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. […]
Economy
Economy
PM to meet Orlen execs to discuss modernization, PSO tariffs
Prime Minister Saulius Skvernelis is meeting on Tuesday in Vilnius with PKN Orlen CEO Daniel Obajtek and Michal Rudnicki, CEO of the Polish oil group’s Lithuanian unit Orlen Lietuva. […]
Economy
PM says tax reform aimed at increasing people’s income
Lithuanian Prime Minister Saulius Skvernelis says that the government’s proposed tax changes are primarily aimed at increasing people’s income. […]
Economy
Central Bank: National security threats regarding fintech under control
Risks in connection to investments in the rapidly growing sector of financial technologies, also known as fintech, are under control, and the licensing requirements remain high, the central Bank of Lithuania said on Monday. […]
Economy
Lithuanian policymakers and Nordic investors discuss investment climate: “Attracting investment more crucial than ever”
While Lithuania continues to make improvements to its investment climate, policy solutions are still needed to make it more attractive to foreign companies willing to invest and create jobs in the country. A discussion hosted at the Lithuanian parliament brought together Lithuanian policymakers, Nordic investors and business associations to talk about FDI, taxes and what it would take for Lithuania to move closer to its Northern European neighbours. […]
Economy
Lithuanian security expects to look at how secure financial technologies are
Lithuanian security experts will shortly start examining how secure fintech and blockchain technologies are, Deputy Defense Minister Edvinas Kerza said on Thursday. […]
Economy
Startup Visa has already brought 6 startups from abroad to Lithuania this year
Startup Visa – a new foreign talent attraction scheme, which was launched in Lithuania a year ago, has gathered pace this year – as many as 6 foreign startups started their activities during the first quarter, compared to the same number of startups established over nine months last year, a press release from Enterprise Lithuania states. […]
Economy
Economy
Foreign investors put forward 100 proposals to Lithuanian government
The Investors’ Forum, an association of foreign investors in Lithuania, has put forward 100 proposals to the government on how to improve the business environment in the country. […]
Economy
Lithuanian intelligence blocks Lewben co’s plans to buy buyer of office complex in Vilnius
Lithuanian intelligence has blocked plans by Lewben Investment Management to acquire a company planning to invest in Verslo Trikampis (Business Triangle), an office complex close to the parliament building in Vilnius. […]
Economy
Lithuania seeks to attract manufacturers of self-driving cars
After preparing a legal base and a rather advanced infrastructure, Lithuania is inviting world manufacturers of self-driving vehicles to try the new-generation cars in the country. Although there has been no interest so far, Lithuania is keeping up hope of seeing driverless vehicles on the country’s roads in the coming year. […]
Economy
Why Lithuanian companies are investing in Belgium
While Lithuania might claim to be the geographic centre of Europe, “Belgium is at the heart of European purchasing power,” according to Thomas Castrel, Economic Counsellor for Flanders. He and his Walloon counterpart Jean-Philippe Schklar explained to members and guests of the EBN’s monthly business breakfast what put Belgium in a unique position as an attractive destination for investment, including from Lithuanian businesses. […]
Economy
Foreign investors in Lithuania still face red tape but overall conditions good – president
Foreign investors in Lithuania are somewhat hampered by bureaucratic red tape, but overall conditions for them are good, President Dalia Grybauskaitė said on Friday. […]
Economy
Lithuania to raise salaries for doctors, teachers, increase child money – PM
In the presentation of the tasks for the parliament’s spring session on Saturday, Prime Minister Saulius Skvernelis accentuated the need to adopt the reform of public service, pledging to raise salaries for teachers and doctors along with child money. […]
Economy
Nordic production in Panevėžys and Biržai, old skills, bright future
Knitting, welding and metal bashing are probably not high on the list when most discuss the jobs of the future. Many, also, write off most economic activity outside the Vilnius-Kaunas-Klaipėda corridor. Those myths were quickly busted during a visit of a delegation of the Swedish, Norwegian and Danish Chamber of Commerce visiting Panevėžys and Biržai, last week. […]
Economy
Lithuania has to increase investment in human capital – European Commission
The European Commission identifies increasing investment in human capital and boosting productivity and labour supply as key challenges for Lithuania. […]
Economy
Taavi Rõivas joins Blockchain Centre Vilnius Board to help connect Estonian and Lithuanian blockchain stakeholders
Estonian digital politician and former Prime Minister Taavi Rõivas has joined the Board of Blockchain Centre Vilnius, which connects partner Blockchain Centres in Australia and Asia. Blockchain Centre Vilnius is a not-for-profit knowledge-hub curating and organising unique educational and networking events for the international blockchain community, whilst also serving as a co-working space and incubator for blockchain technology companies. […]
Economy
Lithuania joins warning of 7 north European countries on scope of euro zone reform
Lithuania and seven more countries in northern Europe on Tuesday warned against rushing with the ambitious integration of the euro zone in fields that are still lacking a unified position of European Union (EU) member-states. […]
Economy
Lithuanian central bank set to issue world’s 1st digital collector coin
The Bank of Lithuania is planning to issue this year the world’s first digital collector coin, to be designed using blockchain or similar technologies. […]
Economy
Lithuania expects to get OECD membership invitation in June – finance minister
Lithuania expect to receive in June an invitation to join the Organization for Economic Cooperation and Development (OECD), Finance Minister Vilius Šapoka said. […]