Economy
Economy
Economy
New Labour Code to take effect in July – PM
The new Labour Code, which liberalizes labor relations and was approved during the parliament’s last term but postponed by the new parliament for six months, will take effect in July with the amendments, which have already been decided by the Trilateral Council, Prime Minister Saulius Skvernelis says. […]
Economy
Ex-CEO of lrytas.lt to head Adnet Media ad network
Ričardas Baltaduonis, former director of lrytas.lt news portal, has taken the helm of Adnet Media advertisement network for the Baltic states as of Monday, delfi.lt news portal said. […]
Economy
Minister of Economy moves for gender quotas on state companies’ boards
Lithuanian Economy Minister Mindaugas Sinkevičius, who is running for leader of the Lithuanian Social Democratic Party (LSDP), proposes to introduce gender quotas for currently male-dominated management boards at state-owned and municipal companies. […]
Economy
Higher wages won’t be key factor in stemming emigration
Lithuanian politicians say that higher wages may stop Lithuanians from leaving their country, but businesses argue that such steps as revamping the education and tax systems and cutting back on the state bureaucracy might put emigration on a declining patch, the business daily Verslo Žinios reported on Thursday. […]
Economy
Finmin says surplus budget possible in future too
Lithuania’s general government budget balance last year moved into positive territory for the first time in 26 years and Finance Minister Vilius Šapoka says that a budget surplus is possible in the future too. […]
Economy
Govt backs cutting back alcohol sale hours, banning advertising
The Lithuanian government on Wednesday approved in principle proposals that call for further restricting the hours of sale of alcohol and banning alcohol advertising. Prime Minister Saulius Skvernelis says that the government managed to reach a compromise. […]
Economy
Sales of tourists trips to Lithuania in China increased by 169%
Lithuania has secured its positions in China as an attractive tourist destination. The advertising campaign conducted by the State Department of Tourism in the greatest Chinese travel platform CTRIP and the most popular social networks WeChat and Weibo has resulted in an increase in the sales of trips to Lithuania even by 169 per cent! […]
Economy
Lithuania has to be proactive in competition with Russian ports – PM
Lithuania has to be proactive in competing with Russian ports for cargoes, Prime Minister Saulius Skvernelis said on Tuesday morning. […]
Economy
Economy
Veolia’s subsidiary hands over Vilnius’ heating grid to municipal co
Vilniaus Energija (Vilnius Energy), a local subsidiary of France’s Veolia, has handed over the Lithuanian capital’s heating grid to Vilniaus Šilumos Tinklai (Vilnius Heating Grid, or VST), a municipal company, after its 15-year lease on the assets expired on Wednesday. […]
Economy
Irdaiva Co. searched by financial crime squads, CEO detained
Lithuania’s Financial Crime Investigation Service on Tuesday conducted searches in the premises of Irdaiva, one of the country’s largest construction companies, as part of the probe of fraud suspicions in public procurement deals. Irdaiva’s CEO and sole owner Irmantas Kubilius has been detained. […]
Economy
Air Baltic launches flights from Vilnius to Munich Monday
Latvia’s Air Baltic is starting to fly passengers between Vilnius and Munich, Germany, on Monday. […]
Economy
Lithuanian regulator slaps Vilniaus Energija with EUR 1.3 mln fine
The Lithuanian energy market regulator has slapped the district hearing supplier Vilniaus Energija (Vilnius Energija) with the maximum possible fine of 1.307 million euros for unjustified price increases between 2012 and 2014. […]
Economy
Lithuanian Railways expects to cooperate with China Merchants Group
State-owned Lietuvos Geležinkeliai (Lithuanian Railways, or LG) expects to transport China Merchants Group‘s freight from a 280-million-euro industrial park under construction in Belarus’ capital of Minsk. […]
Economy
Lithuania equates foreigners’ professional experience with high qualifications
In an effort to facilitate the entry of skilled foreign labour into Lithuania, the government on Wednesday recognized professional experience as an alternative to higher education qualifications. […]
Economy
New Labour Code to take effect in July – PM
Enforcement of Lithuania’s new Labour Code liberalizing the labor relations will not be postponed again, says Prime Minister Saulius Skvernelis, adding that the document will take effect in July. […]
Economy
It’s important is that TV3 remains in hands of Western investors
Swedish media group MTG‘s decision to sell its Baltic business, including Lithuania’s television group TV3, to US-based Providence Equity Partners will allow maintaining Western business traditions in the media market, a Lithuanian communication and media expert said. […]
Economy
PM proposes alcohol sales by bank cards only
At a meeting with Lithuanian business figures on Tuesday, Prime Minister Saulius Skvernelis presented the idea of allowing payment for alcohol by bank cards only, 15min.lt news portal said. […]
Economy
Special envoy of Denmark comes to discuss the future of European Medicines Agency
On 22 March 2017 Denmark’s special envoy, Lars Rebien Sørensen, will be visiting Lithuania to present the Danish candidacy for hosting European Medicines Agency (EMA) and draw attention to the advantages of the Danish bid. He will meet with Lithuanian high level officials in order to explain why Denmark is working towards getting the EMA relocated from London to Copenhagen. the Danish Embassy in Vilnius announced in a press release. […]