In response to high inflation and a tight labour market, the German-Baltic Chamber of Commerce (AHK) conducted a snapshot survey in January 2023 with around 460 members to identify salary increase trends, according to a […]
Noviti Finance, an alternative non-banking financier, will now provide business loans not only to small and medium-sized enterprises in Lithuania and Latvia but also in Poland. Polish small businesses will have access to business loans […]
Western optimism that sanctions on Russian goods will soon bring Russia to its knees has turned into months of waiting, but the aggressor’s economy has not collapsed, lrytas.lt portal reported. Summer and autumn have passed, […]
Lithuania’s high-tech company group, Teltonika, has signed a technology cooperation agreement with Taiwan’s Industrial Technology Research Institute (ITRI). The agreement, which is worth €14 million, will see ITRI share technologies with Teltonika that are designed […]
Inflation will likely be below 10% next year, and prices will not fall – they will continue to rise at a slower pace. Energy resources and fuels will no longer be such a hot topic, […]
As the holidays approach, people head to Poland to shop, and some plan to spend the New Year there too. In Poland, they say, both food and accommodation are cheaper. But, at the same time, […]
Some 699 Real Estate (RE) properties – this is the number of properties acquired by Russian citizens in Lithuania until the 15th of November this year. This figure is only a few dozen less than […]
On 17 November, we celebrate Social enterprise Day worldwide and in Lithuania. On this occasion, I would like to openly share my insights on the situation of social enterprise in Lithuania and why we need […]
Not everyone can live on their salary, so they are looking for extra jobs. Labour market experts say the popularity of additional jobs is growing but predict that their demand will increase even more in […]
Wage growth in Lithuania remains in double digits. According to Sodra, in the second quarter of this year, people’s incomes grew by 14%. However, this is almost seven per cent less than the rise in […]
Orbio World, a company that develops and sells wellness, household, and electronic products across almost the entire world, has acquired UAB Neorus, which operates Fraîcheur Paris. This brand is rapidly gaining popularity in the US, […]
There are reasons to be optimistic about Lithuania’s trade data for the first half of 2022. According to a press release, the government’s goal of diversifying export markets has not only proved successful but is […]
The sales of the second month of summer continue to display a holiday season in the real estate sector: in Vilnius, 118 sales of new apartments and terraced houses were agreed, and in Kaunas – […]
Despite the challenges posed by Russia’s war against Ukraine, Lithuania’s economy is showing resilience. The International Monetary Fund (IMF) predicts that economic growth will remain positive this year and is expected to reach 1.8%. Significant […]
The last month of spring offered some surprises on the real estate market. Buyers decided not to wait for the end of the war in Ukraine and in May, the sales volumes continued to grow […]
Despite rising inflation, the war in Ukraine, the impact of sanctions and a sharp increase in geopolitical uncertainty, Lithuania continues to see double-digit wage growth, rapid job creation and falling unemployment. Although the war in […]
More and more companies in Lithuania are concerned about the environmental impact of their operations. According to a survey conducted this spring by Norstat, a research company commissioned by the renewable energy company Green Genius, […]
Experts’ forecasts for the Lithuanian economy are far from optimistic. Economists say that rising inflation and Russia’s war in Ukraine will only further accelerate the rise in food prices and deglobalisation. The construction sector is […]
Which social class do you consider yourself to be? 1.3 million – more than half of all Lithuanians – feel middle class. That’s according to a survey conducted in February. However, a few years ago, […]
According to demographic researchers, Lithuania is already becoming a country of immigration. Although the number of people is growing and the war in Ukraine is changing the situation, job vacancies are not being filled. There […]
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