Economy
Economy
Economy
Proposed tax reform: Higher income for lowest earners, fewer exceptions
The Lithuanian government of Prime Minister Saulius Skvernelis has stepped back on its intentions of consolidating income-related taxes on the employee side, including the social insurance fees currently paid by the employee. The Cabinet has decided to shift its focus on reduction of the tax burden on the people with lowest income and unification of different tax regimes. […]
Economy
Go West! The booming Lithuanian Start-Up business!
Last week’s Login Start Up in Vilnius Tech Park and other locations in town brought together investors and developers in Lithuania’s booming start-up business. The country has outstanding IT infrastructure but also a successful ecosystem for start-up business. Judging by the large international presence, word is spreading fast. […]
Economy
Economy
Economy
Economy
Lithuania drops 3 places to 33rd in world competitiveness ranking
Lithuania slipped three places to 33rd among 63 nations in the 2017 world competitiveness ranking released by the Swiss-based International Institute for Management Development (IMD). […]
Economy
Economy
Lithuanian business set to explore India
India welcomes Lithuanian companies to explore its markets, said India‘s Minister of State (MOS) for External Affairs, Mr M.J. Akbar, in a meeting with business leaders of Lithuania. The exchange took place at the prestigious Confederation of Lithuanian Industry, in Vilnius on 26 May. The Confederation, which comprises 3,000 companies engaged in over 50 sectors, is headed by Mr Robertas Dargis, one of the most successful entrepreneurs in the country. Lithuanian business is looking for new markets beyond Europe. […]
Economy
Government yet to decide on use of 13 million euros paid by Alstom
The government has not yet made its decision on the use of 13 million euros paid by Alstom to the country as ordered by a London court in a case in which the French group’s Swedish energy unit Alstom Power was accused of corruption in Lithuania. […]
Economy
Many additional changes in the future tax reform
Due to the plans to transfer the employer social security contributions to the employee, the minimum wage and non-taxable income levels, tax rates will change. There are fears that these changes wouldn‘t reduce salaries for […]
Economy
Government mulls tax reform closed meeting
Lithuania’s government discussed at a closed meeting on Monday the draft tax reform prepared by the Finance Ministry, sources told BNS. […]
Economy
EP member: Baltic states should be strong on Rail Baltica project
Amid the increasingly heated discussions in the Baltic states about the financing of the European-gauge Rail Baltica project from European Union (EU) funds, Wim van de Camp of the European Parliament’s Transport and Tourism Committee says that the three Baltic states would definitely secure European funding for the project, if they are strong and demonstrate determination for the huge investment. […]
Economy
Economy
Lithuania eases intra-company transfers of non-EU workers
Lithuania is easing the conditions of transfer of highly skilled non-EU nationals for temporary assignments in local units of foreign companies. […]
Economy
Economy
Creators of Lithuania’s Real is Beautiful slogan launch free online photo database
Following a scandal over the use of stock photos of other countries in the Real is Beautiful campaign to promote Lithuania, the creators of the tourism slogan have launched an initiative to create a database of photos taken in Lithuania. […]
Economy
Grybauskaitė sends EU-Canada free trade deal to Seimas for ratification
Lithuanian President Dalia Grybauskaitė has submitted the Comprehensive Economic and Trade Agreement (CETA) signed between the European Union and Canada last October to the Seimas for ratification. […]
Economy
Baltic grid synchronization with Europe possible via one LitPol Link – Sefcovic
The European Commission’s vice-president in charge of the energy union says that the Baltic countries could synchronize their power grids with the continental European system via a single LitPol Link line by expanding its capacity and that the project could receive EU support. […]
Economy
Lithuanian media avoid criticizing bodies they get publicity funds from
Media organizations often avoid reporting negatively about authorities and institutions from which they receive publicity funds or report positively about them, a study by the Lithuanian office of Transparency International has revealed. […]