Economy
Economy
Economy
Employers cannot ban employees from working at competing firm, Supreme Court rules
Employers have no right to include non-compete clauses into employment contracts without additional compensation as that would limit a person’s constitutional right to freely choose occupation, Lithuania’s Supreme Court has ruled. […]
Economy
Government endorses further restrictions on alcohol
The Lithuanian government endorsed a package of measures aimed at cutting alcohol consumption on Monday. It includes alcohol-free zones, and further restrictions on selling hours and on alcohol advertising. […]
Economy
Passenger numbers up 17% at Lithuania’s airports
The number of passengers flying out of Lithuania’s airports rose by nearly 17% in January according to the latest figures from Statistics Lithuania. […]
Economy
Lithuanian plane veers off runway at Birmingham airport
A plane owned by the Lithuanian charter carrier Small Planet Airlines skidded off the runway at Birmingham Airport, UK, on Sunday. […]
Economy
Economy
Economy
Economy
Bank ordered to charge negative interest rates on its loans
The Bank of Lithuania, Lithuania’s central bank, has ordered Nordea Bank AB to charge negative interest rates on its loans after the basic interest rate dropped below the bank’s surcharge rates. […]
Economy
Lithuanian truckers told not to stop within 300km of Calais because of illegal immigrants
Europe’s immigrant crisis has affected Lithuanian freight companies, forcing them to take safety measures and make additional investments to prevent migrants from boarding their trucks, the business daily Verslo Žinios reported on Thursday. […]
Economy
Lithuanians ‘missing out on lower interest rates by ignoring credit history’
Almost half of all Lithuanians have taken out loans or bought something on credit, but very few take an interest in their credit histories, something that may force them to pay higher interest rates on future loans, experts say. […]
Economy
January tax revenues exceeded projections by 2%
This January, the national budget and municipal authorities collected 2% (€12.1 million) more tax revenue than planned and 7.1% (€41 million) more than in the same period last year, according to the preliminary data of the Ministry of Finance. […]
Economy
Economy
Economy
Economy
Small Lithuanian chocolate producers sweeten up overseas consumers
While six large chocolate and chocolate sweet companies dominate the market for chocolate in Lithuania and create thousands of tons of treats every year, recently, smaller chocolate producers have been making headway in both Lithuanian and international markets by offering high-quality products. […]
Economy
Lithuania sets eyes on Japanese and American tourists
Lithuania expects to see the rapid growth of its tourism sector continue well into 2016. With a Lithuanian delegation travelling to the US later this month to promote the country, the award from the UNTWO for the Treetop Walking Path in Anykšciai, and the buzz that the Kaunas-set Japanese WWII film Persona Non Grata has created, Lithuania’s tourism sector is finding its way into the spotlights all over the world. […]
Economy
Vilnius public transport on Google Transit
Google has included Vilnius into the coverage of its world-wide Google Transit service, a trip planner on public transport. […]
Economy
Small businesses willing to borrow to expand
Small businesses in Lithuania are willing to invest into expansion, according to a survey. […]
Economy
Labour Code amendment suggests more flexible employment contracts for high-earners
High-earners should have more latitude to negotiate employment terms with their employers, a Lithuanian parliamentary committee has decided. […]