entering higher education institutions. Business representatives have also noted the need to enhance development of practical competences of specialists. […]
Economy
Russia Outgrown: Why Vilnius is attracting IT developers from Russia
In May, Game Insight, a developer of games for mobile devices, announced that it was moving its headquarters from Moscow to Vilnius. This is not the first IT emigrant: in terms of price, logistics and investment climate, having their offices in European is often seen as a better option for those Russian companies that go after the global market. […]
Economy
Lithuania’s Litgrid secures EUR 50 million from NIB to fund LitPol Link
The Lithuanian electricity transmission system operator Litgrid and Nordic Investment Bank (NIB) signed an agreement on Wednesday on a 50-million-euro loan for a period of ten years, said the company in a statement. […]
Economy
State of emergency declared in Utena district
On Thursday, the Emergency Commission of Utena district declared a state of emergency due to African swine fever (ASF) in Tauragnai and Saldutiškis at the local level. […]
Economy
Lithuanian president: Kremlin’s revenge on the West will hit Russian people first
The effect of Russia‘s restrictions on imports of agricultural produce and food products on Lithuania’s economy will be small but the country will look for ways to help the business sector, Lithuania’s President Dalia Grybauskaitė says. […]
Economy
Lithuanian court rules in favour of Snoras Bank creditors
Vilnius Regional Court has delivered a judgment in favour of 26 claimants against Snoras Bank and the third party, the state enterprise Deposit and Investment Insurance. The court annulled the signed bond agreements and deposit certificate acquisition agreements. […]
Economy
Lithuanian dairy and meat producers to be hit hardest by Russian retaliatory sanctions
Lithuanian Agriculture Minister Virginija Baltraitienė says that the country’s milk and meat producers would be the most affected by Russia‘s ban on importing agricultural products from countries that imposed sanctions on Moscow. […]
Economy
Second outbreak of African swine fever reported in Lithuania
The second outbreak of African swine fever (ASF) has been reported in Lithuania. […]
Economy
The boom for Lithuanian programmer services only beginning
Oystein Moan, the manager of the Norwegian Visma Group with about 100 programmers in Lithuania, forecasts that in the near future more services centres of international companies and also foreign companies particularly from the Nordic countries will be established in Lithuania, as labour force costs there are huge and good IT specialists are hard to find. […]
Economy
More airplanes in Lithuanian air-space after Malaysian airliner crash
After the Malaysian airliner MN17 was shot down in Eastern Ukraine in mid-July, the number of flights across the Lithuanian air-space has increased, says the head of the country’s Civil Aviation Administration. […]