Economy
Economy
Economy
EU fines on Lithuania not unexpected – minister
The European Commission has warned Lithuania about sanctions over two issues: the market domination of its state-owned railway company and restrictions on selling land to foreigners. Minister of Transport Rimantas Sinkevičius says the sanctions are not unexpected. […]
Economy
Economy
Economy
Anti-fraud police raid Maxima group director’s home and office
Lithuanian Law-enforcement officers have conducted searches at the office and home of Diana Dominiene, a director of the Lithuanian unit of Bertona Holdings Limited – a company controlled by Nerijus Numavicius, the largest shareholder of Vilniaus Prekyba. […]
Economy
New airlines opening range of new routes from Lithuania in June
A range international carriers are opening new routes are from airports around Lithuania in June, with Vilnius and Palanga seeing three new airlines operating from their airports […]
Economy
Lithuania drops to 30th place in world competitiveness rankings
Lithuania has fallen to 30th place in the latest annual IMD World Competitiveness Rankings for 2016 though it remains a regional leader. […]
Economy
Maxima owner profits jump by 22%
Vilniaus Prekyba, the owner of Lithuanian supermarket chain Maxima, drugstore chain Eurovaistinė and the DIY-chain Ermitažas, posted profits of €101 million last year, up 22% on 2014. […]
Economy
Economy
Lithuanian hand-made candles a hit in London and Los Angeles
It took only six months for two Lithuanian entrepreneurs, Vilnius Malinauskas and Marius Bartkevičius, to establish a business and start exporting their products. Their company, Smells Like Spells, is making natural soy was candles and home fragrances which found a niche in the US, the UK, German and Latvian markets. […]
Economy
EU tells Lithuania to ease rules on land sales to foreigners, threatens lawsuit
The European Commission has formally requested that Lithuania ease its national rules on the sale of land to foreigners, which now violate the European Union‘s free movement of capital and freedom of establishment. […]
Economy
Top jobs in Lithuania for English speakers this week
If you are an emigrant thinking of coming back to Lithuania or an English speaker in Lithuania looking for a new role we will be picking out some of the top jobs available in Lithuania each week for English speakers across all industries and sectors. […]
Economy
Economy
Lithuania has some of biggest fresh water resources in Europe
Lithuania has one of the largest fresh water supplies in Europe, according to the head of Lithuanian Geological Service Jonas Satkūnas. […]
Economy
Economy
Finance vice-minister explains economic challenges facing Lithuania
At a meeting with the European Business Network, Vice-Minister of Finance Algimantas Rimkūnas provided a comprehensive overview of many of the economic successes and challenges facing Lithuania. […]
Economy
Economy
Why are bicycle sales low when cycling is growing ever more popular in Lithuania?
Even though Lithuanians are embracing cycling as a greener and often more convenient mode of transport, bicycle sellers say it is not reflected in their sales. […]
Economy
Lithuania ‘among safest travel destinations in Europe’
Alminas Mačiulis, the government’s chancellor, congratulated Lithuania on the start of the United Nations World Tourism Organisation’s (UNWTO) European Commission meeting. At last year’s meeting in Columbia, Lithuania, Switzerland and Montenegro were chosen for a four-year term as the leaders of this group uniting nations throughout Europe. […]
Economy