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. […]
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. […]
Lithuania‘s industrial growth in January was among the highest in the European Union, according to Eurostat. […]
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. […]
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. […]
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. […]
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. […]
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. […]
Germany’s budget retailer Lidl is planning to open over 10 supermarkets in Lithuania by mid-year. […]
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. […]
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. […]
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. […]
The Port of Klaipėda is concluding a deal with a shipping company that will offer passenger ferry services from the Lithuanian Baltic Sea port. […]
The Lithuanian government said on Monday it would not ask the European Union to scrap daylight saving time, saying there is no evidence that advancing clocks one hour during summer months has negative impact on people’s health or the country’s economy. […]
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