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Economy

Belarusian tourists exchange Crimea for Lithuanian resorts

The Crimean annexation by Russia has played out big for Lithuania: holidaymakers from Belarus, who usually choose Crimea for their vacation, this summer have been swarming Lithuanian resorts instead. The numbers of Belarusian tourists in Lithuania could be even higher if it were not for the lengthy and often intimidating visa procedures. […]

Bank of Lithuania chief Vitas Vasiliauskas
Economy

Bank of Lithuania governor urges people not to rush to convert savings to euros

Following the final decision of the European Union’s General Affairs Council of Ministers on Lithuania’s participation in the Economic and Monetary Union (EMU) from 1 January 2015, governor of the Bank of Lithuania Vitas Vasiliauskas warns Lithuanians not to rush to exchange their savings in litas for euros. […]

Economy

Israir to keep Wednesday’s Vilnius-Tel Aviv flight

A flight from Vilnius to Tel Aviv by Israeli’s air carrier Israir scheduled for 11:05 pm, Wednesday, has not been cancelled, although many airlines around the world have today suspended their flights to Tel Aviv for 24 hours. […]

Economy

Youth unemployment declining in Lithuania

Since the beginning of this year, youth unemployment in Lithuania has gradually declined. On 1 January, it stood at 6.2 percent, while on 1 July it went down to to 3.5 percent. […]