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. […]
Economy
Economy
New research centres will make Lithuania “innovative” – President, PM
Two new research centres – the Joint Centre for Life Sciences and National Centre of Physical and Technological Sciences – just opened in the Sunrise Valley in Vilnius will allow Lithuania to become an innovative country, President Dalia Grybauskaitė and Prime Minister Algirdas Butkevičius have said. […]
Economy
Economy
Economy
Ryanair to invest €180 million in Vilnius airport expansion
Low cost airline Ryanair is to invest €180 million in a new base at Vilnius airport and expand the number of destinations it offers from the airport. […]
Economy
Economy
Lithuania reports second-best industrial production growth in EU
Lithuania‘s industrial growth in January was among the highest in the European Union, according to Eurostat. […]
Economy
SEB considers negative interest on business deposits
Sweden’s banking group SEB is considering to introduce negative interest rates on deposits held by large business clients in the Baltic States, vz.lt reports. […]
Economy
EU visitors fill gap left by fall off in Russian tourists to Lithuania
Despite a dramatic drop of one-third in the number of tourists from Russia visiting Lithuania, the country still attracted 2.3% more foreign tourists than last year with visits from other European Union citizens up 11.9% in 2015. […]
Economy
Eurozone growth to drive 5% jump in Lithuania’s exports in 2016
Lithuania’s exports are expected to jump 5% to €11.1 billion in 2016 driven by stronger economic growth in both the Eurozone and Scandinavian countries, according to Enterprise Lithuania’s latest projections. […]
Economy
Lithuanian archiving company acquired by US storage giant Iron Mountain
Lithuanian archiving and document storage company, Archive Systems, has been acquired by US storage giant Iron Mountain as part of deal to acquire Archyvų Centras, the parent company for Archive Systems and a number of other companies in Estonia and Latvia. […]
Economy
Economy
Norway’s oil fund doubles investment in Lithuanian government bonds
Norway’s state oil fund more than doubled its investment in Lithuanian government bonds last year, increasing its holdings from €76 million (711 million NOK) in 2014 to €178 million (1.6 billion NOK) in 2015. […]
Economy
Lidl to open over 10 stores in Lithuania by July
Germany’s budget retailer Lidl is planning to open over 10 supermarkets in Lithuania by mid-year. […]
Economy
Economy
Lithuanian economists predict hike in inflation
Wage growth and domestic consumption is putting inflationary pressure on prices in Lithuania, economists say. Annual inflation, which stood at 0.9% in February, could reach 2% by the end of the year. […]
Economy
Scandinavian banks lose interest in Lithuania due to low returns
Scandinavian banks are no longer interested in expanding lending in Lithuania due to falling returns, said Stasys Kropas, the president of the Association of Lithuanian Banks. […]
Economy
Lithuanian central bank to make sure fixed rate loans’ rates are “fixed”
The Lithuanian Central Bank is to introduce new rules to ensure that interest rates on fixed rate loans remain the same over the whole period of the loan. […]
Economy
New ferry company entering Klaipėda port
The Port of Klaipėda is concluding a deal with a shipping company that will offer passenger ferry services from the Lithuanian Baltic Sea port. […]
Economy