After opening the final stretch of the Vilnius western bypass on Tuesday, Vilnius Mayor Remigijus Šimašius said the 105 million euro section will help solve traffic jam issues in the northern part of the Lithuanian capital. […]
Lithuania’s new Labour Code, which is part of the so-called social model package, will come into force next July. […]
The reduced 9-percent VAT rate on district heating will remain in place until next June, the chairman of the ruling Lithuanian Peasant and Green Union (LPGU) said on Monday, admitting that municipalities have forced them to drop, at least for now, the idea of raising the rate to the standard 21 percent. […]
Raising the reduced 9-percent VAT rate on district heating to the standard 21-percent rate is an untimely and improper move, Lithuanian President Dalia Grybauskaitė said on Monday. […]
Mantas Bartuška, the new chief executive officer of Lietuvos Geležinkeliai (Lithuanian Railways, or LG), is confident that he will manage to turn the country’s largest state-owned enterprise, which has recently come on the radar screen of law-enforcement, into a transparent company. […]
Mantas Bartuška, currently CEO of the state-run oil product and liquefied natural gas terminals operator Klaipėdos Nafta (Klaipėda Oil), has been appointed as a new CEO of Lietuvos Geležinkeliai (Lithuanian Railways, or LG) and Romas Švedas, an independent expert and a former energy minister, has been appointed as chairman of the state railway company’s new management board. […]
GeoPhy, a Dutch big data company that collects, processes and analyses data on the global real estate market has set up an office in Kaunas. By mid-2017, the company plans to have recruited up to 25 experienced specialists who will be responsible for collecting and analysing data from all over the world. They will be doing this from Kaunas, GeoPhy announced in a press release. […]
A new management board of the state railway company Lietuvos Geležinkeliai (Lithuanian Railways, or LG), which has lately come on the radar screen of law-enforcement, was appointed on Wednesday, the day when Rokas Masiulis took over the helm of the Transport Ministry. […]
Lithuanian Prime Minister-designate Saulius Skvernelis expects that the so-called new social model, a package of legislation on labour market and social insurance reforms, will be improved and passed by next July to give six months to businesses and private individuals to prepare for the planned changes. […]
Lithuanian Prime Minister-designate Saulius Skvernelis says that the existing personal income tax incentive for life insurance has failed to achieve its goals and has to be reviewed. […]
Lithuania’s Finance Minister-Designate Vilius Šapoka says that value-added tax (VAT) privileges for heating of homes is a faulty scheme, which will, however, continue until the end of this heating season. […]
Russia has exited recession and now all the Baltic Sea region (BSR) economies are expanding, but growth is expected to be modest. The global rise of populism and anti-establishment moods, although promising fiscal expansion that may boost short-term growth, builds up risks of protectionism with a negative impact on long-term growth, Swedbank writes in its annual Baltic Sea Region Report. […]
Small-scale entrepreneurs say they would go bankrupt, if alcohol was moved out of food stores to specialized shops, as proposed by Lithuania’s new ruling Peasant and Green Union. […]
Economists and analysts describe the new Lithuanian government‘s program as cautious and vague and are concerned about the ruling coalition’s new proposals that may have a negative fiscal effect. […]
The Eurogroup thinks that Lithuania’s planned new social model, a package of legislation on structural labour market and pension system reforms, in 2017 would be compatible with fiscal discipline. […]
Stasys Dailydka, long-standing CEO of Lietuvos Geležinkeliai (Lithuanian Railways, or LG), has turned in his resignation, the state-run company said. […]
Lithuania’s parliament has approved for discussion amendments, which suggest postponing the enforcement of some of the laws of the social model, which includes the new Labour Code, until July 1 of 2017, which would allow saving about 80 million euros. […]
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