A proposal to increase the minimum wage by 20 euros to 420 euros next year has reached Lithuania’s Tripartite Council which is set to make the decision later. […]
Lithuania’s new Agriculture Minister Giedrius Surplys, sworn in on Tuesday, believes the country will be able to negotiate larger direct payments to Lithuanian farmers during negotiations with other EU member states than the European Commission proposes. […]
The European Commission‘s proposal to increase direct payments to Lithuanian farmers from 60 to 80 percent of the EU average is insufficient, Rolandas Taraškevičius, an advisor to Lithuania’s agriculture minister, says. […]
Under the European Commission‘s proposal, direct payments to Lithuanian farmers would reach only 80 percent of the EU‘s average level within the next decade, Lithuanian diplomats say. […]
With Lithuania’s Tripartite Council set to discuss an increase in the minimum monthly wage on Tuesday, Prime Minister Saulius Skvernelis would not say by how much it could be raised in early 2019. […]
Go Vilnius, the official development agency for the City of Vilnius, Lithuania, has today opened its application process for an all expenses paid trip for international businesses to boost employee productivity, a press release from the agency states. […]
Thirty-one percent of businesses in Vilnius and 19 percent in Kaunas did not participate in a public procurement procedure because they though that the public tender was tailored for a particular company, a survey by Transparency International Lithuanian Chapter (TI Lithuania) has shown. […]
Shares of Šiaulių Bankas were in focus on the Nasdaq Vilnius stock exchange on Thursday. with stock worth over 100.000 euros changing hands. […]
Membership in the Organization for Economic Cooperation and Development (OECD) will cost Lithuania 2.5-3.5 million euros a year. […]
Lithuanians seeking healthy baked goods and true butter croissants will soon feel changes in the baked goods market. The Slovakian and Czech market leader, which supplies its goods across Central Europe, is now in Lithuania. Ambropek offers its exceptional quality assortment at the recently opened bakery in Kaunas, Vytautas avenue 47, according to a press release from Nexus Operations. […]
Representatives of member countries of the Organization for Economic Cooperation and Development (OECD) are expected to announce on Thursday their decision to admit Lithuania into the organization. […]
The European Commission‘s proposed cuts to agricultural and regional development funding in the next budget period are not drastic, but it remains to be seen how they will affect Lithuania’s public finances, Deputy Finance Minister Miglė Tuskienė said on Wednesday. […]
Fast-growing financial services consultancy Catalyst Development Ltd has announced a record year. Between April 2017 and March 2018 [FY18], Catalyst substantially grew its investment base, services, markets, clients, staff and profitability. Since October 2017 alone, Catalyst has achieved a record increase in organic growth and client delivery, tripled its staff numbers, acquired a market-leading asset and wealth consultancy with an offshore base in Jersey and been named as one of the UK’s top 50 Best WorkplacesTM. Today, the firm is announcing the opening of a new nearshore consultancy hub in Vilnius, in partnership with Invest Lithuania, to allow it to further scale its services to clients across all European financial centres, a Catalyst Development press release states. […]
Lithuania’s gross domestic product grew 3.5 percent in the first quarter from the same period last year on a seasonally and work-day adjusted basis to 9.825 billion euros, calculated on the period’s prices. […]
Nerijus Numavičius, a UK-based investor and entrepreneur, has introduced his convenience store Haute Spot to the British consumers. The first store opened this weekend in Watford and is set to cater to the dynamic lifestyle of the locals. In addition to the essential groceries, Haute Spot will also serve hot and freshly prepared food, and coffee. Should this convenience store format prove successful, Haute Spot would become a chain and expand, including into Commonwealth and European countries. […]
Investment company Lewben Investment Management has failed in its attempt to appeal against an unfavorable ruling by a government commission in Lithuania regarding a transaction involving the Verslo Trikampis office complex. […]
During the first quarter of this year, the total number of flights in the Lithuanian airspace handled by air traffic controllers made up 54.4 thousand and was higher by 9.5% than in the same period last year. Transit flights made up three quarters of this number: air traffic controllers provided services to 40.8 thousand aircraft overflying the Lithuanian airspace, according to a press release issued by Oro Navigacija. […]
The scale of corruption has barely changed in Lithuania in recent years, and Lithuania ranked 22nd among 55 countries in terms of corruption, according to the latest EY Global Fraud Survey. […]
President Dalia Grybauskaitė accompanied by Crown Princess Mette-Marit of Norway and Crown Prince Haakon of Norway opened with plenty of splendour the Norwegian-Lithuanian Business Forum. About 250 are attending the annual Forum Forum in Vilnius’s Kempinski Hotel. They were joined by a delegation of Norwegian 20 companies that are accompanying the Norwegian royal couple. […]
Antanas Guoga tells us why he is betting big on blockchain technologies. The Lithuanian EPP group deputy knows a winner when he sees one, and he is very excited by the opportunities that blockchain technologies can offer. He finds the technology “fascinating”. […]
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