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
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. […]
Economy
Lithuanian government to set up commission overseeing home renovation quality
As the renovation of apartment blocks is gaining momentum, the Ministry of Environment is planning to establish a special commission to oversee coordination of the renovation process and work control. […]
Economy
Lithuanian prosecutors drop TV3 probe
The Lithuanian Prosecutor General‘s Office dropped a pre-trial investigation over TV3 channel’s actions after the initial allegations against the channel’s parent company were dismissed. […]
Economy
“120s”: African swine fever outbreak in Lithuania and secrets of the MH17 flight
News in 120 seconds: African swine fever reaches Lithuania, new chief of defence sworn into office, day of mourning in Amsterdam, MH17 crash: challenging tasks ahead, Israel continues offensive in Gaza Strip, weather forecast: Heat and squall. […]
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. […]
Economy
Environment minister says Lithuanians too timid about renovating their ageing houses
Lithuania’s Minister of Environment Kęstutis Trečiokas says that the major obstacle for the the ongoing campaign to renovate decrepit and energy-inefficient residential buildings is people’s mentality and passivity. […]
Economy
Check out the designs of Lithuanian euro coins
Even though Lithuania has received the final go-ahead from the European Union for switching to the euro this Wednesday, Lithuanian mints have been making euro coins for some time now. […]
Economy
President Grybauskaitė: Lithuania cannot provide direct subsidies to Orlen Lithuania
Lithuania cannot subsidize privately-owned oil refinery Orlen Lietuva, says President Dalia Grybauskaitė, adding that she expects PKN Orlen, the Polish mother company, to help its Lithuanian subsidiary continue operations. […]
Economy
Environment minister scolds idea of bridge to Curonian Spit
The new Minister of Environment Kęstutis Trečiokas has reservations about the idea of building a bridge to the Curonian Spit. […]
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
African swine fever reported in Danish-owned pig farm in Lithuania
An outbreak of African swine fever (ASF) has been reported in a Lithuanian pig complex owned by Danish company Idavang, which has already started the culling of more than 18,000 pigs kept at the farm. […]
Economy
Lithuania will feel benefits of euro in 3-5 years, analyst says
Lithuania, which will adopt the euro on Jan. 1, should feel positive effects of the new currency in three to five years. However, the new currency will bring both positive and relatively negative changes, an analyst with SEB Bankas, the largest Lithuania’s commercial bank, says. […]
Economy
Liberal MP: Government must step in to save ORLEN Lietuva
If there is ever a threat of the oil refinery in Mažeikiai closing down, the government must urgently step in, says Eligijus Masiulis, leader of the Liberal Movement parliamentary group. […]
Economy
Lithuanian oil refinery under financial strains
The effects of negative macroeconomic climate for oil refining sector and the results of tests for impairment of fixed assets required according to financial standards, significantly affected the level of ORLEN Lietuva financial results in H1 2014, said the company in a statement. […]
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
Šadžius: businesses that round prices down will thrive in euro transition
With the European Union (EU) expected to issue its final approval today for the adoption of the euro in Lithuania, businesses lowering their prices before the currency changeover should win the competitive race, the Lithuanian finance minister has said. […]
Economy
Countdown timer above Bank of Lithuania headquarters to count days until euro
After the EU General Affairs Council adopts the final decision on the adoption of the euro in Lithuania, a countdown timer above the door of the Bank of Lithuania in Vilnius, Gedimino avenue, will be launched. […]
Economy
New restrictions to foreign entrepreneurs are “cutting another branch we’re sitting on”
New law amendments, which aim to prevent creation of fictitious businesses in Lithuania, will only make it more problematic for foreigners to start a small business, lawyers claim. […]
Economy
Over 5,000 counterfeit items seized by Lithuanian customs
Lithuanian customs officers seized over 5,000 items in the first half of this year, suspected of having been produced in violation of intellectual rights. […]