Economy
Farmers’ losses can’t be covered using govt’s reserve – PM
The Lithuanian government does not have enough money in its reserve to cover farmers’ losses due to heavy rainfall, Prime Minister Saulius Skvernelis said on Friday. […]
Economy
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. […]
Economy
Delay to allow original name-spelling already causing financial damage to Lithuania – PM
The parliament’s delay to allow non-Lithuanian characters in names in identification documents does not only burden people and courts but also causes financial damage to the state, says Prime Minister Saulius Skvernelis. […]
Economy
Minister of Agriculture: Farmers’ losses due to rain could reach EUR 40 mln
Preliminary losses incurred by Lithuania’s farmers due to heavy rains may total at about 40 million euros, says Agriculture Minister Bronius Markauskas, adding that part of the losses would be covered from the state reserve, with plans to apply for European support. […]
Economy
Government allows non-Lithuanians letters in company names
The Lithuanian government has backed a proposal to allow companies and organizations to register their names in all letters of the Latin alphabet, including those that do not exist in the Lithuanian alphabet. […]
Economy
Economy
Lithuania drops on World Economic Forum competition index
Lithuania declined six spots to 41st worldwide in terms of competition among 137 rated countries in the latest competitiveness report published by the World Economic Forum. […]
Economy
CEO, 3 board members of Vilniaus Vandenys stepping down
Aidas Ignatavičius, CEO of Lithuania’s biggest water supplier Vilniaus Vandenys operated by the capital city’s municipality, is stepping down from the position. […]
Economy
Government considers measures to help rain-hit farmers
The Lithuanian government is looking at how to best help farmers affected by heavy rainfall and flooded crops, Prime Minister Saulius Skvernelis said on Tuesday. […]
Economy
EBN celebrates 10-year anniversary by looking to the future
“Do robots have brothers or sisters? – No, only transistors.” A joke uttered by an actual robot, the friendly little guy Nao from Robotikos Akademija, underlined the point that robots today are endowed with many human-like faculties, including a sense of humour. […]
Economy
Government to set up special group to supervise Klaipeda port’s expansion
The government will establish a special working group to supervise the Klaipeda seaport’s expansion, a subject of disagreement between the port’s authority and the city of Klaipeda. […]
Economy
Trilateral Council okays raising minimum monthly salary to EUR 400
Minimum monthly salary will grow by 20 euros to 400 euros from the beginning of 2018, the Trilateral Council agreed. […]
Economy
Large-scale landscaping project starts in Lithuania’s Curonian Spit – daily
A large-scale landscaping project is getting underway in the Lithuanian part of the Curonian Spit this fall with plans to open up and form new spaces and remove woody vegetation from dunes on an area of almost 700 hectares over three years, the daily Lietuvos Zinios reported on Thursday. […]
Economy
Lithuanian watchdog moves to suspend Russian channel TVCI for 6 months
The Lithuanian Radio and Television Commission (LRTK) proposes to suspend the retransmission of the Russian television channel TVCI for six months over content inciting to war and hatred. […]
Economy
Government backs proposal to set up fund for covering tourists’ losses
The government on Wednesday gave the go-ahead for setting up a special fund for covering tourists’ losses due to tour operators’ insolvency, an idea that is not backed by tour operators, whose contributions are planned to be used to create a 4-million-euro reserve. […]
Economy
European Commission approves Nordea and DNB plans to enter into a merger in the Baltics
The European Commission approved unconditionally the creation of a joint venture between Nordea Bank AB and DNB Bank ASA, in the Baltic States. The Commission assessed the possible competitive effects of the merger on a number of distinct retail and corporate banking markets across the three Baltic countries and concluded that the merger would not raise competition concerns. […]
Economy
Parliament reintroduces 9% VAT on heating until 2018
Residents of Lithuania will have smaller heating bills between October and January, as the parliament reintroduced a 9 percent reduced rate of the value-added tax (VAT) on centralized heating. […]
Economy
Lithuania to seek uniform quality of food products throughout EU – Agriculture Minister
Lithuania will seek that multinational companies use the same recipes for food products sold under the same brand throughout the European Union after a study has shown that the composition of some food products available in German stores differs from those in Lithuanian stores, Agriculture Minister Bronius Markauskas said on Tuesday. […]
Economy
Wizz Air opens flights from Vilnius to Warsaw
Hungary’s budget airline Wizz Air is Monday starting to fly passengers from Vilnius to the Warsaw Frederic Chopin Airport and will have four weekly flights. […]
Economy
Baltic Functional Airspace Block strengthens cooperation with Ukraine
On September 12, 2017, founders of the Baltic Functional Airspace Block (Baltic FAB) – Lithuanian Air Navigation Service Provider Oro navigacija and Polish Air Navigation Services Agency PANSA – signed a memorandum of cooperation with the Ukrainian Air Traffic Agency UkSATSE, Oro Navigacija announced in a press release. […]