Economy
Economy
Economy
Swiss influx to Lithuania expected after opening of new Vilnius-Zurich route
The very first airline Germania plane from Switzerland landed in Vilnius on Thursday. The regular flights between Vilnius and Zurich will start a month later, on June 2, but this time all the airline’s management flew to Vilnius. […]
Economy
Financial pressures on Lithuanian citizens among highest in EU
The number of Lithuanian residents with financial pressures last year was one of the largest among the European Union‘s 28 member states, according to Eurostat, the EU’s statistics department. […]
Economy
Lithuania’s oil industry and Swiss bank accounts: Panama Papers shed light on 1990s
The Panama Papers can offer some insight into Lithuania’s oil industry at its crucial moment two decades ago as documents leaked from the Panamanian law firm Mossack Fonseca reveal bank accounts in Switzerland of former and present heads of Lukoil Baltija and Mažeikių Nafta. […]
Economy
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. […]
Economy
Electric vehicle use grows while charging infrastructure lags behind
Despite the sparse distribution of charging stations, more and more drivers are choosing to use quieter and more economical electric vehicles. […]
Economy
German investors in Lithuania call for labour law reforms and better vocational training
Nine out of ten German investors in Lithuania are happy with their choice to invest in the country, although many believe that the government could do more in areas like labour law and professional training, according to a survey by the German-Baltic Chamber of Commerce (AHK). […]
Economy
Depopulated towns consider demolishing Soviet-era apartment buildings
As Lithuania’s regions face a growing emigration crisis, some have begun calling for measures to deal with the aging apartment buildings that have been left behind as communities shrink. […]
Economy
Lithuanian workers have fourth longest holidays in world
Lithuania offers the fourth highest number of paid holidays for its workers in the world according to a new statistical analysis. […]
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
Economy
Lithuania’s richest man’s taxes may go to UK
Businessman Nerijus Numavičius, Lithuania’s richest man, has officially become a taxpayer in the United Kingdom, where he resides, and can choose which country gets his tax money, 15min.lt reports. […]
Economy
Lithuania ranks among 50 cheapest countries in the world
Lithuania has been named among the 50 cheapest countries in the world to live in. […]
Economy
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. […]
Economy
Real estate sales grow 23% in March
The beginning of spring in Lithuania’s real estate market has been intense with 23% more deals concluded in March than the previous month. […]
Economy
6 owners remain after Maxima shareholder sells his stake
Vilniaus Prekyba Group shareholder Žilvinas Marcinkevičius has sold his 15% stake in the company to its majority shareholder Nerijus Numavičius after a court rejected an injunction request. […]
Economy
Lithuania’s economy ‘four years behind Estonia’ – Danske Bank
It will take three to four years for Lithuania’s economy to reach where Estonia is today, says Rokas Grajauskas, economist for Danske Bank. […]
Economy
‘Too hard to access information about how taxpayers money is spent’ – watchdog
Lithuanian citizens still have a tough time accessing data about how state institutions are using taxpayer’s money. […]