Economy
Real estate firm Citus merging with RE/MAX Lietuva
The real estate agency Citus is merging with RE/MAX Lietuva to form the biggest real estate firm in Lithuania with over 220 agents. […]
Economy
Economy
Maxima shareholder blocks sale of stake
Julius Numavičius, a shareholder of Vilniaus Prekyba group which owns Lithuania’s biggest supermarket chain Maxima, has asked a court to block another shareholder, Žilvinas Marcinkevičius, from selling his stake in the company. […]
Economy
Lithuanian banks named in Panama Papers face Financial Police probe
Lithuania’s Financial Crime Investigation Service (FNTT) is to investigate the involvement of Lithuanian banks in offshore deals revealed in the Panama Papers. […]
Economy
Lithuanian bank named in Panama Papers revealing multi-billion money laundering schemes
Documents leaked from the Panamanian law firm Mossack Fonseca reveal a suspected billion-dollar money laundering ring involving close associates of Russia‘s President Vladimir Putin. A Lithuanian bank could have been involved in the schemes. […]
Economy
Lithuania may begin exporting dairy products to Brazil, says Linkevičius
Lithuania is looking to begin exporting dairy products to Brazil as soon as possible, according to Lithuanian Minister of Foreign Affairs Linas Linkevičius. […]
Economy
Economy
Lithuania’s Seimas revokes milk price regulation
The Lithuanian parliament, Seimas, Friday struck down a controversial piece of legislation adopted a week ago to regulate milk prices. […]
Economy
Property prices fall in Lithuania
Lithuania’s residential property prices fell 2.1% in the fourth quarter of 2015, according to data from Statistics Lithuania. […]
Economy
Food trucks get green light in Vilnius
The city of Vilnius has authorised the sale of products from automobiles and automobile trailers, paving the way for food trucks to operate throughout the city. […]
Economy
Lithuania to use EU funds for informal learning programmes
The Lithuanian government has greenlit using money from European Union structural funds to finance informal learning programmes in Lithuanian schools. […]
Economy
Economy
H&M to open first store in Kaunas
The Swedish clothing retailer H&M (Hennes & Mauritz) is opening its first store in Kaunas, Lithuania’s second city, this year. […]
Economy
Corruption costing Lithuania up to €8bn a year – EU study
Corruption could be costing the Lithuanian economy up to €8 billion a year, according to a new study of studies published by the European Union. […]
Economy
Economy
Impact of Lithuanians’ ‘Polish shopping’ greatly exaggerated – Presidential adviser
There is no need for such drama over Lithuanians’ shopping trips to Poland with the same cross-border shopping happening between countries across the world, according to Lina Antanavičienė, an adviser to Lithuanian President Dalia Grybauskaitė. […]
Economy
China to allow Lithuanian dairy products into its market
On Friday, Lithuanian Prime Minister Algirdas Butkevičius said that China will allow Lithuanian dairy products to enter the Chinese market and that Chinese certificates will soon reach Lithuania. […]
Economy
Brussels Airlines flights from Vilnius to land in Liege on Thursday
Belgium’s Brussels Airlines, which suspended flights to Vilnius after Tuesday’s terrorist attacks in Brussels‘ Zaventem airport, is moving its flights to the airport of Liege, located approximately 80 kilometres east of the Belgian capital. […]
Economy
Finance minister prefers across-the-board VAT cuts to exemptions on food
Lowering the value-added tax (VAT) rate for all goods and services would be preferable to exemptions on select products, like food, Lithuania’s Finance Minister Rimantas Šadžius. […]
Economy
Corruption main obstacle to economic freedom in Lithuania, US economist says
Lithuania scored well on this year’s Economic Freedom of the World index, which put it in the 19th spot, ahead of other Baltic states and many European Union members. However, further advances could be hampered by corruption, says Fraser Institute economist Dr. Robert Lawson. […]
Economy
Palanga Airport expands tourism opportunities for Lithuania’s Baltic coast
The first Wizzair plane from Luton Airport near London landed in Palanga Airport on Wednesday with the western part of Lithuania becoming an important transport hub. […]