Economy
Janušienė wins competition for Lithuanian tax chief’s job
Edita Janušienė, currently chief auditor at the central Bank of Lithuania, has been selected to head the country’s State Tax Inspectorate (STI) for the next four years. […]
Economy
CORPORATE
An expat’s view on buying and selling real estate in Lithuania
Buying or selling real estate is one of the most important financial decisions we will ever make. But it’s so much more than that, it’s the place where we will potentially raise our family, share good times and bad, watch our children grow and watch ourselves grow older. The buying or selling of real estate is, in a very real sense, trading the crucible of our dreams. […]
Economy
President accuses Government of ‘arrogance’, calls for improving labor code
Lithuanian President Dalia Grybauskaitė on Friday accused the government of “political arrogance” in carrying out reforms and called for the new Labor Code to be improved in workers’ favor. […]
Economy
Brussels warns govt may regret dividing Lithuania into 2 regions for EU aid
The Lithuanian government’s decision to divide the country into two separate regions to obtain more funds from the EU after 2020 may fail to bring the expected benefits, a senior European Commission official warned in an interview with BNS. […]
Economy
Lithuania could join international laser organization this year – minister
Lithuania could become a member of the Extreme Light Infrastructure Delivery Consortium (ELI-DC) by the end of this year, Economy Minister Mindaugas Sinkevičius said. […]
Economy
Economy
EU mulls screening investments from China
EU leaders on Friday asked the European Commission to examine the possibility of screening investments from third countries, particularly from China. […]
Economy
Economy
Hyperloop One representatives: Lithuania might be part of the project
In Los Angeles, Minister of Economy Mindaugas Sinkevičius visited one of the most advanced global companies — Hyperloop One — which is engaged in creating a new generation transport system. At the meeting, the company’s representatives presented the technology and vision they are working on: to connect Scandinavia and the Baltic States as well as Poland and Germany via the Hyperloop One transport corridor; they also proposed that Lithuania could participate in this process Ministry of Economy reported. […]
Economy
Taxi prices at Vilnius airport could be regulated
Lithuania’s Transport and Communications Minister Rokas Masiulis and Vilnius Mayor Remigijus Šimašius say that prices for taxis working at the Vilnius airport could be regulated, saying that a trip to the city center could cost 8-9 euros. […]
Economy
PM sees no signs of crisis
Lithuanian Prime Minister Saulius Skvernelis said on Wednesday that he saw no signs of crisis after Ramūnas Karbauskis, chairman of the ruling Lithuanian Farmers and Greens Union (LFGU), mentioned earlier in the day that another global economic crisis might be on the way. […]
Economy
Lithuania aims to produce 100% of power domestically in future, 80% from renewables
Lithuania aims to generate 100 percent of its electricity domestically in the future, with 80 percent of the total power demand to be met using renewable resources, according to a draft new National Energy Strategy. […]
Economy
LPK President Dargis: Lithuania is not immune from the winds of change
Lithuania is not immune from the winds of change and the draughts of populism that are blowing across Europe, says Robertas Dargis, a prominent entrepreneur and the president of the Lithuanian Confederation of Industrialists (LPK). With his insightful overview of the country’s economic outlook, Mr. Dargis concluded the European Business Network’s season of monthly breakfast events. […]
Economy
Reform of forestry firms postponed until fall – Seimas’ speaker
After about 100 employees of forestry companies and representatives of trade unions gathered outside the Lithuanian parliament on Wednesday in protest of the planned reform, Parliamentary Speaker Viktoras Pranckietis announced that the approval of the reform would be postponed until fall. On Wednesday morning, he had said the amendments would be adopted during the parliament’s spring session. […]
Economy
Economy
Lithuanian businesses worried about outcome of EU-UK talks – daily
Lithuanian politicians and businesses hope that the United Kingdom will remain open and part of the single market after it leaves the European Union, but they also prepare themselves for a “hard Brexit” scenario, the business daily Verslo Zinios reported on Tuesday. […]
Economy
Lithuania slides on Global Innovation Index
Lithuania this year lost four positions and ranks 40th among 127 countries in the latest Global Innovation Index released by the World Intellectual Property Organization (WIPO). […]
Economy
Jurbarkas district expected to return EUR 1 mln in EU funds – daily
The district of Jurbarkas, which borders the Russian exclave of Kaliningrad, is to return almost 1 million euros in EU funds to the Lithuania-Poland-Russia Cross-Border Cooperation Program, the daily Lietuvos Zinios reported on Friday. […]
Economy
Eurostat finds food prices in Lithuania among EU’s lowest
Prices for food and non-alcoholic beverages in Lithuania last year were among the lowest across the European Union (EU), figures from the EU statistical office Eurostat showed on Thursday. […]
Economy
90 our of 100 universities in the world request Lithuanian lasers
One of the things Lithuania is best known for is the laser industry. While perhaps not at the very pinnacle of the industry, the country does not compare all too poorly against highly developed states such as the USA, Germany, France, China and others. And at the same time the industry shows no signs of slowing down, with growing sales and increasing numbers of manufacturers, which should keep Lithuania within the top echelon of the laser industry. […]