Economy
Lithuania begins blocking international betting websites
Lithuania has begun blocking access to the websites of some foreign online betting companies after tightening controls on online gaming operators at the start of this year. […]
Economy
Economy
Debt hits families with instant credit hardest in Lithuania
For almost every second family with financial liabilities, those liabilities are a great financial burden, but households with instant credit face the most difficulties, according to the latest survey of household financial behaviour commissioned by the Bank of Lithuania. […]
Culture
Funding for Lithuanian filmmakers to increase in 2016
The Lithuanian Film Centre is set to increase its funding and support for Lithuanian filmmakers to €2.66 million in 2016 and expects the number of foreign productions filmed in Lithuanian to grow in the year ahead. […]
Economy
Lithuanian railways to borrow €68m from EIB for infrastructure investments
Lithuanian Railways is to borrow €68 million from the European Investment Bank (EIB) to fund a series of infrastructure improvements. […]
Economy
Illegal substandard poultry in Lithuanian supermarkets is old problem, minister says
Illegal poultry imports from Poland is an old problem that has not been dealt with properly, Lithuania’s agriculture minister said after law enforcement and tax authorities busted a network that processed and sold unaccounted and possibly substandard products. […]
Economy
Lithuania gives away €1m to airlines
The Lithuanian government has distributed €1 million among foreign airlines in order to add new routes and make the country more accessible by air. While state subsidies are a common measure of promoting incoming tourism, critics say additional flights will mostly serve Lithuanian migrant workers. […]
Economy
Structural overhaul of tax inspectorate proposed
The Ministry of Finance has proposed an overhaul of Lithuania’s State Tax Inspectorate (VMI), cutting the number of regional divisions in half. […]
Economy
Economy
Accessing bank account details to fight tax evasion ‘inefficient’, Seimas speaker says
Seimas Speaker Loreta Graužinienė has said she opposes recent proposals to have all commercial banks share information about account holders with the State Tax Inspectorate (VMI). […]
Economy
Why Lithuanians prefer to go bankrupt abroad
After Lithuania legalized bankruptcy procedures for individuals three years ago, only 17 people have made use of the relief from their debts by declaring bankruptcy. Another 900 have started bankruptcy procedures which take three years. Lithuanians who want to go bankrupt faster and easier still prefer to do it in Latvia or the United Kingdom. […]
Economy
Economy
Over half of Lithuanians stashing large amounts of money at home
Many Lithuanians are still keeping large amounts of money at home rather than lodging it in a bank, according to a new survey. […]
Economy
Economy
Which Lithuanian ministers get the highest salaries?
Prime Minister Algirdas Butkevičius is the highest paid member of the ruling government with Defence Minister Juozas Olekas a close second. However, many government ministers are paid significantly less. […]
Economy
Tourist boost kicks off from BBC’s ‘War and Peace’ in Lithuania
The filming of War and Peace is already generating huge interest in visitor trips to Lithuania, with leading newspapers in the UK running features on how tourists can come to experience some of the locations from the blockbuster series. […]
Economy
Economy
Economy
New push to exploit Middle East markets for dairy and meat products
Lithuanian meat and milk processors and the Ministry of Economy have created a joint working group to prepare and implement a plan to expand Lithuanian food exports in emerging markets. […]
Economy
Economy
Owners of real estate abroad under scrutiny of Lithuania’s tax authority
Lithuanian nationals who own real estate in other European Union countries might have to explain its provenance to tax authorities. […]