Air Lituanica
Economy

Auditors slam municipal company for loaning money to Air Lituanica

Auditors have slammed Vilnius municipal heating company, Vilniaus Šilumos Tinklai (VŠT, Vilnius Heating Grid), for extending multi-million-euro loans to Air Lituanica, a municipal airline that went under last year. […]

No Picture
Economy

Lithuania sends first meat exports to US

Lithuania has sent its first shipment of meat products to the United States, Prime Minister Algirdas Butkevičius said on Tuesday. […]

Economy

Raising social insurance contributions ‘would help increase wages for 260,000 employees’

Minimal social insurance contributions should be paid as a percentage of the minimum wage even by employees who make less than that, says Mindaugas Sinkevičius, director of Lithuania’s Social Insurance Fund (Sodra). This would disincentivize employers to pay part of their employee’s wages illegally. […]

Žilvinas Marcinkevičius and Nerijus Numavičius
Economy

Maxima shareholder gets go ahead to sell shares in group – Lithuanian court

Žilvinas Marcinkevičius will be allowed to sell his 15% stake in Vilniaus Prekyba, the largest business group in Lithuania, to Lithuanian billionaire Nerijus Numavičius‘ Bertona Holdings Limited after a Vilnius court rejects a request by another shareholder to stop the deal. […]