Economy
President signs Labour Code amendments into law
President Dalia Grybauskaite has signed into law amendments to the country’s new Labour Code. […]
Economy
Economy
Lietuvos Geležinkeliai plans restructuring, to sack part of administration
Lietuvos Geležinkeliai (Lithuanian Railways, LG), the state-run railway company, plans to restructure the group and give up some of the unnecessary property. Mantas Bartuška, the company’s CEO, does not rule out entering the stock exchange in the future. […]
Economy
President signs alcohol control bill into law
Lithuania’s President Dalia Grybauskaitė has signed the amendments to the Alcohol Control Law, which were adopted by the parliament and triggered heated discussions in the society, thus imposing substantial restrictions on alcohol trade, consumption and advertisements as of 2018. […]
Economy
President’s support for Government turns to criticism – economist
Lithuanian President Dalia Grybauskaitė, who supported the ruling coalition’s plans half a year ago, has changed her opinion and now criticizes the education system overhaul and some other reforms proposed by the government, Gitanas Nausėda, an adviser to SEB Bankas’ president, said on Thursday. […]
CORPORATE
Central Bank’s Chairman: temperature in the real estate marker is rising
“The conducted analysis of the 2016 real estate marked by us revealed that while in the beginning of the year house prices increased by 3 pct. nearing the end of the year the number reached […]
CORPORATE
Karbauskis’ vision: strengthened workers will be more in charge of their wages
Ramūnas Karbauskis the chairman of the Peasant and Green Union has a vision: that in the future there will be no need in Lithuania for a Labour Code, and the employers and employees will discuss […]
Economy
Reliability of some people in Lithuania’s state-owned companies is a concern
Some of Lithuania’s enterprises of strategic importance employ some people whose reliability gives cause for concern and nepotism flourishes in them, the chairman of the Seimas Committee on National Security and Defense said on Wednesday, underlining the need for streamlining the recruitment and decision-making procedures at such companies. […]
Economy
Environment services go to court over EUR 630,000 compensation for sewage spill
The Vilnius Regional Environmental Protection Department has turned to court with a claim for compensation of 630,000 euros in damage caused by the December 2016 sewage spill in central Vilnius, which resulted in spillage of 46,000 cubic meters of untreated wastewater into the River Neris. […]
Economy
Lithuanian railway co plans routes to Daugavpils, Latvia
After closing the route to Moscow, Lietuvos Geležinkeliai (Lithuanian Railways, LG), the state-run railway company, plans on launching a passenger train to the Latvian city of Daugavpils. The company’s spokesman said LG was ready but had to wait for the final approval from Latvian railways. […]
Economy
Lithuanian household spending on consumer goods down in May m/m
The spending of Lithuanian household on main consumer goods declined in May, while Latvia and Estonia reported growth, shows an index of household spending published by the research company Baltic Market Insights (Baltmi). […]
Economy
Labour Code won’t solve problem of work flexibility – experts
After Lithuania’s parliament on Tuesday improved the new Labour Code to take effect in July, no changes are expected in the sense of flexibility of labour relations, economists say, adding that the initial ambitious plans of liberalizing labour relations has been downgraded into a reflection of the actual situation on the labour market. […]
Economy
Seimas passes amended new Labour Code
The Lithuanian parliament on Tuesday passed amendments to the country’s new Labour Code, which was adopted last year but will come into force in July. […]
Economy
President’s office doesn’t intent to block govt’s proposed tax changes
The Lithuanian president’s office sees no major drawbacks in the government’s proposed tax changes aimed at increasing the poorest people’s income and expects constructive discussions on the plan, an advisor to President Dalia Grybauskaitė said on Tuesday. […]
Economy
New labour code up for final vote at
The Lithuanian parliament on Tuesday is to take a final vote on the Tripartite Council-approved amendments to the new Labour Code, which is expected to come into force in July. […]
Economy
Lithuania’s richest man Numavičius to pay taxes solely in UK
Lithuania’s richest man Nerijus Numavičius, who has lived in London since June 2015, will declare his 2016 income and pay taxes for the year solely in the United Kingdom. […]
CORPORATE
Kuodis reviews new tax reform: they do not understand what they are doing
According to, economist Raimondas Kuodis, it would appear that the Government lead by Saulius Skvernelis has forgotten the election promises made by the Peasant and Green Union. “There was a lot set out to achieve. […]
Economy
EU-Canada trade deal benefits Lithuania – Minister Linkevičius
The EU-Canada Comprehensive Economic and Trade Agreement (CETA) approved by the Lithuanian parliament last week and due to be ratified in July will consolidate Lithuania’s relations with Canada and reduce trade and investment obstacles, says Foreign Minister Linas Linkevičius. […]
Economy
Winner 2017 German-Lithuanian Business Award announced
Happy winners: At the awards ceremony on 31 May in the Art Factory „LOFTAS“ in Vilnius, Aedilis UAB won the German-Lithuanian Business Award. The company also won the online voting against their competitors. […]
Economy
CORPORATE
In 2 weeks’ airplanes in Vilnius will land with different air traffic control system
In preparation for the reconstruction of the aircraft runways in Vilnius airport beginning in a month and a half, pilots are being forewarned about temporary changes. Thus, it is foreseen that for two weeks’ time […]