The pandemic has closed borders and increased unemployment in Lithuania to levels not seen for several years. However, even give such a situation, a quarter more people immigrated to Lithuania compared to last year. The […]
COVID-19 continues its march – Europe is returning to restrictions and with them come the renewed economic forecasts. Northern European markets, Lithuania amongst them, have experienced a V-shaped economic recovery. Mindaugas Vanagas, founder of the […]
Agriculture is approaching the breaking point: the European Green Deal, the reform of the Common Agricultural Policy, the ongoing process of digitalization and the world’s response to the COVID-19 pandemic crisis will fundamentally change the […]
During the months of July and August, the Lithuanian tourism development agency Lithuania Travel surveyed more than 700 tourists from Estonia and Latvia. Estonian and Latvian tourists interviewed in Lithuania this summer longed for change […]
The Baltic capitals Vilnius, Tallinn and Riga with similar indicators have always competed for the attention of foreign investors. However, recently analysts have been saying that Vilnius may break out within the next five years […]
The coronavirus crisis has struck a major blow to the global economy. However, Lithuania’s economy was almost able to avoid economic shock, with the country posting among the smallest declines in its economy among all […]
The COVID-19 recession was widely expected to be the worst global economic crisis since the Great Depression and much worse that the Great Recession of 2008-2009. It can still be, but recent economic data suggests […]
Prompt adaptation by businesses to changed conditions, correct decisions by the Lithuanian government in containing the coronavirus outbreak and stimulating the economy, the finance sector’s resilience or simply fortune – this will long be a […]
According to data from the Lithuanian Department of Statistics, over the second quarter of 2020, compared to the same period in 2019, Lithuania’s GDP shrank by 3.8%. Despite the fall in GDP, the second quarter […]
Reviewing the aviation statistics of July, Lithuanian Airports recorded that the recovery of passenger flows in Lithuania takes place a bit quicker than generally in Europe. Almost 168 thousand passengers travelled via the three airports […]
Already a few weeks ago, from moods in the financial markets, it could be predicted that the EU stimulus plan will be approved. Just there were questions on its nuances: how much funding will be […]
Entrepreneurs looking to offer something different to the traditional banking model and offer innovative, more efficient, and more accessible services, have a window of opportunity. Their strong market potential has been driven by the rise […]
In 2008, with the onset of the financial crisis and tightening of lending rules by conventional banks, access to funding, in particular for entrepreneurs of small businesses and start-ups had become more difficult. It was […]
On the News radio (“Žinių radijas”) show, Lithuania‘s bank board‘s director Vitas Vasiliauskas said that whilst the world economic scenario is being portrayed dramatically in Lithuania, the visible signs of ambiguity are preventing from making […]
The post-financial crisis period of 2010-2019 proved that the Baltic economies are able to cope and recover from large economic downturns successfully. During this period, the Baltics have seen growth in private capital manager’s activity, […]
Several years ago, Ukraine became an attractive place for investors in the green energy sector after having established beneficial green tariffs – the payments for electricity produced from the renewable sources of energy. In addition […]
A Spinter Tyrimai survey of Lithuanian residents performed in April on the current financial situation has revealed that within the coming three months, citizens are not planning any expenses. With the lockdown underway, the study […]
After imposing the quarantine, all countries, including Lithuania, witnessed drastic changes in data consumption habits. Most mobile network operators noticed people having more and longer calls, with up to 100% increase in voice services. The […]
The COVID-19 pandemic paralyzed a significant number of businesses, but startups make the most of this situation: Lithuanian start-up developers say that responding in a timely manner to customer orders is a major challenge for […]
In order to reduce the consequences of the economic crisis caused by the coronavirus in Lithuania, the Lithuanian brewery Gubernija is launching a national movement “Savi už savus” (“Locals for Locals”) to support small and […]
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