Economy
Over 2,500 Ukrainian construction workers work in Lithuania – association
As Lithuanian construction companies are experiencing a growing lack of qualified specialists, vacant job are more and more often filled by Ukrainians. […]
Economy
Economy
Probe in Lithuania finds no “drastic” EU differences in prices of non-food goods
A price comparison probe by Lithuania’s Justice Ministry and the State Consumer Rights Protection Authority (SCRPA) has found no “drastic” differences in the prices of non-food goods in Lithuania and other EU countries. […]
Economy
Innovation development is impeded by sluggish cooperation between science and business
This May, the annual analysis of Lithuanian innovation development prepared by the Agency for Science, Innovation and Technology (MITA) showed the necessity of changes in the innovation ecosystem. According to the analysis, without taking more decisive actions a number of country indicators, projected for 2020, may not be met, a press release from Kaunas Science and Technology Park states. […]
Economy
Horror is what Lithuanian bitcoin enthusiasts seem to be after
A new study shows that horror movies are among the biggest passions of Lithuanian cryptocurrency-lovers. But it doesn’t at all paint their lives in gloomy colors as upon leaving the cinema they are also into night clubbing, sports and TV shows, a press release from Luno states. […]
Economy
After beating the drought, the Lithuanian carrot and onion harvest has reached the store shelves
Despite the hot and dry summer that made growing carrots and onions more difficult, fresh Lithuanian vegetables have already reached the store shelves. According to the data from Maxima’s market researchers, Lithuanian onions were available in supermarkets a week earlier than last year, and carrots just a week later. Retailers have noticed that buyers are especially fond of fresh vegetables grown in Lithuania, which they buy plentifully as soon as they arrive on the shelves. According to data from the largest national trading network, the demand for Lithuanian carrots and onions has grown by one third in the past year, a press release from the Maxima retail chain states. […]
Economy
The first IKEA store in Latvia opens on 30 August
IKEA, the Swedish home furnishing retailer, will open the first store in Latvia on 30 August. The store is located on the very edge of Riga (Biķeru Street 2, Dreiliņi, Stopiņu Municipality). It will be the biggest IKEA store in the Baltics. Total size: 34.5 thousand square metres and offering visitors more than 8000 different Swedish design home furnishing items at a price affordable for the many, a press release from the company states. […]
Economy
OECD review on corporate governance in Lithuania: praise and recommendations
The Organisation for Economic Cooperation and Development (OECD) has published a review of corporate governance in Lithuania, in which Lithuania’s capacities, reform efforts and willingness to adopt the OECD standards and principles have been positively assessed. In the review, the OECD also made recommendations on how Lithuania could continue to improve this area in the future, a press release from the Ministry of Economy states. […]
Economy
Most popular flight destinations in Lithuania: Vilnius – Riga and Paris – Moscow transit flight
The most popular flight destination in July was Vilnius – Riga, while the most popular transit flight destination over the Lithuanian territory was Paris – Moscow. Over the second month of this summer, most flights in the Lithuanian airspace were carried out by a Finnish airline, a press release from Oro Navigacija states. […]
Economy
Brewers are happy about the hot summer and notice the new trends
Extremely hot summer and shorter sales time of alcohol in shops are changing Lithuanian consumers’ habits. So far, most people, who were buying alcoholic beverages in supermarkets are turning to bars and cafes. The owners of the bars are counting up to one third of the increased sales due to the changed trend, while the brewers say that sales of such beverages as non-alcoholic beer or soft drinks are also rising, a press release from Carlsberg states. […]
Economy
Holiday travel by air: incidents of luggage damage increase by one third
According to insurers, the number of claims due to delayed, lost or damaged luggage grew by one third during the past six months, a press release from Gjensidige states. […]
Economy
Lithuanian hotels expect additional profit from papal visit – media
Lithuanian hotels and other accommodation establishments expect additional profit from the upcoming visit of Pope Francis as the flow of tourists usually drops in fall, the Lietuvos Rytas daily writes. […]
Economy
Lithuanian Railways to start rebuilding Renge section soon
Lithuania’s state-run railway company Lietuvos Geležinkeliai (Lithuanian Railways) will soon start rebuilding the Mažeikiai-Renge railway section dismantled a decade ago. […]
Economy
Inflation behind rise in people living below poverty line in Lithuania – expert
Inflation and related growth in living standards were behind a rise in people living below the at-risk-of-poverty threshold in Lithuania last year, economist Gitanas Nausėda, an adviser to the SEB bank’s president, told BNS Lithuania. […]
Economy
Fitch Ratings upgraded Lithuania’s credit rating outlook to “Positive”
Lithuania’s long-term rating outlook from “stable” became “positive”. It has been upgraded by the international credit ratings agency Fitch Ratings after the positive assessment of the fiscal policy pursued by the country. Currently, long-term and short-term credit ratings affirmed by the agency (A- and F1) remain unchanged, a press release from the Ministry of Finance states. […]
Economy
Tougher competition should stop rising prices, PM says
Rising prices in Lithuania could be taken under control by tougher competition in the retail sector which is now lacking it, Prime Minister Saulius Skvernelis says. […]
Economy
Over fifth of people in Lithuania live below poverty line
Around 650,000 people, or 22.9 percent, lived below the at-risk-of-poverty threshold in Lithuania last year, up 1 percentage point, the latest figures from Statistics Lithuania show. […]
Economy
Lithuanian Airports launches search for London City flight carrier
Lietuvos Oro Uostai (Lithuanian Airports), Lithuania’s state-run operator of the country’s three airports, has launched a search for an airline to operate business flights from Vilnius to London City Airport. […]
Economy
The car fleet is getting younger and more expensive
According to statistics by the company Mokilizingas, for the first six months of this year the average loan for hire purchase cars grew by almost 5% when compared with last year – from 2631 EUR to 2748 EUR. Usually car loans are taken out by men 18 – 30 years of age, who are living in cities, a press release from the company states. […]
Economy
“G-Spot of Europe” ad campaign gets 900 foreign publications, Go Vilnius head says
The Lithuanian capitals’ new “the G-Spot of Europe” advertising campaign has already received over 900 foreign publications, Inga Romanovskienė, head of the municipal business development and tourism agency, Go Vilnius, says. […]
Economy
Former Estonian PM Rõivas: Vilnius Blockchain Centre spreads beyond geographical location of Lithuania
Former Prime Minister of Estonia Taavi Rõivas to the Lithuania Tribune (EN.DELFI) about the future of blockchain technology, about cooperation between Lithuania and Estonian in blockchain, what Estonian could learn from Lithuania and vice versa. We also spoke about 2030, yes, the future. […]