Economy
Lithuania home to 3 biggest companies in Baltics
Three Lithuanian companies top the list of fifty biggest businesses in the Baltics compiled by the international credit insurer Coface. […]
Economy
Economy
Life sciences trend setters will meet in Lithuania
Cannabinoids, age related diseases, CRISPR-Cas9 gene editing technique, which has been named as one of the five technologies that will disrupt healthcare by 2020, and other trending topics will be discussed at “Life Sciences Baltics 2016” international forum in Vilnius, Lithuania on September 14-15. […]
Economy
Vilnius to crack down on landlords who don’t pay taxes
Vilnius authorities are intent on cracking down on unaccounted property rents. Under a new proposal, brokers will have to register and share information about their contracts with landlords.
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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
Economy
Food safety watchdog finds salmonella in Judex dumplings
Lithuania’s State Food and Veterinary Service (VMVT) said on Thursday that it has found salmonella in samples of Liuks dumplings made by Judex, a Kaunas-based frozen food product company. […]
Economy
Lithuanian shoppers prefer locally grown vegetables
Lithuanian shoppers prefer locally-grown vegetables and pick fresher products over lower-priced ones, a survey has shown.
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Economy
Lithuanians developing device that could be life-changing for people with Parkinson’s
Lithuanian entrepreneurs and students at Kaunas University of Technology are developing a device that could help people with Parkinson’s disease.
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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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Economy
Lithuanian PM pays for his own trip to Rio
Lithuanian Prime Minister Algirdas Butkevičius has paid for his trip to the Olympic Games in Rio de Janeiro himself, the government said on Tuesday.
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Economy
Lithuania’s mortgage market on fast track of recovery
The mortgage market in Lithuania is showing strong signs of recovery, the Bank of Lithuania says. Growing income, low interest rates and optimistic outlook encourages people to take out loans in order to buy properties. […]
Economy
Summer entertainment industry booms in Lithuania
Lithuanians are no longer satisfied with spending their summers stretched on a beach or picking berries. Nor are tourists happy with merely strolling along the Medieval streets of Vilnius and taking pictures. A budding industry is there to offer them a variety of summer activities.
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Economy
Lithuania plans 6-fold expansion of electric car infrastructure next year
Lithuania plans to spend €3 million for developing infrastructure for electric cars next year.
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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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Economy
Tommy Fagerlund on automation in finance: Why would you buy a hand-made Aston Martin for getting from A to B?
As an introduction to the Baltic SSC Conference that will take place in Vilnius in October, we are happy to interview Mr. Tommy Fagerlund, Managing Director of Thule, a shared services center based in Lithuania mainly supporting the activities of Skandia in financial services back office. […]
Economy
Tax authorities investigate Lithuanians’ real estate holdings in Italy and Spain
Lithuanian tax authorities are investigating real estate assets owned by Lithuanians in Italy and Spain. After receiving data from these countries, Lithuanian inspectors say there are suspected cases of tax evasion.
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Economy
Who are the richest people in Lithuania?
The weekly magazine Veidas has published its annual list of top richest people in Lithuania. For the sixth year in a row, the top spot is reserved for Nerijus Numavičius, the biggest shareholder of Vilniaus […]
Economy
New Labour Code ‘completely inhumane’ – Lithuanian president
Lithuania’s President Dalia Grybauskaitė says that the Labour Code reform, adopted by parliament in June, but vetoed by herself, is “inhumane” and completely disregarded the interest of workers.
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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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Economy
Over one fifth of Lithuanians face poverty
Some 640,000 of Lithuania‘s population, or 22.2%, were below the poverty risk line in 2015, up by 3.1 points year-on-year, according to a survey of incomes and living conditions carried out by the country’s statistics office.
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