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