Economy Archives - Page 49 of 144 - the Lithuania Tribune

Lithuanian stand in the Munich (Germany) Fair, which will take place June 26-29

90 our of 100 universities in the world request Lithuanian lasers

June 15, 2017 Lithuania Tribune 0

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. […]

President signs Labour Code amendments into law

June 15, 2017 BNS EN 0

President Dalia Grybauskaite has signed into law amendments to the country’s new Labour Code. […]

Lietuvos Geležinkeliai plans restructuring, to sack part of administration

June 9, 2017 BNS EN 0

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. […]

President signs alcohol control bill into law

June 9, 2017 BNS EN 0

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. […]

President’s support for Government turns to criticism – economist

June 8, 2017 BNS EN 0

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. […]

Central Bank’s Chairman: temperature in the real estate marker is rising

June 8, 2017 Media Briefing 0

“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 […]

Karbauskis’ vision: strengthened workers will be more in charge of their wages

June 8, 2017 Egle Samoskaite 0

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 […]

At the Lietuvos Geležinkeliai Traffic Control Centre

Reliability of some people in Lithuania’s state-owned companies is a concern

June 7, 2017 BNS EN 0

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. […]

Environment services go to court over EUR 630,000 compensation for sewage spill

June 7, 2017 BNS EN 0

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. […]

Lithuanian railway co plans routes to Daugavpils, Latvia

June 7, 2017 BNS EN 0

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. […]

Lithuanian household spending on consumer goods down in May m/m

June 7, 2017 BNS EN 0

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). […]

Labour Code won’t solve problem of work flexibility – experts

June 6, 2017 BNS EN 0

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. […]

Seimas passes amended new Labour Code

June 6, 2017 BNS EN 0

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. […]

President’s office doesn’t intent to block govt’s proposed tax changes

June 6, 2017 BNS EN 0

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. […]

New labour code up for final vote at

June 6, 2017 BNS EN 0

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. […]

Lithuania’s richest man Numavičius to pay taxes solely in UK

June 5, 2017 BNS EN 0

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. […]

Kuodis reviews new tax reform: they do not understand what they are doing

June 5, 2017 Edgaras Savickas 0

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. […]

EU-Canada trade deal benefits Lithuania – Minister Linkevičius

June 5, 2017 BNS EN 0

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. […]

Winner Raimundas Slavinskas, Business Developement Manager AEDILIS

Winner 2017 German-Lithuanian Business Award announced

June 5, 2017 Lithuania Tribune 0

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. […]

Government proposed tax changes too small to be called a reform – analysts

June 2, 2017 BNS EN 0

The Lithuanian government’s proposed tax changes are primarily aimed at improving the situation of small-sized businesses and low earners and cannot be called a fundamental reform, analysts told BNS. […]