Economy
Economy
Economy
First Clarion hotel to be opened in Vilnius
International hotel chain Clarion plans to settle in a building being developed by investment company Lords LB Asset Management in central Vilnius, Lords LB Asset Management spokesman Justas Vaitkevičius confirmed it to BNS Lithuania. […]
Economy
Merger between RIMI and IKI rejected: lessons learned
At the end of 2016 Rimi Lietuva, JSC (brand – RIMI) disclosed its strategic plan to acquire full control of Palink, JSC (brand – IKI) creating the biggest network of retail market centres (stores) in Lithuania, however becoming the second player by measured turnover in retail after Maxima LT, JSC (brand – Maxima) ahead. […]
Economy
Explainable AI, Ethics and Regulation: enabling people to understand, trust and effectively manage it
The limits of AI systems, their inability to explain actions and results to human users and the responsibility we all need to consider: how these powerful things we are building will be used as the work we now do in AI is the foundation upon which future generations will interact with technologies. […]
Economy
Lithuania could become one of fintech leaders – Wilson
Safety should be first when developing latest technologies, Steven Wilson, the head of Europol’s European Cybercrime Center, said in Vilnius on Tuesday. He expressed certitude that Lithuania could become one of the leaders in the field of fintech. […]
Economy
Lithuanian economists, trade unions cautiously welcome tax reform plans
Lithuanian economists and trade union officials say that the government’s planned tax and pension system reform unveiled on Monday will lead to a rise in wages, but will not help to drastically curb emigration. […]
Economy
Government set to recover EUR 200 mln from shadow in 2019
Lithuania’s government plans to recover 200 million euros from the shadow next year in an effort to reduce the scope of shadow economy, Prime Minister Saulius Skvernelis siad on Monday. […]
Economy
Economy
FlexStart investment of 3.3 million Eur approved by Klaipėda Free Economic Zone board
The Klaipėda FEZ board has just approved investment for the exciting new 3.3 million FlexStart project in Lithuania. FlexStart will be a ready to use purpose built manufacturing and administrative complex that will give businesses the ability to have their operations up and running in only 3 months, a Klaipėda FEZ press release states. […]
Economy
Lithuanian c. bank initiates dialogue on cryptocurrencies
The Lithuanian central bank has initiated a dialog between commercial banks and virtual currency traders on their attitudes toward cryptocurrencies. […]
Economy
Government to unveil ‘unprecedented’ measures against shadow economy – finmin
The Lithuanian government will next week unveil “unprecedented” measures to counter the shadow economy, Finance Minister Vilius Šapoka said on Thursday. […]
Economy
Oro navigacija on flight operations in the Mediterranean region
This morning Oro navigacija has received an alert notification issued by the European Aviation Safety Agency (EASA), saying that due to possible air strikes into Syria, airlines operating flights in the Mediterranean Sea Region might be obliged to take appropriate measures and change their planned air routes Oro navigacija said in a press release. […]
Economy
PM expects average monthly salary to reach EUR 1,000 next year
The average monthly salary in Lithuania may reach the 1,000-euro mark next year, Prime Minister Saulius Skvernelis said on Tuesday. […]
Economy
Lithuania to issue green bonds
Lithuania’s government on Monday decided to issue green bonds on the domestic market, with the first issue worth 68 million euros to be launched in late April. […]
Economy
Lithuania finalizes OECD membership talks
Lithuania on Monday officially finalized its membership talks with the Organization for Economic Cooperation and Development (OECD). […]
Economy
Lithuania’s Klaipėda port doesn’t fear competition of Kaliningrad cruise terminal
Lithuania’s Klaipėda port does not fear possible competition after opening of a new cruise terminal in the Russian Kaliningrad port in 2020. […]
Economy
Child money paid to 156,000 more children than via tax deduction – MP
The direct payments that replaced tax deductions to parents from January reached 156,000 more children, says MP Tomas Tomilinas, deputy chairman of the parliamentary Social Affairs and Labor Committee. […]
Economy
Lithuania should encourage participation in 2nd-pillar pension scheme – finance minister
Participation in the 2nd pillar of the pension scheme should be further encouraged, says Lithuania’s Finance Minister Vilius Šapoka, citing payments made by employees and employers and the possibility redeem part of the income tax. […]
Economy
Declaration between Lithuanian govt, Orlen stipulates modernization, jobs, PSO tariffs
The declaration signed between the Lithuanian government and the Polish oil concern Orlen on Tuesday envisages the Polish company’s investments in the Mažeikiai oil refinery and the same number of jobs, while the government should reconsider Public Service Obligation (PSO) tariffs for the company and examine the possibility of building a pipeline to Klaipeda. […]
Economy
Lithuanian government signs cooperation declaration with Poland’s Orlen
Lithuania’s government and Poland’s oil concern Orlen signed a cooperation declaration in Vilnius on Tuesday, Prime Minister Saulius Skvernelis said. […]