Economy

Rents in Vilnius grow faster than income

Over the last three years, rise in apartment rents in Vilnius outpaced the growth of people’s income, statistics show.

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No Picture
Economy

Lithuanian court’s decision to allow credit companies use data on social media ‘ground-breaking’

After the Supreme Administrative Court of Lithuania recently ruled that companies can use information people share on social media to assess their credit worthiness, specialists say the decision will have a huge influence on credit prices.

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Economy

Orlen Lietuva to renew negotiations over transportation rates with Lithuanian Railways

Prime Minister Algirdas Butkevičius and Transport Minister Rimantas Sinkevičius say that Polish-owned oil refinery Orlen Lietuva and the state-owned railway company Lietuvos Geležinkeliai (Lithuanian Railways) should resume negotiations over transportation rates that broke down in May.

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Darius Mockus
Economy

MG Baltic president: political corruption probe has no direct impact on business

A political corruption scandal cantered around MG Baltic Vice-president Raimondas Kurlianskis, who is suspected of bribery and influence peddling, has dealt a blow to the group’s reputation, but it has had no direct impact on its business, Darius Mockus, MG Baltic’s sole owner and president, said in an interview with BNS. […]

Fruit on sale in a Lithuanian market
Economy

Lithuania’s inflation rate jumps in June

Lithuania’s consumer price inflation rate accelerated in June according to new figures from Statistics Lithuania. […]