Marks & Spencer announces today that it will be engaging with its employees regarding proposals to close its one store in Lithuania located in Vilnius. The proposals have been developed by Marks & Spencer following a comprehensive review of its 466 International stores in order to build a clear picture of its business today and what is driving results. […]
Lithuanian President Dalia Grybauskaitė says that certain issues important for the social security of people remain unsolved after the parliament amended the country’s new Labour Code, calling for a further improvement of the package. […]
Ramūnas Karbauskis, chairman of the Lithuanian Peasant and Green Union (LPGU), the party that triumphed in recent parliamentary elections, says that he will propose that the entry into force of the country’s new Labour Code be postponed for half a year. […]
The proposal made by Ramūnas Karbauskis, the leader of the Lithuanian Peasant and Green Union that won the recent parliamentary elections, to postpone the enforcement of the new social model for a year may affect the key structural reform in the future, economists say. […]
FinTech company Moneta International, which provides payment services predominantly for the e-commerce sector through an online platform, has set up its global headquarters in Vilnius, the capital of Lithuania, and is now gearing up for substantial expansion in the near future. Total investment is expected to exceed €1 million, including the Moneta platform and other products under development. […]
President Dalia Grybauskaitė says that Lithuania is creating the most problems for Rail Baltica implementation and the new Estonian president underlines the importance of completing the European standard-gauge railway project despite concerns in Lithuania. […]
Startup Lithuania, a team of Enterprise Lithuania, a government agency to assist startups in Lithuania, relocates to the biggest startup hub in the Baltics and Nordics, soon to be launched in Vilnius. The decision to move part of the government agency closer to startups themselves clearly represents Lithuania’s aim to emerge as the leading startup-friendly ecosystem in the Baltic region. […]
After the European Commission has asked for clarification from Lithuania over its draft 2017 budget, Finance Minister Rasa Budbergytė says that the EU’s executive body wants additional information regarding the government’s request for a higher deficit due to the so-called social model. The Finance Ministry says, meanwhile, that the Commission does not request additional explanations and does not comment on the draft budget sent to it on October 17, but only reminds the country that its new government, once formed, will have to submit an updated daft budget. […]
Lithuania ranks 21st among 190 countries in the World Bank‘s latest ease of Doing Business report, a notch lower than last year. […]
The Lithuanian finance minister on Tuesday introduced to the parliament a draft 2017 budget that she says focuses on scaling down social exclusion, beefing up national defense and financing the necessary structural reforms. […]
The Lithuanian government has failed to use the past four years for the state’s progress, an advisor to President Dalia Grybauskaitė said on Tuesday. […]
The attempts to stop Lidl investments in a building in Vilnius are unacceptable, and all obstacles on the path should be removed, says Diana Varnaitė, director of the Lithuanian Cultural Heritage Department. […]
Corporate communications specialist Giedrius Karsokas has joined Go Vilnius – the Lithuanian capital’s official international business and tourism development agency – as head of the new agency’s business department. […]
Lithuania’s Cabinet of ministers will Wednesday open discussions into the next year’s budget draft. […]
Lithuania’s draft 2017 budget projects higher revenue and expenses for next year, but is planned with a lower deficit than this year. […]
Lithuanian companies, which exported mostly food-grade wheat to Middle East and Northern Africa in recent years, will have to find markets much closer to home to sell this year’s poorer-quality crop, the business daily Verslo Žinios reported on Tuesday. […]
Lithuania needs changes in areas, such as education, however, the important thing for business is that the parties triumphant in parliamentary elections do not undertake unpredictable decisions or radical changes of laws linked with economy, says Robertas Dargis, the president of the Lithuanian Industrialists Confederation. […]
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