Economy
Lithuania’s inflation rate jumps in June
Lithuania’s consumer price inflation rate accelerated in June according to new figures from Statistics Lithuania. […]
Economy
Economy
EU approves €191 million funding for Lithuania Rail Baltica project
The European Infrastructure Network Measure (EITP) coordination committee supported the European Union’s financing for the further development of the Rail Baltica project in the Baltics.
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Defence
Lithuania opens National Cyber Security Centre
Lithuania has opened a new National Cyber Security Centre in Vilnius under the authority of the Ministry of Defence that will be responsible for protecting the country’s cyber security and containing attacks.
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Economy
New Nato deployment to boost Lithuania’s economy
NATO’s deployment of a multinational battalion to Lithuania will be an opportunity for local businesses to earn money by providing a thousand of German, Belgian, French and other allied troops with food, fuel and other supplies, boosting the local economy.
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Economy
Government approves plan to implement OECD’s suggestions
Lithuania’s Government has endorsed a plan to implement recommendations made by the Organization for Economic Cooperation and Development (OECD).
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Economy
Government to consider raising non-taxable income level
On Monday, the Government intends to return to the Seimas‘ proposal to increase the non-taxable income (NPD) to €350.
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Economy
Russia sanctions have cost Western countries $60bn
A new study has found that sanctions imposed on Russia in the wake of its annexation of Crimea have cost Western countries $60 billion, with Europe most affected.
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Economy
Government to consider matching tax-free income with minimum wage
The Government will discuss on Thursday whether or not it should support a proposal to increase the tax-free income level.
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Economy
Vilnius targets UK financial companies and startups in wake of Brexit vote
After the Brexit referendum, other European countries have been scrambling to attract startups and financial companies that might be considering leaving the UK – and Lithuania is no exception.
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Economy
Mixed reactions to veto of Labour Code by Lithuania’s president
There were mixed reactions to the decision by Lithuania’s president to veto the government proposed new Labour Code with some broadly supportive of her amendments and action and other political leaders and businesses highly critical. […]
Economy
Butkevicius says union criticism and ‘a few protesters’ behind presidential veto of Labour Code
Lithuania’s Prime Minister Algirdas Butkevicius has claimed that the Lithuanian President’s decision to veto the new Labour Code could drag it back into a Soviet era and was driven by unions and “several tens of protestors”. […]
Economy
Lithuania’s president ‘may veto provisions of new labour code’
Lithuania’s new Labor Code fails to strike the proper balance between the interests of employers and those of employees, an adviser to Lithuanian President Dalia Grybauskaite said yesterday.
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Economy
Lithuanian minimum wage rises for second time this year
Lithuania’s minimum monthly wage will be increasing on Friday by €30 to €380.
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Economy
Lithuania makes it easier for foreigners to get work permits
The Lithuanian parliament on Thursday adopted legislation making it easier for third-country nationals to obtain residence permits and get employed in the country.
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Economy
Ceiling on employer Social Security contributions approved by Lithuania’s parliament
The Lithuanian parliament green lighted reforms of the social security system that provides for introducing a ceiling on social insurance contributions.
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Economy
Impacts of Brexit on Lithuanian economy outlined by Finance Minister
The United Kingdom‘s decision to leave the European Union will directly and indirectly affect Lithuania’s economy, the country’s new minister of finance said on Wednesday.
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Economy
Marriott targets Lithuania for more hotels
US hotel giant Marriott is looking at opening new hotels in a number of cities around Lithuania.
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Economy
Lithuania aims to lure Chinese tea giant
Lithuania is aiming to entice China’s biggest tea grower to set up operations in the country.
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Economy
Butkevicius invites Israeli scientists to use Lithuania’s ‘science valleys’
Lithuania is inviting Israel’s scientists to use its integrated science, studies and business centres, or “science valleys” said Prime Minister Algirdas Butkevicius said.
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Economy
Israel and Lithuania link top tech hubs with international agreement
Start-up founders from Israel and Lithuania will now be able to move between the two leading technology start-up hubs in each country, receiving support and services in each country to boost entrepreneurs’ chances of success.
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