By the end of 2015, Klaipėda Free Economic Zone accumulated EUR 493 million of foreign direct investment (FDI). This accounts for 57% of the total FDI of Klaipėda City Municipality. In the significance of the free economic zone to its city in terms of the FDI portfolio, Klaipėda is ahead of all the other Lithuanian free economic zones. […]
The prime ministers of the three Baltic countries and Poland reiterated on Monday that the planned second Nord Stream gas pipeline under the Baltic Sea is a political project and underlined their opposition to the project. […]
Resolution of Lithuania’s dispute with Veolia would send a positive message to French investors, France’s ambassador to Vilnius, Philippe Jeantaud, said on Monday. […]
On Thursday, exploring the concept of Nordic leadership and how to gain and communicate trust in the workplace and business environment dominated presentations and exchanges during a Norwegian Chamber of Commerce conference. […]
The new top executives of the Lithuanian state-run railway company Lietuvos Gelezinkeliai (LG) have turned to prosecutors over about 5 million euros in damages caused to the company by possibly non-transparent operations of its earlier chiefs. […]
A mission from the International Monetary Fund (IMF) on Thursday is starting work in Lithuania. […]
If Lithuania’s new Labour Code is passed by the Seimas with the Tripartite Council-approved amendments and takes effect in July, the package will have to be supplemented immediately as it fails to ensure adequate protection of workers’ rights, President Dalia Grybauskaitė said. […]
After a few months of postponement, the Vilnius city administration has announced a tender to buy 150 new city buses at a maximum value of 40.5 million euros. […]
Dainius Budrys, a member of the Lithuanian Social Democratic Party and a former MP, has been sacked from top executive of Rail Baltica Statyba (Rail Baltica Construction), the subsidiary of the state-run Lietuvos Geležinkeliai (Lithuanian Railways) that coordinates the European-gauge railway project Rail Baltica in Lithuania. The information was confirmed to BNS by Budrys on April 28. […]
Amendments to Lithuania’s new Labour Code will be put before the parliament next week, the Lithuanian Farmers and Greens Union (LFGU) and the Social Democratic Party (LSDP) agreed on Wednesday. […]
Hyperloop One spent a day visiting Lithuania and met with ministers, innovators and business community. They gave everyone updates of the progress they are making towards building the first functioning Hyperloop. They are currently building a test demonstration site in Nevada and will show off the first prototype in the middle of this year, Vladas Lašas’, representatives wrote in a press release. […]
The Lithuanian government is ready to take the necessary decisions for building an overpass on the only road to the Rusnė island in the River Nemunas delta as early as next year, Prime Minister Saulius Skvernelis said on Friday. […]
Lithuanian President Dalia Grybauskaitė says that a trilateral pay rise agreement between the government, employers and trade unions is a good intention that cannot be put into practice as the state cannot force privately-owned businesses to commit themselves to raising wages. […]
Simplex, an Israeli financial technology (fintech) and cybersecurity start-up, has chosen Lithuania ahead of the likes of Luxembourg, Cyprus and the UK as the location for its new global supervision and sales team. The company plans to employ around 20 experts in sales, support, Fraud analysis, marketing, information technologies, data analytics, quality supervision and finance in the coming couple of years, Invest Lithuania announced in a press release. […]
Lithuanian Prime Minister Saulius Skvernelis says that the government does not plan to tax pensions, although Social Security and Labour Minister Linas Kukuraitis has recently publicly mentioned such a possibility. […]
Lithuania’s Prime Minister Saulius Skvernelis intends to present the government’s report to the parliament on Tuesday, reviewing the country’s condition after the 17th government took office at the end of last year. […]
Lithuania should overcome Latvia in the competition battle for Chinese companies’ investments in transport and logistics sector, Lithuania’s Prime Minister Saulius Skvernelis said after meting with China’s Parliamentary Speaker Zhang Dejiang in Vilnius on Friday. […]
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