Economy
Lithuania’s 2019 budget to get around EUR 200 mln “out of shadow”, finmin says
Lithuania’s government plans to collect around 200 million euros in revenue from the shadow economy next year, the finance minister says. […]
Economy
Economy
SPA restructuring should not affect tourists’ plans – Lithuania’s Tourism Department
Lithuanian charter airline Small Planet Airlines’ decision to restructure its main company in Lithuania should not affect tourists’ plans, the country’s Tourism Department says as tour operators working with this air company have alternatives. […]
Economy
Lithuania’s Klaipėda introduces ship traffic restrictions due to strong winds
Lithuania’s Port of Klaipėda has put ship traffic restrictions in place due to strong winds, its spokeswoman Dovilė Ringis said. […]
Economy
Lithuania to incur EUR 200,000 medicine registration burden after Brexit
Lithuania will incur an additional burden related to the registration of medicines after Great Britain leaves the European Union. […]
Economy
Lithuania gets EUR 1.6 mln in EU finding to promote mead, sparkling wine in China, US
Lithuania has received 1.6 million euros in funding from the European Union for the promotion of Lithuanian mead and sparkling wine in China and the United States as the EU wants to promote European food products in Europe and the world. […]
Economy
Lithuanian food watchdog receives four complaints over needles in food
Lithuania’s State Food and Veterinary Service has received four complaints over this week on needles found in foodstuffs. […]
Economy
In response to criticism over pension cuts, Šimonytė tells Ušackas he was in same Cabinet
In response to criticism from Vygaudas Ušackas over pension cuts, Ingrida Šimonytė reminded her opponent in a presidential primary debate that they both served as ministers in Prime Minister Andrius Kubilius‘ 2008-2012 government. […]
Economy
Lithuania will have more business financing alternatives
Lithuania creates one of the most favourable conditions in the European Union for the activities of the investment funds. The Government approved draft laws regulating the activities of collective investment undertakings (CIUs) aimed to reduce the administrative burden on investment funds and to create more favourable conditions for their activities, and, therefore – more business financing alternatives and investment opportunities in our country, a press release from the Lithuanian Finance Ministry states. […]
Economy
Belarus’ road repairs may cause traffic restrictions at Lithuania’s Medininkai checkpoint
The Lithuanian State Border Guard Service (VSAT) has warned of possible temporary traffic restrictions at the Medininkai checkpoint on Thursday and Friday due to road repairs in Belarus on the other side of the border. […]
Cyber security
Money laundering story casts shadow on whole Baltic banking sector – Lithuanian c.banker
The recent money laundering story involving banks operating in the Baltic states has a negative impact on the reputation of the whole region’s banking sector, says Vitas Vasiliauskas, board chairman of the Bank of Lithuania. […]
Economy
State reserve to stand at EUR 1.5b late next year, Lithuanian fimin says
Lithuanian economy will slow slightly next year but the country will have an accumulated reserve of 1.5 billion euros late next year to be used in times of financial difficulties, Finance Minister Vilius Šapoka says. […]
Economy
Lithuanian govt backs 2019 budget bill
Lithuania’s government on Tuesday backed the bill on the 2019 state and municipal budget with a 0.4 percent GDP of public finances. […]
Economy
Lithuania’s draft 2019 budget projects higher revenue and expenditure
Lithuania’s draft 2019 budget projects higher revenue and expenditures and a larger deficit than this year’s plan. […]
Economy
Economy
Varle.lt’s cryptocurrency payments volume grows by more than 1,200 percent
More and more people are becoming familiar with and are acquiring bitcoins from their friends or acquaintances, while speculating on the stock exchange, through mining or performing other tasks or operations on the internet or otherwise. In fact, the process of earning money would not get people hooked if they did not have the opportunity to spend them. The first bitcoin owners did not have the freedom of choice when it came to using bitcoins as money but today there are much more opportunities to do so, a press release from varle.lt states. […]
Economy
Estonia’s SK ID Solutions plans to set up unit in Vilnius
Estonia’s authentication and electronic signature solutions company SK ID Solutions is setting up a unit in Vilnius amid signals that regulatory changes might be in the pipeline in Lithuania, the business daily Verslo Žinios reported on Thursday. […]
Economy
IT labour market: most in-demand professionals revealed
There are more than a dozen different jobs in the IT sector and a future professional is faced with a rather difficult task of selecting a desirable job. People with sufficient amount of knowledge and experience in this field can easily find a well-paid job with different benefits in the most attractive companies in Lithuania. Staff experts believe that they will continue to enjoy the great prospects, but also note that only those willing and ready to put effort will reach their career heights, a press release from Forbis states. […]
Economy
How to grow a Lithuanian unicorn?
There are numerous startups, which already attracted impressive amounts of investments. Unfortunately, no Lithuanian startup has grown to the “unicorn” – a young business valued at more than a billion-dollars. Israeli web development platform Wix.com director in Lithuania Monika Laukaitė has an idea of how to grow a Lithuanian unicorn. […]
Economy
Ten percent increase in flight number. Measures for enhancing the airspace capacity under consideration
During the nine months of this year, air traffic controllers handled 204.2 thousand flights in the Lithuanian airspace, i.e. by 10 per cent more flights, compared to the same period last year. Overflights accounted for three fourths (155 thousand) of the total number of flights. Compared to the same period last year, the number of overflights increased by 9.7 per cent. Taking into account the considerable growth of flight number, Oro Navigacija is considering measures for enhancing the airspace capacity, a press release from the state enterprise states. […]
Economy
Smart Energy Fund Invests EUR 250 Thousand into Lithuanian PVcase
Smart Energy Fund powered by Lietuvos Energija, managed by Contrarian Ventures invests EUR 250 thousand into the Lithuanian PVcase that will automate the designing of solar power plants. It is expected that the technology developed by the start-up will enable to significantly shorten up some designing stages of solar power plants and this way reduce designing expenses even more, a press release from Lietuvos Energija states. […]