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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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