Economy
Economy
Economy
Lithuania’s tourism regulator won’t take responsibility for travel agency collapse
Lithuania’s State Tourism Department does not take responsibility for the collapse of Go Planet Travel, a tour operator that embezzled the money of nearly 1,000 customers, since the regulator’s mandate does not include monitoring credit bureau’s data about the financial situation of tourism companies. […]
Economy
Over sixty Lithuanian travel agencies face insolvency risk
Besides the notorious travel agency Go Planet Travel, a high risk of bankruptcy hovers above several dozens of other Lithuanian tour operators and travel agencies, the risk management solutions company Creditinfo Lithuania has warned. […]
Economy
Finding a summer job is not easy anymore
Summer is not a good time to embark on searches of a permanent job, but it usually gives a good chance to eke out some extra money by getting a temp job, which upon lucky circumstances can be turned into a full-time position, labour experts say. But this summer is quite different for seasonal job searchers. […]
Economy
Russia’s food regulators commend Lithuania for fighting swine fever, but do not intend lifting import ban
Russia admits that Lithuania is the most proactive in the European Union (EU) in fight against African swine fever (ASF). However, Moscow still does not mention any possibility to resume imports of pork from Lithuania. […]
Economy
Reviving old vinyls for new life proved great business idea
The Beatles vinyl records which are not used to play music anymore can be taught to tell the time – the idea two Lithuanian entrepreneurs, 27-year-old Laurynas Mazeliauskas and 22-year-old Žilvinas Kuprėnas, have proven business-viable. The founders of Crop Shop who are making original clocks from old vinyl records say that they are going to conquer the world as their ideas are becoming more and more attractive to customers not only in Lithuania but in foreign countries as well. […]
Economy
New textile factory to be built in Panevėžys
Construction company AB Panevežio Statybos Trestas has signed a contract with UAB Devold regarding new textile factory construction in Panevėžys, northern Lithuania, according to a statement by the company. […]
Economy
Price inflation in Lithuania remains low
In June 2014, compared to May, prices for consumer goods and services remained unchanged, because a drop in prices for some consumer products was counterbalanced by an increase in prices for other consumer products, Statistics Lithuania reports. […]
Economy
Half-year results of public enterprise Invest Lithuania – twice as good as 2013
In the first half of 2014 Invest Lithuania attracted 13 new investment projects to Lithuania. These new investors have already committed themselves to creating 1,423 new jobs, double the figure for the same period in 2013. […]
Economy
Economy
Baltics prepare for joint purchase of tuberculosis vaccine
Lithuanian institutions are making final arrangements for the Baltic states’ joint tender to purchase a tuberculosis vaccine for newborns. […]
Economy
Lithuania may appeal to Brussels over new Russian food cargo requirements
Lithuania may have to consult with the European Commission (EC) about new Russia’s requirements for the transportation of food products through Lithuania. […]
Economy
Most new economic entities registered in Vilnius district
In the first half of 2014, a total of 6,998 economic entities were registered in Lithuania, or a 0.2 percent increase year-on-year. […]
Economy
Lithuanian MP proposes to allow charging all tourists
It has been proposed to introduce local charge not only in Lithuanian resorts, but also in other municipalities. […]
Economy
Lithuania is heading on the right track – China Daily
After the official visit by Deputy Minister of Transport and Communications of the Republic of Lithuania Arijandas Šliupas, aimed on increasing the cooperation with People’s Republic of China, Chinese media evaluated the Lithuanian scope to establish stable, constructive and mutually beneficial business relationship positively, the Ministry of Transport and Communications said. […]
Economy
Economy
Gas price for Achema to be included in negotiations with Gazprom
The Lithuanian Government will aim at negotiating a more favourable natural gas price for Achema: a negotiating group will include the issue of Achema in negotiations with Gazprom over the price for natural gas imported from 2016, says Prime Minister Algirdas Butkevičius. […]
Economy
Lithuania, Israel could trade in gas – President
Israel could supply gas to Lithuania in the future, Lithuanian President Dalia Grybauskaitė said during a meeting with Israeli businessmen in Vilnius on Tuesday. […]
Economy
Three Lithuania’s international airports merged
From 1 July State Enterprise (SE) Kaunas Airport and SE Palanga International Airport will be merged into SE Vilnius International Airport, with SE Vilnius International Airport as the surviving entity taking over rights, obligations and contracts of SE Kaunas Airport and SE Palanga International Airport. […]
Economy
Agreement on Rail Baltica – too little to be joyful about?
The three Baltic States reached consensus on the inclusion of Vilnius into the European rail gauge Rail Baltica 2 but it does not yet guarantee that it will be implemented or that European funds will be available for the project. Professor and economist Ramūnas Vilpišauskas says that the current wording implies that the issue is simply postponed until a later date. […]