Economy
Is Lithuanian pork safe to eat?
Having recently discovered a swine fever outbreak in a major Lithuanian pig farming complex, consumers are concerned with consequences of consuming infected pork. […]
Economy
Economy
Christian Thaler-Wolski: Lithuania has 3 years to catch up with startup ecosystems in London or Berlin
“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. […]
Economy
Bank of Latvia: A special day and not only for Lithuania
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. […]
Economy
Lithuania’s prison wardens in for salary raise
Lithuania’s Justice Minister Juozas Bernatonis has promised that salaries for the lowest-paid prison wardens will increase in 2015. […]
Economy
“120s”: Consequences of swine fever and fierce battles in Ukrainian cities
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. […]
Economy
Lithuanian retail trade down 3 percent in June
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). […]
Economy
Government emergency panel declares state of emergency over ASF
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. […]
Economy
Lithuania’s TEO LT recognized for best investor relations in country
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. […]
Economy
AirBaltic to launch Vilnius-Amsterdam flights
Latvian airline AirBaltic is launching a new direct air route linking Vilnius and Amsterdam, the Netherlands. […]
Economy
Lithuania’s Linas Agro granted 30-million loan to expand in Latvia
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. […]
Economy
19,000 pigs culled after African swine fever outbreak
All 19,000 pigs at an African Swine Fever-hit farm in the eastern Lithuanian district of Ignalina have been exterminated, the country’s chief veterinary officer said. […]
Economy
New car sales on the rise in Lithuania
Four and a half thousand car deals were concluded in Arpil-June 2014, or 22.6 percent more compared to the same period in 2013. According to the data of Regitra,a public institution responsible for registration of motor vehicles, and Autotyrimai, a vehicle-related information and consulting company, the second quarter sales offset the decreased number of newly imported cars. […]
Economy
65 schools in Vilnius to be repaired this year
This year, educational institutions in Vilnius received more than LTL 29 million (EUR 8.4 million) for refurbishment and modernisation of their premises. LTL 14 million (EUR 4.06 million) of the sum was allocated for building a new kindergarten in Santariškės. […]
Economy
No hope of drop in unemployment in Lithuania, analyst says
Even though Lithuania’s economic growth rate surpasses that of other European Union member states, unemployment rate is higher than the regional average and, most importantly, it does not seem to be decreasing, notes economist Gitanas Nausėda. […]
Economy
Lithuanian mobile payment startup to expand in Central and Eastern Europe
Following a clearance by the Bank of Lithuania, WoraPay, a Lithuanian startup offering mobile payment services, will continue to expand in Central and Eastern European, invest in technology, and add new mWallets and sellers to its payment infrastructure platform, Startup Lithuania informs. […]
Economy
Lithuanians hope for retirement pensions in excess of current incomes
A poll commissioned by Aviva Lietuva shows that almost half, or 49 percent, of respondents hope to receive retirement pensions equal to their current salaries, while 39 percent have even higher expectations and hope to receive bigger pensions than their current monthly income. […]
Economy
Half people in Lithuania support euro
As Lithuania is moving closer to introducing the euro, half of the people in the country support Europe’s single currency, a recent Eurobarometer survey shows. […]
Economy
Prosecutors launch investigation into swine fever outbreak in Lithuania
On Friday the Office of Prosecutor General of Lithuania launched a pre-trial investigation into the outbreak of African Swine Fever (ASF) in a farm in Ignalina district. The investigation will be carried out to learn if animals have not been infected on purpose. […]
Economy
Baltics and Poland to ask EU support in fighting ASF
Faced with a threat of African swine fever (ASF), the Lithuanian government plans to team up with Latvia, Estonia and Poland and to apply for the European Union’s (EU) support. […]
Economy
State of emergency declared in north-east Lithuania over African swine fever
With African swine fever (ASF) virus found in pig farms managed by Danish-owned Idavang, the local authority of the district of Ignalina has declared a state of emergency in the entire district. […]