Economy
Economy
Economy
Poland plans to boost shipments by Lithuanian railways – Skvernelis
Poland plans to boost railway shipments from Orlen‘s crude refinery in Mažeikiai, in northwestern Lithuania, to Poland, Prime Minister Saulius Skvernelis said on Wednesday. […]
Economy
Fintech in Lithuania: can we take the leading position already?
Lithuania’s image on the international scene is promising: in 2017 alone, 35 fintech companies were established here, and a few weeks ago the 16+1 Heads of Government of China and the countries of Central and Eastern Europe agreed to set up a financial technology coordination centre and organise a high-level fintech conference in 2019. […]
Economy
Proposed measures to discourage smoking shouldn’t ruin producers – PM
The Lithuanian Health Ministry’s proposals aimed at discouraging smoking should not ruin manufacturers, Prime Minister Saulius Skvernelis said on Tuesday. […]
Economy
Vilnius to invest EUR 39 mln into public transport, to buy electric, hybrid buses
Vilnius authorities plan to invest another 38.5 million euros for upgrading the public transport system and by 135 new buses. The Lithuanian capital will purchase electric and hybrid buses for the first time. […]
Economy
Lithuania has no plans to build new airport yet, transmin says
Lithuania has no plans to build a new airport as it would be too expensive, the country’s Transport Minister Rokas Masiulis says. […]
Economy
Vilnius posts 8 pct growth to 0.53 mln in H1 tourist numbers
The Lithuanian capital saw the number of visitors rise by 8 percent in the first half of 2018 from a year earlier and the total number of overnight stays grow by 6.5 percent to almost a million, Go Vilnius, the city’s tourism and business development and agency, said. […]
Economy
Tripartite Council postpones decision on raising minimum wage
Lithuania’s Tripartite Council, uniting the government, some employers and trade unions, on Monday failed to agree on increasing the minimum monthly wage as of next year. […]
Economy
Govt in bid to cut Lithuanian Railway’s passenger losses
Lithuania’s government is taking measures to cut state-run railway company Lietuvos Geležinkeliai‘s (Lithuanian Railways) losses linked to the transportation of passengers, set to reach around 34 million euros this year. […]
Economy
Tripartite Council to resume discussion on raising minimum wage
Lithuania’s Tripartite Council, which brings together representatives of the government, some employers and trade unions, on Monday is to resume discussion on raising the minimum monthly wage next January. […]
Economy
Plain packaging proved ineffective, tobacco producers say
Tobacco producers criticize plans to introduce more restrictions in Lithuania, announced by the Ministry of Health, and say the government fails to evaluate their implementation. Moreover, some of the proposals have proved ineffective in the world. […]
Economy
Economy minister sees labor immigrants as good sign for Lithuania
Economy Minister Virginijus Sinkevičius believes that Lithuania benefits from labor immigration, saying that Ukrainians and other foreigners who come to work to the country are not driving down local wages. […]
Economy
Finland’s preclinical research co Experimentica sets up subsidiary in Lithuania
Experimentica, seen as one of Finland’s most promising innovative companies, has established a subsidiary in Lithuania, where it plans to conduct tests with rodents and use the results in the development of medicines. […]
Economy
PM says a VAT cut must benefit consumers
Lithuanian Prime Minister Saulius Skvernelis said on Wednesday that he does not rule out cutting the VAT rate for basic food products, but added that any such proposal must benefit consumers, not just retailers. […]
Economy
HELLA officially started their production in Kaunas Free Economic Zone: the first shipment for customers was prepared in record time
German giant HELLA announced about the construction of its plant at the Kaunas Free Economic Zone just 10 months ago. Now, it can already celebrate its first shipment and the team of almost seventy employees, which managed to implement the most optimistic start-up plan for HELLA Lithuania in record time, a press release from the Kaunas FEZ states. […]
Economy
Lithuanian retailers say open to contract checks, doubt about new market player
Lithuanian retailers say they are open to the government’s intention to more closely check retail chains’ contracts with suppliers. […]
Economy
Economy
PM vows to make efforts to boost competition in retail market
Lithuanian Prime Minister Saulius Skvernelis says that his government will make efforts to increase competition in the retail market now dominated by big chains. […]
Economy
Lithuanian retailers, trade unions tentatively agree to days off on Christmas, Easter
Retailers and trade unions tentatively agree to large retail chains being closed on two days a year, on Christmas Day and Easter Sunday, but there are no discussions about not working on other Sundays, Social Security and Labor Minister Linas Kukuraitis said on Monday. […]
Economy
Turkish currency crisis: cheaper goods for consumers, more risks for large businesses
The recent significant drop in the value of the Turkish lira promises cheaper goods for consumers in Lithuania but brings in more risks for Lithuanian businesses exporting to this Middle Eastern country, analysts say. […]