IMF
Economy

IMF warns Lithuania about effects of Russia sanctions

Lithuania and other Eastern European economies with close links with Russia could be seriously affected by a slowdown in the Russian economy or the sanctions imposed by the West against Moscow, analysts of the International Monetary Fund (IMF) have said. […]

No Picture
Economy

Milk price drops 20 percent

Indicated milk price in the European market decreased even more, it is the lowest it has been for 18 months. On 31 July, milk price stood at LTL 1,19 (EUR 0,35) per 1 kilogram. It is by LTL 0.03 (EUR 0.01) less than one week ago. […]

Klaipėda Seaport
Economy

Klaipėda Seaport handled 17.8m tonnes of cargo January-June

The aggregate throughput of Klaipėda Port and at Būtingė Terminal in January-June 2014 totalled 21,1 million tons of seaborne cargo: 3,3m tons were handled at Būtingė Terminal (the year-on-year change was -24,7 percent or -1 085,5 thousand tons) and 17,8m tons were handled in Klaipėda Seaport (the year-on-year change was +2,9 percent or +494,0m tona), Port of Klaipėda informs. […]

Virginija Vilimienė
Economy

Orlen Lietuva and workers’ trade union reach agreement

The management of Orlen Lietuva (Orlen Lithuania) and the oil company’s trade union on Friday reached an agreement on the key items of the collective agreement, which will stipulate that workers of the oil refinery will be rewarded for performance, but the incentives will also be tied to the performance of the company as a whole. […]

Economy

Unemployment in Lithuania 10.5 percent

In June 2014, the seasonally-adjusted unemployment rate in Lithuania stood at 10.5 percent, according to Eurostat, the statistical office of the European Union. […]

Economy

Lithuania’s GDP reaches pre-crisis level

According to the flash estimate, in the second quarter of this year annual GDP growth decelerated marginally to 3.1%. Seasonally and working day adjusted quarterly growth was unchanged at 0.7%. After six years GDP has finally reached the pre-crisis level. Estonian economy could reach pre-crisis level next year, while Latvian prospect is a little more distant. […]