Economy Archives - Page 51 of 144 - the Lithuania Tribune

Lithuania is attractive investment location to German business

May 24, 2017 Lithuania Tribune 0

According to the German-Baltic Chamber of Commerce (AHK) economic survey 2017, Lithuania is one of the best locations in Central and Eastern Europe. Companies in Lithuania want to invest more and expect they will need more staff. However, increasing wage costs are expected. The scores for the fight against corruption, transparency of procurement and the availability of skilled workers slightly dampen the positive mood, German-Baltic Chamber of Commerce informed in a press release. […]

German business gives top ratings for the Baltic States

May 24, 2017 Lithuania Tribune 0

The Baltic States are among the best locations in Central and Western Europe. According to the economic survey conducted in 2017 by the German-Baltic Chamber of Commerce (AHK), Estonia, Latvia and Lithuania are outperforming the Czech Republic, Poland and Hungary, German-Baltic Chamber of Commerce announced in a press release. […]

Chinese freight shipments present both opportunity and risk for Baltics – MEPs

May 24, 2017 BNS EN 0

Chinese freight shipments via the Baltic countries may become an opportunity for the European standard gauge railway Rail Baltica, but may also pose a risk to the market as China does not always compete fairly, members of the European Parliament’s Transport and Tourism Committee (TRAN) said in Vilnius on Wednesday. […]

Minister of Transport and MEPs to discuss Rail Baltica project

May 24, 2017 BNS EN 0

Lithuanian Transport Minister Rokas Masiulis is meeting with members of the European Parliament’s Transport and Tourism Committee (TRAN) in Vilnius on Wednesday to discuss the course of the European standard gauge railway project Rail Baltica. […]

Hotel owners: too little info on Vilnius Airport runway reconstruction

May 23, 2017 BNS EN 0

Owners of hotels in the Lithuanian capital say that Vilnius Airport has failed to sufficiently inform foreign market participants about its planned 35-day closure for runway reconstruction this summer, the daily Lietuvos Rytas reported on Tuesday. […]

EU commission recognizes Lithuania’s social model as structural reform

May 22, 2017 BNS EN 0

The European Commission has recognized Lithuania’s so-called social model package, including its new Labour Code, as a structural reform and granted the country the requested flexibility in meeting its public deficit target. […]

Former VU rector Juodka elected president of Employers’ Confederation

May 22, 2017 BNS EN 0

Benediktas Juodka, a former rector of Vilnius University and member of the Seimas, on May 19 was elected president of the Lithuanian Employers’ Confederation, or LDK, for a four-year term. […]

Education reform is key to Lithuania’s economic growth

May 18, 2017 BNS EN 0

Lithuania must overhaul its education system and use more high-tech solutions to maintain economic growth in the future, Danske Bank’s chief economist for the Baltic countries said on Thursday. […]

Government to start paying child benefit of EUR 30-50 next year

May 18, 2017 BNS EN 0

Lithuanian Prime Minister Saulius Skvernelis says that the government keeps to its plan to next year start paying a monthly benefit for each child regardless of their parents’ income, but adds that the state cannot afford to pay more than 30 to 50 euros in so-called “child money“. […]

Lithuania too slow to absorb EU aid – Minister of Finance

May 18, 2017 BNS EN 0

Lithuania has been too slow to absorb EU aid for the 2014-2020 financing period, which may decelerate economic and wage growth and result in losing a part of European support, the Finance Ministry has warned. […]

Danish IT firm to establish development team in Vilnius

May 17, 2017 Lithuania Tribune 0

Trustpilot, considered one of Denmark’s most promising startups, is establishing a product development division in Vilnius. In the next two years, the company, which operates one of the world’s largest online review communities, plans to build a team of approximately 40 software system engineers in the Lithuanian capital. Initially, this team will be responsible for the infrastructure of big data and authentication systems that the Trustpilot platform is based on. […]

Child money could be EUR 30-60 next year – Minister of Social Affairs

May 17, 2017 BNS EN 0

Discussions are in progress in Lithuania to grant child money to all families regardless of their income starting 2018, with the benefits for families raising 1-2 children at 30 euros and families with more children at 50 or 60 euros per every child, says Social Security and Labor Minister Linas Kukuraitis. […]

Karbauskis wants Govt to start preparations for specialized alcohol stores

May 17, 2017 BNS EN 0

Ramūnas Karbauskis, the leader of the ruling Lithuanian Farmers and Greens Union, has called for the government to be put under the obligation to draft legal acts by mid-2018 that are necessary for establishing specialized alcohol stores. […]

Child money should be EUR 100-150 – Seimas speaker

May 17, 2017 BNS EN 0

Child money in Lithuania should be between 100 and 150 euros, says Parliamentary Speaker Viktoras Pranckietis. […]

Lithuania to ratify EU-Canada trade pact

May 17, 2017 BNS EN 0

Lithuania is preparing for ratification of the Comprehensive Economic and Trade Agreement (CETA) signed between the European Union and Canada last October. […]

Central bank calls for pension system reform as worker-to-retiree ratio falls

May 17, 2017 BNS EN 0

Amid a rapid decline in Lithuania’s worker-to-retiree pension, the central Bank of Lithuania is sounding the alarm and calling for the pension system to be reformed and for future pensions to be linked to personal contributions. […]

Lithuanian e-commerce traditions

May 16, 2017 Lithuania Tribune 0

Since e-commerce is rapidly becoming more widespread in Lithuania and the number of new online shops is growing, the habits of the population are changing as well. The number of people making purchases online that has recently been consistently on the rise shows not only consumers’ loyalty to Lithuanian online stores, but also reveals the fears of those who are still reluctant to buy from online stores. […]

Lithuania must reform education system to catch up with Western Europe – IMF

May 16, 2017 BNS EN 0

Lithuania’s near-term economic outlook is positive, but there are doubts if the country will manage to catch up with Western Europe in the longer term, the head of the International Monetary Fund‘s mission to Lithuania said Vilnius on Monday, underlining the need for structural reforms and, in the education system, for consolidation of institutions and more flexible programs. […]

Citizens evaluated the planned tax reform

May 15, 2017 Martynas Zilionis 0

Government program plans to move the taxes that are paid by the employers’ and merge them with the employees. The Government promised to tell how they were going to do that by the beginning of […]

Lithuanian Railways to scrap Vilnius-Moscow passenger service

May 12, 2017 BNS EN 0

Lietuvos Geležinkeliai (Lithuanian Railways, or LG) is scrapping its passenger service between Vilnius and Moscow in a move that is expected to save the state railway company 2 million euros annually, but passengers will continue to be able to take a Russian train to the Russian capital. […]