Economy
Economy
Economy
What are world governments doing with blockchain technology?
World government officials and private stakeholders met at the European Parliament in Brussels on the 24th May 2018 to discuss blockchain initiatives being undertaken in Australia, Canada, Japan, Lithuania and the United States, a press release from Blockchain Centre Vilnius states. […]
Economy
Lithuania has chances to secure more EU funding in post-2020 budget – PM
Prime Minister Saulius Skvernelis says that Lithuania has chances to secure more funding in the EU‘s post-2020 budget, but much will depend on further negotiations. […]
Economy
Government’s tax plan aimed at increasing income for low, middle earners – finmin
A three-year tax overhaul plan, proposed by the Lithuanian government is aimed at increasing income for low and middle earners, as well as stepping up fight with shadow economy, Finance Minister Vilius Šapoka says. […]
Economy
Lithuanian govt was under pressure to impose blanket property tax – PM
Lithuanian Prime Minister Saulius Skvernelis says that his government experienced pressure to introduce a blanket tax on real estate, describing its current proposal as a compromise. […]
Economy
Lithuanian c. bank says developing digital collector coin ‘possible’
The Bank of Lithuania says that last weekend’s hackathon showed that it is possible to develop a digital collector coin. […]
Economy
Lithuanian central bank says increase in retirement age ‘inevitable’
As Lithuania’s population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on Friday. […]
Economy
No gas price changes for Lithuanian residents expected
Gas prices for Lithuanian residents should not change as of July. The country’s National Commission for Energy Control and Prices is expected to decide on Thursday on the prices of gas supplied by Lietuvos Dujų Tiekimas. […]
Economy
Learn about cryptocurrencies, ICOs, and token economics for free at this summer’s blockchain unconference
This July 15th to 22nd, hundreds of entrepreneurs, business leaders, and crypto pioneers will arrive at the Vilnius Grand Resort, Lithuania for seven days of workshops, case studies, and panel discussions on the future of blockchain, a press release from the Pillar Project states. […]
Economy
Vilnius posts 7.5 pct growth in Q1 tourist arrivals, German tourist numbers soar 40 pct
Vilnius posted a 7.5 percent year-on-year growth in tourist arrivals for the first quarter of 2018, with the number of German visitors alone soaring by over 40 percent. […]
Economy
Lithuanian agrimin: China, 16 CEE countries seek to accelerate trade
Lithuanian Agriculture Minister Giedrius Surplys says that China and 16 Central and Eastern European countries will seek to accelerate mutual trade. […]
Economy
Lithuania backs EU proposals to step up cooperation in countering VAT fraud – finmin
Lithuania supports measures that are currently being discuss in the European Union to improve cooperation in countering VAT fraud, Finance Minister Vilius Šapoka said on Friday. […]
Economy
Over EUR 2 mln spent on advertizing Lithuania’s 100th anniversary events
The state allocated around 2.1 million euros for advertizing events to mark the 100th anniversary of the restoration of Lithuania’s statehood in the first quarter of this year, figures submitted to BNS Lithuania by the Kantar TNS market researcher show. […]
Economy
Work-related immigration in Lithuania more than doubles
The number of foreigners coming to Lithuania to work has more than doubled this year, new figures show, amid the government’s plans to introduce restrictions on work-related immigration. […]
Economy
Lithuania moving fast forward to becoming a cashless society
A future without cash was the subject of the Swedish-Lithuania Business Forum on Thursday in Vilnius. How to achieve that cashless society, the merits and some of the challenges was the main subject of presentations and panel discussions. Sweden gives us a closer look as to how the cashless future is shaping up. […]
CORPORATE
Danske Bank withdrawal from Lithuania: what local customers need to know
Danske Bank Group announced that it is stopping onboarding new local customers in Lithuania and plans to exit from serving local business and private banking customers. Although it was announced that it means no immediate changes for current local customers, customers are free to look for other banking services. […]
Economy
Lithuania can’t become a country for cheap labor imports – PM
Lithuanian Prime Minister Saulius Skvernelis says that the government’s planned quotas for unskilled workers from third countries will ensure that the country’s job market is not flooded with cheap labor. […]
Economy
Economy
Economy
PM, Telia Company CEO to discuss investment environment
Lithuanian Prime Minister Saulius Skvernelis is on Wednesday meeting with Johan Dennelind, CEO of Swedish telecommunications company Telia Company operating Lithuanian mobile phone, TV and internet services company Telia Lietuva. […]