The accession of German-owned retail chain Lidl to Lithuania has pulled down the prices for food products in Lithuania, however, says Prime Minister Saulius Skvernelis, emphasizing they would never be as low in Lithuania as they are in the neighboring Poland. […]
Lithuania’s Foreign Ministry has turned to the Prosecutor General’s Office over last week’s media reports about possible violations of sanctions applied against Russia by Lithuanian companies. […]
The Lithuanian government and the businesses can relax for now and enjoy their summer vacation – the Lithuanian economy continues growing at an accelerated pace . The Lithuanian GDP increased by 3.9% in Q2 of this year, compared to the same period a year ago. Meanwhile, in quarterly terms, the seasonally adjusted GDP increased by 0.6%. The annual growth for Q1 was revised up by 0.2 pp to 4.1%, Swedbank announced. […]
Excise duty results published by the Lithuanian State Tax Inspectorate signal a decline in alcohol sales and possibly consumption, however, experts say that the information is insufficient for credible conclusions, as they do not cover the impact of illicit alcohol and alcohol purchased abroad. […]
Lietuvos Oro Uostai (Lithuanian Airports), the operator of the airports of Vilnius, Kaunas and Palanga, has spent the past few years trying to attract a new carrier to fly to one of London’s main airports, said CEO Gediminas Almantas, noting that there had been no success. […]
Vitas Tomkus, owner of Respublikos Leidiniai (Respublika Publications) media group, is selling the controlling stake in Elta news agency. […]
The austerity measures taken by the earlier conservative government during a crisis did not violate human rights, the European Court of Human Rights ruled on Thursday. […]
The Lithuanian Special Investigations Service (STT) says it has been receiving growing numbers of reports about corruption, which result in about half of all STT probes. […]
Lithuania will launch the first fiscal receipt lottery this November, with the annual prize fund planned at about 173,000 euros. […]
After the Vilnius City Council on Wednesday gave a go-ahead to a 21.64-million-euro project to modernize the street lighting network, executives of municipality-controlled company Vilniaus Gatvių Apšvietimo Elektros Tinklai (Vilnius Street Lighting Electricity Network, VGAET) due to implement the project says the funder should be established by October. […]
After the Vilnius administration on Wednesday decided to earmark about 2.1 million euros within the next three years for marketing of flights to one of London’s key airports in hopes of attracting the United Kingdom’s largest airline British Airways, the latter has not given any comments on its plans in this respect. […]
Vilnius City Council has given a green light to the proposal of the ruling parties to earmark about 2.1 million euros within the next three years for marketing of flights to one of London‘s key airports, hoping to attract the biggest UK airline, British Airways. […]
Value-added tax (VAT) discount for centralized heating and hotels will remain, says Lithuania’s Prime Minister Saulius Skvernelis, adding that the government would announce the proposed tariff next week. […]
The 9-percent value-added tax (VAT) discount tariff for heating will be reintroduced in Lithuania on a temporary basis between the fall and the end of 2017, Finance Minister Vilius Šapoka said. The discount for 2018 has not yet been specified. […]
The European Social Fund Agency has announced a tender for 22.5 million euros worth of 11,000 tons of food products for the needy, 15min.lt news portal said. […]
With the United Kingdom having begun the procedures for leaving the European Union, Lithuanian chances to attract investors are not just linked with British companies, but also with investors who are having to shift their […]
Returning from the head banker meeting in Frankfurt recently, the head of the Bank of Lithuania Vitas Vasiliauskas states that wage growth in Lithuania is, on one hand, a positive factor, however on the other […]
Lithuanian Agriculture Minister Bronius Markauskas warned on Tuesday that farmers may suffer losses if heavy rains continue to lash the country. […]
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