Lithuanian businessman Mindaugas Marcinkevičius, a minority shareholder in the company that operates the country’s biggest grocery chain Maxima, is to go to the Luxembourg courts to contest a €90-million loan at below-market interest rates that the company extended to Luxembourg-registered businesses owned by another shareholder. […]
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. […]
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. […]
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. […]
Lithuanian Railways is to borrow €68 million from the European Investment Bank (EIB) to fund a series of infrastructure improvements. […]
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. […]
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. […]
The Ministry of Finance has proposed an overhaul of Lithuania’s State Tax Inspectorate (VMI), cutting the number of regional divisions in half. […]
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). […]
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. […]
Many Lithuanians are still keeping large amounts of money at home rather than lodging it in a bank, according to a new survey. […]
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. […]
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. […]
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. […]
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