Lietuvos energija
Economy

In 2016 the state-owned enterprises were more profitable than a year ago

The 2016 annual report on the performance of the state-owned enterprises (SOEs), prepared by the Governance Coordination Centre, presents an overview of the 2016 aggregate financial results of Lithuanian SOEs as well as, based on the information provided by the enterprises, discloses the performance of their special obligations and the information on the remuneration of the executives, Governance Coordination Centre reported in a press release. […]

Harvesting in Lithuania
Economy

Lithuania turns to EC for compensation to farmers

After declaring nationwide emergency situation over heavy rains, the Lithuanian government on Thursday turned to the European Commission (EC) with a request to compensate damages incurred by farmers due to heavy rains. […]

Food shop in Lithuania
Economy

Lithuanian innovation will facilitate processes in the food and beverage market

The Correling labelling platform for food products and beverages is launching a smart solution for business that offers significant savings in both time and money. To meet specific business needs, the platform offers a free label development function which offers a completely professional translation and verification service. […]

Rokas Masiulis
Economy

Lithuania’s Transport Min pledges to defend natl interests by legal instruments

After the European Commission (EC) on Monday imposed a fine of nearly 28 million euros for the state-run company Lietuvos Geležinkeliai (Lithuanian Railways, LG), Transport and Communications Minister Rokas Masiulis said every legal instrument would be applied to defend the country’s interests in the case. […]

Igor Tsyapa Technoforce CEO, Gintarė Narkevičiūtė Nexus Operations CEO
Economy

Lithuanian company became official supporter of Ukraine‘s business

Uncertainty and repression do not need to follow every interaction between two independent countries. Great communication and partnership are possible, if both parties are willing to put work into the better future. One of the latest examples of a thoughtful and organized international relations management is the agreement between two leading companies from Ukraine and Lithuania. Lithuanian company Nexus Operations, Ltd. became official international representative of Ukraine‘s innovator Technoforce. […]

The products that were  checked
Economy

Seimas may set up ad-hoc commission over dual food quality

Lawmakers of the ruling Lithuanian Farmers and Greens Union (LFGU) are initiating an ad-hoc parliamentary inquiry commission to look into why food products sold in Lithuania differ from the same branded goods sold in other EU countries. […]