Some Lithuanian businesspeople have compared 2016 to the situation in 2006, the boom year before the 2008 crash.
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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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Lithuanian consumers readily identify Lithuanian-made food products with higher quality and believe them to be more natural and healthier, although that might not always be the case.
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Lithuanians have a sweet tooth for biscuits, Latvians eat more meat than their Baltic neighbours, and Estonians are the most enthusiastic pasta eaters, according to a consumer habit survey of the Baltic nations.
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Lithuania’s finance minister says there should not be any major changes in taxation after October’s general elections, but adds that state finances should work towards ensuring sustainable economic growth.
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Invest Lithuania, the government’s agency in charge of attracting foreign investment, has sealed 19 foreign direct investment (FDI) projects this year. Over the coming three years, these investments are expected to create 1,800 new jobs, the agency said. […]
Over the last three years, rise in apartment rents in Vilnius outpaced the growth of people’s income, statistics show.
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One month after Lithuania opened bidding for companies willing to explore and exploit amber deposits in the Curonian Lagoon, not a single bid has come forth.
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Lithuania’s economy could suffer a hit of up to 0.8% as the United Kingdom negotiates its divorce with the European Union, according to Lithuanian prime minister.
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A Lithuanian furniture maker has been forced to freeze plans of investment after the United Kingdom, its biggest export market, voted to leave the European Union.
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Lithuania’s national broadcaster, LRT, has been disciplined for airing commercials during this year’s Eurovision Song Contest, something it is not allowed to do by law.
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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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After Lithuania’s Prime Minister Algirdas Butkevičius met on Monday with representatives of the Polish government and Orlen oil company, oil refinery Orlen Lietuva and Lietuvos Geležinkeliai (Lithuanian Railways, or LG) have resumed talks over transportation rates that broke down in May.
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A survey shows overwhelming public support for a spontaneous boycott action in May when shoppers where urged to avoid major supermarket chains in protest of rising food prices.
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A new building to be erected by property developer Eika on central Gedimino Avenue in Vilnius is to house a Hilton Garden Inn hotel.
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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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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. […]
A perennially wet bathroom mat is a nuisance and a source of conflict in many a household. Two Lithuanian students have come up with a solution.
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IT specialists and engineers are not the only professions in high demand in Lithuania’s labour market. Sales managers, customer service specialists are also in short supply, labour market experts say.
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Danish window and door manufacturer Dovista is to invest €50 million in a new manufacturing facility in Lithuania. […]
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