Economy
Deputy Editor-in-Chief Dapkus leaves Lietuvos Rytas daily
Liudas Dapkus, deputy editor-in-chief at the daily Lietuvos Rytas and editor-in-chief at the Lrytas.lt news website, said on October 5 that he is leaving Lietuvos Rytas. […]
Economy
Economy
Carlson Rezidor brings first Radisson RED to Lithuania
Rezidor, one of the most dynamic hotel groups worldwide and a member of the Carlson Rezidor Hotel Group, is proud to announce the signing of the first Radisson RED in the Baltics, Russia & CIS region. The hotel will be in Vilnius city centre, next door to the existing Radisson Blu Lietuva hotel and only a short walk from the historical Old Town. The around 200 room Radisson RED Vilnius is expected to open its doors by early 2020, the organisers announced in a press release. […]
Economy
Economy
Lithuania’s shared services sector records 12% growth
Personnel levels in Lithuania’s shared services sector have increased by 12% this year. And with 7 new centres established in the last 12 months, there are now a total of 50 shared services centres operating in Lithuania, Invest Lithuania reported. […]
Economy
PM expects new Labour Code to improve Lithuania’s competitiveness
Social Democratic Prime Minister Algirdas Butkevičius expects that Lithuania’s new Labour Code will significantly improve the country’s competitiveness after it comes into effect next January. […]
Economy
2017 budget planned with deficit of 0.6% of GDP
Lithuania’s budget for 2017 is being planned with a small deficit that the European Commission is expected to approve if the country’s new Labour Code and other social protection system changes are recognized as structural reforms, Finance Minister Rasa Budbergytė said on Wednesday. […]
Economy
Turkish Airlines to open service centre for Nordic region clients in Vilnius
One of the biggest airlines in the world, Turkish Airlines, is opening a customer service centre in Vilnius to service its clients in Nordic and Baltic countries, Invest Lithuania reported. […]
Economy
Economy
Why the new Labour Code is good for Lithuania. Interview
A newly adopted Labour Code is a signal to the investors that investment climate is improving in Lithuania. After the change, labour relations in the country will be more flexible, and this will create better conditions not only for investors but also for employees. At the same time more favourable conditions might be one of the incentives not to emigrate and stay in Lithuania, and this will increase the number of workers in the country. […]
Economy
Ex-banker Baranauskas to seek compensation for Snoras nationalisation
Lithuanian businessman Raimondas Baranauskas will seek compensation from the state for the nationalisation of Snoras bank, he said in an interview released on Saturday. […]
CORPORATE
ELECTIONS. Poll: Lithuania reacts to the new Labour Code
The new Labour Code passed by the Seimas has not been well received by voters. Based on a poll by public opinion and market research company Vilmorus more than half of the respondents viewed the new Labour Code negatively. The negative perception of the code was found across the electorates of almost all parties, albeit less so among Social Democrat (LSDP) and Polish Electoral Action voters. […]
Economy
A bunch of amendments to Labour Code registered in Seimas
Just a week after the Lithuanian parliament overrode the president’s veto on the new Labour Code with a promise to improve the package, adopted in June, before next month’s general elections, lawmakers, mostly from the Social Democratic political group, have started putting forward amendments. […]
Economy
Lithuania sent 6 pct of budget to Soviet Union during Soviet era
Lithuania used to earmark about 6 percent of its national budget to the Soviet Union during the Soviet rule, which proves that Lithuania and other nations were not dependent on the Soviet Union but were its donors, a Latvian researcher has said. […]
Economy
President signs Labour Code into Law: here are the main changes
Lithuania’s President Dalia Grybauskaitė on Monday signed the new Labour Code and accompanying amendments into law, the President’s Office said. Last week, the parliament overrode the presidential veto and kept the liberal version of the Labor Code it had adopted in June. The new code and the social model package will take effect at the start of 2017. […]
Economy
Energy companies most profitable among the state-owned enterprises
The 2015 annual report on the Lithuanian state-owned enterprises (SOEs), which contains financial results of SOEs, was presented at the government meeting on 15 September, Turto bankas informed in the press release. […]
Economy
China to evaluate Lithuanian export capacities
Lithuania has already managed to enter the Chinese dairy market and now the representatives of other industries are looking to enter the largest market in the world. Preparations for this are already well under way for companies planning to export beef, grain and animal fodder. […]
Economy
Vilnius, EIB sign EUR 25 mln loan agreement
The city of Vilnius on Thursday signed a 25-million-euro loan agreement with the European Investment Bank (EIB). […]
Economy
Lithuania, another 11 EU countries call on Brussels to continue TTIP talks
Lithuania and another 11 European countries have called on the European Commission to make efforts to reach a free trade deal with the United States. […]
Economy
Reactions to decision to reject president veto on Labour Code
The Lithuanian parliament on Wednesday overturned the presidential veto of a new Labour Code that was adopted by the Seimas in June, thus paving the way for the legislation aimed liberalizing labor relations to come into effect in early 2017. […]
Economy
Seimas overturns presidential veto of Labour Code
The Lithuanian parliament on Wednesday overturned President Dalia Grybauskaitė‘s veto of a new Labour Code, leaving in place the law that was passed in June. […]