the Vilnius Concert and Sports Palace
Economy

Signs of corruption found in Vilnius Concert, Sports Palace revamp tender

Acting on a tip-off about possible lack of transparency in the tender for contractor for reconstruction of the Vilnius Concert and Sports Palace, Lithuania’s Property Bank has terminated talks with the winner – the consortium of Irdaiva construction company. Documents available to BNS show that a member of the tender panel was employed both at the Property Bank and the company, which could have influenced the results of the tender. […]

A worker
CORPORATE

What will drive the Lithuanian economy this year?

A growing economy not only strengthens a country‘s image abroad, but also means better living conditions for its people. Lithuanian economists predict that this year the Lithuanian economy will grow far more rapidly than last year. Exports, however, will not be the main factor of this. […]

Money
Economy

Lithuania’s GDP increased by 2.2% in 2016

The Lithuanian economy surprised on the upside in the fourth quarter of last year as GDP picked up by 3%, in annual terms. Quarterly seasonally adjusted growth accelerated from 0.4% in the third quarter to 1.3% in the fourth quarter. GDP increased by 2.2% in 2016, Swedbank reported. […]

Border guard
Economy

Truck with EUR 1.4 mln worth of smuggling cigarettes busted in Lithuania

Lithuanian customs officers busted a Scania truck carrying 1.4 million euros worth of smuggled cigarettes in Kaunas in early hours of Wednesday. […]

Saulius Skvernelis
Economy

PM – Other countries view Belarus’ N-plant project through economic lens

Other countries view Belarus’ Astravyets nuclear power plant project through an economic lens, Lithuanian Prime Minister Saulius Skvernelis said on Tuesday, commenting on the Latvian foreign minister’s words that his country is not considering restricting electricity imports from the facility under construction just 50 kilometers from Vilnius. […]