Economy Archives - Page 38 of 144 - the Lithuania Tribune

Ambassador of the Czech Republic to Lithuania, Bohumil introduces the speakers at the EBN HR presentation Photo © Ludo Segers @ The Lithuania Tribune

Lithuania’s shrinking working population and the war for talent

December 4, 2017 Ludo Segers and Justinas Suliokas 0

When it comes to the labour market in Lithuania, now the employees are calling the shots, while most employers need to compete to attract and retain talent. In the sellers’ market, employers should not approach hiring like courting – instead of trying to find Mr or Ms Perfect, they should settle with an acceptable candidate and then invest into developing them into a perfect fit for the company, is the advise offered by recruiting specialists from Lithuania’s biggest recruitment and HR agency at their monthly EBN business breakfast. […]

Nobel Prize in Economics, Professor Robert Shiller Photo © Ludo Segers @ The Lithuania Tribune

Nobel Prize winner Shiller views dominate the Vilnius Fintech Conference

December 1, 2017 0

Nobel Prize winner and Yale Professor Robert Shiller overshadowed the entire Fintech Conference on Thursday in the Radisson Blue in Vilnius. More than 500 policy makers, academics and business representatives from Lithuania, the United States, Sweden and several other countries attended the conference addressing various future impacts on financial transactions in the Radisson Blue. […]

Government raising budget spending by EUR 55 million

November 30, 2017 BNS 0

Lithuania’s government has decided to raise the next year’s budget spending by 55 million euros, as compared with the initial project, to be able to raise salaries for doctors and public servants, as well as provide more social assistance to municipalities, says Prime Minister Saulius Skvernelis. […]

Professor Gunnar Eskeland speaking at the Norwegian Chamber of Commerce Energy Event Photo Marte Freihow Langeland

Lessons from Norway in a rapidly changing energy world

November 27, 2017 Ludo Segers 0

The Norwegian Embassy in Lithuania in cooperation with the Norwegian Chamber of Commerce hosted on Friday morning a presentation in the Comfort Hotel in Vilnius that allowed for a peek into the various parts that are transforming the energy puzzle. After opening remarks from Anne Sofie Bjelland, the Norwegian Chargé d’affaires, three specialists addressed innovation from very different angles and tackling very diverse aspects of changes affecting energy production and consumption. […]

Seimas discusses 2018 budget drafts, sends it back to cabinet

November 23, 2017 BNS 0

Seimas has completed the first hearing of the 2018 budget draft and sent it back to the cabinet, which will now have to take consideration of the proposals made by MPs and parliamentary committees. […]

Lithuanian government backs proposal to ban ‘warmongering’ goods

November 23, 2017 BNS 0

The Lithuanian government supports a proposal to ban by law the sale of goods designed to promote war and a positive attitude toward aggression against other states. […]

Lithuania’s 2018 draft budget meets fiscal discipline requirements – European Commission

November 22, 2017 BNS 0

Lithuania’s draft budget for 2018 complies with the fiscal requirements of the Stability and Growth Pact, the European Commission said on Wednesday. […]

No shift expected shortly in US trade policy with EU – Heritage Foundation analysts

November 15, 2017 BNS 0

The United States’ trade policy and possible negotiations on a free trade agreement with the European Union (EU) will not get in motion anytime soon, as they are not a key priority for the current US administration, say analysts of the US conservative public policy research centre Heritage Foundation. […]

PM says minimum wage to grow moderately, not to harm economy

November 14, 2017 BNS 0

Lithuanian Prime Minister Saulius Skvernelis says that the minimum wage will grow moderately next year and will not have an adverse effect on the country’s competitiveness. […]

Lithuanian energy minister promises to seek compromise on vetting strategic companies’ deals

November 14, 2017 BNS 0

Lithuanian Energy Minister Žygimantas Vaičiūnas says that a compromise satisfying all parties would be sought in parliamentary debates on proposals to obligate companies important for national security to notify authorities about large transactions. […]

IMF warns Lithuania that further minimum wage rise may harm competitiveness

November 13, 2017 BNS 0

An International Monetary Fund (IMF) mission that concluded its visit to Vilnius on Monday warned the Lithuanian government that further minimum wage increases may harm the country’s competitiveness. […]

Experiencing Kitron's top-notch facilities close up © Ludo Segers @ The Lithuania Tribune

Kaunas, Lithuania’s Industrial Innovation Capital

November 13, 2017 Ludo Segers 0

There is still a lot of industry in Kaunas. A closer look reveals that there is also a lot of innovation going on in and around the city. These were the findings of a large delegation of Danish, Finish, Norwegian, and Swedish Chamber of Commerce participants during last Friday’s visit to Lithuania’s central located industrial hub. […]

Lithuania’s Kaunas expects to attract Ukraine Intl Airlines to local airport – daily

November 13, 2017 BNS 0

After meeting with executives of Ukraine International Airlines last week, the Kaunas city municipality expects to have a route from its local airport to Kiev, Kauno Diena daily said on Monday. […]

Lithuania to raise public-sector salaries next year

November 10, 2017 BNS 0

The basic amount used for calculating public-sector salaries in Lithuania will likely be raised by 6.5 euros next year, but it will remain below the pre-crisis level. […]

Japan’s Hitachi closing office in Lithuania

November 9, 2017 BNS 0

Japan’s Hitachi, a corporation that was due to build the new Visaginas nuclear power plant in Lithuania, is closing down its mission established in the Baltic state nearly six years ago. […]

Fintech start-up Revolut applies to Bank of Lithuania for banking license

November 9, 2017 Lithuania Tribune 0

Revolut has announced this week that it has applied for a European Banking Licence and begun building its own in-house payment processor as the London-based fintech pursues its vision of building the first global banking app, Revolt wrote in a press release. […]

Germany’s Continental, Lithuania’s government sign agreement on EUR 95 mln investment

November 8, 2017 BNS 0

German automotive component giant Continental committed itself to investing 95 million euros in a new factory in Lithuania and the government pledged to assist the company and issue all the necessary permits in a timely manner under an agreement signed in Vilnius on Wednesday. […]

Finance Minister calls for coordinated global action to stop tax avoidance and evasion

November 7, 2017 BNS 0

The release of the so-called Paradise Papers, a global investigation revealing offshore activities of some of the world’s most powerful people and companies, has once again highlighted the need for coordinated global action to stop various tax schemes, Lithuanian Finance Minister Vilius Šapoka said. […]

Lithuania could extend list of foreigners hired through simplified procedure – PM

November 7, 2017 BNS 0

Lithuanian Prime Minister Saulius Skvernelis says that the government could extend the list of professions subject to simplified procedures for employing foreigners if a shortage of certain specialists emerged in the market, but he thinks that there is no need for facilitating entry into the country for all foreigners. […]

U2 leader Bono among owners of supermarket in Utena, Lithuania – news portal

November 6, 2017 BNS 0

Bono, the leader of the legendary Irish music bands U2, has been one of the largest investors in Utena, a city 100 km north of the Lithuanian capital Vilnius, for the past decade, 15min.lt news portal said. […]