Lithuania formed a surplus 2018 state budget for the first time since regaining independence in 1990, says Finance Minister Vilius Šapoka, adding this is necessary amid fast economic development and the need to accumulate reserves for a rainy day. […]
Omar Mohout, Professor of Entrepreneurship at Antwerp Management School, in Belgium visited Lithuania last week to launch his most recent book, ‘From Idea to Product/Market Fit’. Professor Mohout’s new book, although geared to the IT world, is an outstanding inspirational tool as well as a checklist that belongs on the desk of every entrepreneur. […]
Global private equity firm Providence Equity Partners on Wednesday finalized the acquisition of the TV3 media group from Sweden’s concern Modern Times Group (MTG). […]
Lietuvos Geležinkeliai (Lithuanian Railways, LG) does not intend to deny the competition violation established by the European Commission (EC), however, intends to go to court over the size of the fine, says the country’s President Dalia Grybauskaitė. […]
Lietuvos Geležinkeliai (Lithuanian Railways, LG) intends to file an appeal against the European Commission‘s (EC) move to slap it with a fine of nearly 28 million euros for the 2008 removal of tracks from Mažeikiai to the Latvian city of Renge, Mantas Bartuška, CEO of the state-run company, stated on Wednesday. […]
Lithuania has submitted the 2018 budget draft to the European Commission (EC) and the euro group. Finance Minister Vilius Šapoka says the draft is in line with the national and European Union’s (EU) fiscal discipline rules. […]
13 October the regalia of honorary doctor of Kaunas University of Technology (KTU) were awarded to Professor Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, the international organisation, which is encouraging the collaboration between public and business organisations. Professor Klaus Schwab is the 45th Honorary Doctor of KTU. […]
With the National Agreement signed among the Lithuanian government, trade unions and employers on Monday features, the Cabinet made unilateral commitments to businesses, says presidential adviser Mindaugas Lingė, adding that businesses took on no major obligations. […]
Lithuania’s government, business representative and trade unions on Monday signed an agreement, declaring pledges to raise wages, cut taxes on labor and encourage collective contracts. […]
Lithuania’s capital should have two bus terminals, especially since the city is unable to force businessmen to manage the current station properly, Vilnius Mayor Remigijus Šimašius says. […]
Lithuania’s Prime Minister Saulius Skvernelis says that the government would earmark money for reconstruction of the Darius and Girėnas Stadium in the country’s second city Kaunas, however, refusing to give any figures. […]
Prime Minister Saulius Skvernelis is visiting Šiauliai, northern Lithuania on Friday, to see the development of the Swedish-capital company ROL Group. […]
A delegation headed by Lithuania’s Parliamentary Speaker Viktoras Pranckietis was forced to spend the night in Brussels after failing to fit in the airplane of Air Baltic airline. He was scheduled to return to Vilnius on Wednesday. […]
The long term editor of Delfi Monika Garbačiauskaitė-Budrienė has decided to relinquish the office of chief editor and focus on journalistic and creative work, the leadership of the Delfi editorial office is to go to the deputy chief editor and business news editor, also long term Delfi journalist Rasa Lukaitytė-Vnarauskienė. […]
Consultations are currently in progress on settlement of the dispute between Orlen Lietuva, a concern operated by Poland’s PKN Orlen, and Lietuvos Geležinkeliai (Lithuanian Railways, LG) after the European Commission imposed a large fine on the state-run railway company for removed tracks, Poland’s Ambassador to Lithuania Urszula Doroszewska said. […]
Lithuania should seek settlement with Poland over the dismantled railway tracks, as peaceful settlement would give an impetus to investments by Poland’s PKN Orlen concern in the utility in Mazeikiai, northern Lithuania, and facilitate the implementation of energy and transport projects, says Tomasz Furman, reviewer for the Polish daily Rzeczpospolita. […]
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