Economy

Extreme weather caused €400k worth of damage this summer

Extreme weather conditions this summer has caused considerable damage to property in Lithuania. Insurers say that storms were the most common cause of damage.

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Economy

‘Moment of truth’ for Lithuanian economy after 2020

The end of the European Union‘s current financial period in 2020, after which Lithuania will be getting substantially less funding from Brussels, will be a cold shower that will expose inefficiencies in the country’s economy currently covered up by European money, says a leading economist.

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Rio de Janeiro
Economy

Lithuanian PM to skip Olympics due to ridiculous flight fares

Lithuania’s Prime Minister Algirdas Butkevičius will not observe the Olympic Games in Rio de Janeiro due to what he said was unacceptable flight fares, the government’s press service said on Thursday.

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No Picture
Economy

Lithuanian businesses anticipate another recession?

Some Lithuanian businesspeople have compared 2016 to the situation in 2006, the boom year before the 2008 crash.

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