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. […]
Economy
Economy
Smooth transition to euro will boost consumer confidence, political analyst says
Smooth switch-over to the euro in Lithuania next year would increase consumer confidence in the common European currency, says Ramūnas Vilpišauskas, director of the International Relations and Political Science Institute of Vilnius University. […]
Economy
Lithuania’s small business owners want more flexibility during euro switch-over
Association of Lithuanian Chambers of Commerce, Industry and Crafts (LPPARA) says that small businesses should be allowed to give change in litas even after the date that Lithuania switched to the euro. […]
Economy
Intermedix Corporation opens international service centre in Lithuania
The US giant in health care technologies and services Intermedix Corporation opened its first international services centre in Lithuania and invested LTL 17.5 million (EUR 5.07 million) in its centre in Kaunas, Invest Lithuania informs. […]
Economy
Lithuanian Social Insurance Fund budget deficit narrows
According to preliminary data, in the first half of 2014 the budget deficit of the State Social Insurance Fund Board (SoDra) decreased by more than a third of a billion litas. […]
Economy
Google Street View to update Lithuania’s map
Estonian company Regio began updating Google Street View map database in the three Baltic States. […]
Economy
Lithuanian pharmacists may be allowed to engage in disease prevention
A draft law proposing to specify the definition of pharmaceutical activities by including pharmaceutical care in its definition has been proposed by MP Dangutė Mikutienė. […]
Economy
Gytis Gumuliauskas appointed new head of Air Lituanica
A new chief executive officer has been appointed to head the Vilnius-based airline Air Lituanica. Gytis Gumuliauskas has replaced Erikas Zubrus in the post, Air Lituanica informs. […]
Economy
Lithuania adopts amendments to ensure safer navigation
The Government of Lithuania voted in favour of approving the new maritime law amendments proposed by the Ministry of Transport and Communications. In order to ensure safe navigation and prevent ship pollution, Lithuania will implement the new model regulations for the control of international and Lithuania’s ships, the Ministry of Transport and Communications informs. […]
Economy
Ryanair celebrates 15 million Baltic passengers
Ryanair, Europe’s biggest low-fare airline, serviced its 15-millionth passenger flying to/from the Baltic countries on 18 July, Vilnius Airport informs. […]
Economy
Avulis confronted about why he relocated Hanner holding to Estonia
Having relocated Hanner holding to Estonia two years ago, Lithuanian billionaire Arvydas Avulis says that it is not unusual for companies successfully operating in Lithuania to be looking into expanding their businesses beyond the Lithuanian borders or completely relocating them. […]
Economy
Arvydas Arnašius to head Invest Lithuania
Arvydas Arnašius, acting head of Invest Lithuania, will step in as permanent head of the government’s foreign investment promotion agency after winning a respective competition organized by the Economy Ministry. […]
Economy
Wizz Air adjusts Vilnius-Kutaisi flight to bypass eastern Ukraine
At the moment, Wizz Air is the only airline operating in Lithuania that conducts flights crossing eastern Ukraine, from Vilnius to Kutaisi, Georgia. The Civil Aviation Administration has informed ELTA that Wizz Air route will be adjusted after Malaysia Airlines plane crashed and airspace above the rebel-held regions in Ukraine was closed. […]
Economy
Police to guard post offices during euro transition in Lithuania
Lietuvos Paštas (Lithuanian Post) and the police signed an agreement on Friday on cooperation during the adoption of the euro, the Lithuanian Post said. […]
Economy
Delays reported in Panemunė-Kaliningrad bridge project
Construction on a new bridge over the Nemunas River in Panemunė, an important transport link to Russia’s Baltic enclave of Kaliningrad, will not meet its October deadline due to delays on the Russian side. […]
Economy
Economy
Lithuanian banks are preparing for peak days of euro changeover
Commercial banks in Lithuania on Thursday signed a Memorandum of Understanding on Good Practice during the Preparation for the Adoption of the Euro with the Bank of Lithuania. […]
Economy
Lithuanian court rules against euro referendum
Efforts to hold a referendum on Lithuania’s switchover to the euro and to preserve the current national currency, the litas, have fallen through as the Supreme Administrative Court of Lithuania has ruled that the decision by the Central Electoral Commission (VRK) not to register a referendum initiative group and not to issue any signature sheets thereto is legitimate. […]
Economy
Lithuania exceeds budget revenue projections
Based on data available to the Finance Ministry, in the first half of 2014, the state and municipal budgets collected LTL 11.488 billion (EUR 3.327 billion), i.e., 1.3 percent (LTL 150 million or EUR 44 million) more than projected and 11.8 percent more than last year. […]
Economy
Seimas speaker: Minimum salary may be raised this year
Parliament Speaker Loreta Graužinienė claims that the minimum salary may be raised as soon as in the fourth quarter of 2014. […]