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. […]
On 1 August, Panevėžio Statybos Trestas AB, a Lithuanian construction company, is starting reorganisation and establishing branches. […]
A Spanish laboratory has confirmed that pigs on a large farm in eastern Lithuania were infected with the African Swine Fever (ASF) virus, which came from Russia and Belarus. […]
According to Minister of Finance Rimantas Šadžius, the government is not going to specifically regulate prices after the adoption of the euro, since this will be done by the free market. […]
Lithuania’s Minister of Agriculture Virginija Baltraitienė has not only to decide how to prevent the worst effects of African swine fever in the country, but also to plan the future of the Lithuanian agriculture. […]
As African swine fever (ASF) is spreading, Lithuania does not plan to forbid rearing these animals, says Minister of Agriculture Virginija Baltraitienė. […]
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. […]
Having recently discovered a swine fever outbreak in a major Lithuanian pig farming complex, consumers are concerned with consequences of consuming infected pork. […]
“A few of the 15 Lithuanian startups I have mentored have a really good prospect of raising funding from international investors,” says Christian Thaler-Wolski, investor and mentor. Last week he came to Vilnius from Germany to teach Lithuanian startups what topics should be covered when talking to investors and how to prepare your best one-on-one pitch. […]
This is an historic day for Lithuania and all the other Baltic States. Long and hard work on putting the economy right has been rewarded with an official invitation to join the euro zone as of 1 January 2015. Another wall then comes down for the people of the Baltic States, not least when it comes to business relations. This is one aspect that Latvia can’t help but value given its long border of almost 600 km with Lithuania. […]
Lithuania’s Justice Minister Juozas Bernatonis has promised that salaries for the lowest-paid prison wardens will increase in 2015. […]
News in 120 seconds: Lithuanian pig farming in for LTL 0.5 million losses, storming cities in Ukraine, Malaysia Airlines crash, UN worried about military conflict in Ukraine, Russia loses 50-billion-dollar claim at the Hague. […]
Statistics Lithuania informs that, based on provisional data, in June 2014, the turnover (VAT excluded) of retail trade enterprises amounted to LTL 2508.7 million (EUR 726.6 million); against May, it decreased 3 percent at constant prices (seasonally adjusted – decreased 0.4 percent). […]
The government’s emergency commission decided Monday to declare a state of emergency in the district of Ignalina in response to the spread of African swine fever (ASF) in Lithuania. […]
IR Magazine, a reputable industry publication for international investors, has recognized Lithuania’s telecom company TEO LT as the one with best investor relations (IR) in Lithuania. […]
Latvian airline AirBaltic is launching a new direct air route linking Vilnius and Amsterdam, the Netherlands. […]
SIA Linas Agro, a subsidiary of AB Linas Agro Group, has refinanced its existing liabilities and attracted new capital to develop its business in Latvia. The credit line for working capital in the amount of EUR 30 million has been granted by SEB and DNB banks in Latvia within the scope of the club loan with SEB Banka being the leading bank of the transaction. […]
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