Britain will maintain its trading access to the European Union only if it agrees to the principle of the free movement of people according to a leading Lithuanian economist.
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Lithuania‘s Avia Solutions Group and AviaAM Leasing has signed a €1 billion cooperation agreement with the Henan Provincial Civil Aviation Development and Investment Company, China‘s second largest civil aviation company. Under the agreement, AviaAM Leasing, […]
If the United Kingdom were to vote to leave the European Union (EU) at Thursday referendum, this will have only limited negative effects on Lithuania in the short-to-mid-term. In the long run, however, negative repercussions of Brexit may actually reach Lithuania.
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Cujo, which was named as one of the hottest up-and-coming startups at this year’s TechCrunch Disrupt conference, is setting up operations in Lithuania. […]
Lithuania produces more meat per capita than any of the other Baltic States according to new data from Statistics Lithuania.
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The opening of new air routes connecting Palanga with Minsk and Kiev will not create a big influx of foreign tourists to the Lithuanian resort town, according to hoteliers and tourist businesses.
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Axis Industries, a Lithuanian industrial and energy group, almost doubled its net profits in 2015, up 49.1% to €10.3 million.
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Lithuania’s mineral resources, mostly used for construction of roads and buildings, are nearing exhaustion, while environmental rules and property rights make it difficult to prospect for new deposits.
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Vilnius Regional Administrative Court has rejected Forum Cinema’s appeal against a ruling by the Competition Council that it had unfairly ruled that the company should be fined €1.4 million for participating in cartel-like behaviour.
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Lithuania’s Supreme Administrative Court upheld a ruling against retail chain Maxima and the bakery Mantinga that were fined for a decade-running anti-trust agreement.
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Authorities should stop increasing the minimum wage, the newly appointed Minister of Finance Rasa Budbergytė has said.
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The European Commission has approved €202 million in funding for the Rail Baltica high-speed rail project as part of a second round of funding.
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Surprising new data shows the East Europeans who travel abroad the least and most for holidays.
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The head of Latvia‘s biggest road and bridge construction company Latvijas Tilti is suspected of having bribed an official at Klaipėda Seaport in Lithuania to secure lavish contracts worth over €10 million.
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The State Labour Inspectorate (VDI) has concluded that the Uber ride-sharing service’s relationship with its partner drivers cannot be considered a work relationship.
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The Lithuanian parliament’s Committee on Social Affairs and Labour, which is debating a package of laws of the Labour Code reform, has proposed a provision that would have businesses share at least a fourth of their profits with employees.
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The Bank of Lithuania expects the country’s economy to grow 2.6%, leaving its earlier projections unchanged.
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The Swedish Swedbank banking group has transferred a significant portion of its investment fund and investment portfolio administration services to a branch in Vilnius.
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China has been identified as a tempting new market for Lithuanian exporters, but few producers, outside the food industry, are making any forays into the world’s most populous market.
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Over the last three years, apartment rent prices in Vilnius have gone up by almost a third. Real estate experts confirm that the constant formation and expansion of new service centres has contributed to the changes.
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