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. […]
Economy
Economy
Lithuanian GDP ‘to rise by over 3% every year to 2019’
Contracted export market and Russian economic stagnation last year slowed Lithuania’s gross domestic product growth, but this year the growth will be twice as fast and will rise from 1.6 to 3.2 percent, announces professional services company EY in the latest publication the Euro Forecast. […]
Economy
Economy
Economy
‘Increased consumer spending kept Lithuania out of recession in 2015’
Increased household consumption and investment are increasingly driving economic growth in Lithuania – without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists. […]
Economy
Tackling tax evasion sees Lithuanian government tax revenues rise 7%
Increased efforts to tackle tax evasion and the black market led to a significant increase in tax revenues for the Lithuanian government in 2015, according to Prime Minister Algirdas Butkevičius. […]
Economy
Economy
Restrictions on selling alcohol in non-grocery stores on way, says PM
The Lithuanian government is to draft legislation restricting the sale of alcohol in non-grocery stores, Prime Minister Algirdas Butkevičius said. […]
Economy
Lithuania’s energy provider hits Times Square as shares open on Nasdaq
On Monday, Energijos Skirstymo Operatorius, which is responsible for providing electricity and natural gas in Lithuania, opened for trade on the Nasdaq Vilnius stock exchange. To mark the occasion, the company’s name and logo were displayed on an enormous display in New York City’s iconic Times Square. […]
Economy
Startup investment fund planned by Ministry of Economy
The Ministry of Economy is planning a potential investment fund that would provide seed capital and co-investments to newly formed small and micro businesses, or startups. The measure being considered to form the fund would also help develop the alternative First North market, a stock exchange geared towards smaller companies in the Nordic region, by preparing those companies to enter the regulated securities market. […]
Economy
Chinese companies interested in Rail Baltica contracts
Chinese representative are coming to Lithuania to inspect Rail Baltica, the European-gauge railway project that will connect the Baltic states and Western Europe with a view to bidding for contracts, LRT reports. […]
Economy
New innovative Lithuanian smoke alarm launches globally
Technological innovation company Eldes has launched a globally unique smoke alarm called Fumerex. […]
Economy
Economy
Real estate tax revenue falls by a third
After the Constitutional Court approved a change to real estate tax codes last fall, real estate tax revenue dipped by a third from more than €1.5 million to half a million. […]
Economy
Lithuania to offer €10m to foreign investors for research
Lithuania’s Ministry of Economy to distribute €10 million from EU funds to foreign companies willing to invest in research in the country. […]
Economy
ESO starts trading shares on Nasdaq Vilnius
Electricity supply and natural gas distribution company Energijos Skirstymo Operatorius (ESO), the new company that was formed by merging the state-owned companies Lesto and Lietuvos dujos, started trading its shares on the stock exchange of Nasdaq Vilnius on Monday. […]
Economy
Economy
No exceptions for ‘light drinks or special events’ in new alcohol laws, says minister
Equally stringent restrictions on the sale of alcohol should apply to all kinds of alcoholic beverages and all sellers, said Lithuania’s Economy Minister Evaldas Gustas. […]
Economy
Lithuanian burger chain dramatically hits US market
Vilnius hamburger restaurant Drama Burger will launch in the US market this month, opening an outlet in the city of Tampa, Florida, US. […]
Economy
Lithuanian wireless fishing sonar wins innovation award at CES 2016
Deeper, a wireless fish-finding sonar device designed by a team of Lithuanian engineers, just won the award for best innovation in the wireless handset category at this year’s Consumer Electronics Show (CES), one of the biggest industry exhibitions in the U.S. It is the first time that a fishing device has won a major award at CES. […]