Economy
3,000 dairy farmers to protest in Vilnius
About 3,000 dairy farmers are planning to rally outside the Ministry of Agriculture in Vilnius next week, demanding government assistance amidst collapsing milk prices. […]
Economy
Economy
Prime minister invites Chinese online giant Alibaba to set up shop in Lithuania
Lithuania’s Prime Minister Algirdas Butkevičius has invited China’s online retail giant Alibaba Group to set up a logistics and packing center in Lithuania. […]
Economy
Lithuania to spend €10m on electric vehicle network
Lithuania is planning to spend €10 million in 2017 on developing infrastructure for electric cars. Seventeen new charging stations are planned to be installed on highways across the country in addition 150 in cities and towns. […]
CORPORATE
Lithuania’s strict rules on foreign workers ‘causing skills shortage’
Excessive bureaucracy and overly strict rules on bringing in skilled foreign workers for sectors where there are shortages are damaging Lithuanian-based companies’ ability to compete in global markets, according to the head of the Lithuanian Business Federation. […]
CORPORATE
CORPORATE
Chinese conglomerate confirms plans to invest in Lithuania
On Tuesday, China Merchants Group (CMG), a Chinese state-owned transportation, logistics, real estate and financial conglomerate, confirmed that it will continue with plans to invest in Lithuania, Verslo Žinios reports. […]
CORPORATE
Lithuanian teachers second-worst paid in Europe
School teachers in Lithuania and Latvia are the least earning educators in Europe, according to an updated European Commission report. […]
Economy
Economy
Lithuania’s expenditure on social protection second lowest in EU – Eurostat
Spending on social protection by the Lithuanian government was among the lowest in the European Union in 2014, according to new data from Eurostat. […]
Economy
Swedbank gets go ahead to take over Danske retail business in Lithuania
Swedbank has been given the go-ahead by Lithuania’s Competition Council to take over the retail banking business of Danske Bank in Lithuania. […]
Economy
Economy
Economy
Vilnius airport to spend €5m expanding passenger terminal
Lithuanian Airports is to invest €5 million in expanding the passenger terminal at Vilnius Airport to increase its capacity to five million passengers from the current four million capacity. […]
Economy
Lithuanian company wins deal to repair Airbus helicopters
Helisota, a Lithuanian subsidiary of aviation giant Avia Solutions Group (ASG) is to repair Airbus helicopters under a new deal with the world’s largest helicopter manufacturer. […]
Economy
Economy
Lithuanian Prime Minister supports controversial VAT cut proposal
The currently existing value-added tax (VAT) of 21 percent can stand to be reduced, believes Prime Minister Algirdas Butkevičius. […]
CORPORATE
Economy
Lithuania braces itself for winter to return with a bang
Lithuanians are bracing themselves for the arrival of sharp winter cold snap over the next week with temperatures expected to plummet to -10 degrees Celsius and blizzards predicted for some areas on Friday. […]
Economy
Economy
IMF tells Lithuania to pause on minimum wage hikes
The International Monetary Fund (IMF) says Lithuania should put a pause on raising the minimum wage in order to sustain its economic growth. […]