Economy
Four Lithuanians ranked among highest earning EU officials
Four Lithuanians have been ranked among the highest earning professionals in the institutions of the European Union. […]
Economy
Economy
Higher minimum wage will lead to higher prices
A higher minimum wage, which will increase again in July, will inevitably lead to higher service prices, according to economists. Experts expect inflation to accelerate alongside growing pay. […]
Economy
Record turnover at Klaipėda port
Klaipėda Seaport handled nearly 38.5 million tons of cargo last year, 1.85 million tons more than the highest level ever recorded for a year. […]
Economy
Lithuania to redraw regional divisions to maximize EU support
The Lithuanian government has endorsed a proposal to redraw the country’s regional divisions in order to keep some of the European Union support after 2021. […]
Economy
Economy
Economy
Lithuanian tourists stranded in Georgia after cancelled flight
Some 150 Lithuanian tourists got stuck in an airport in the Georgian city of Kutaisi after an airline cancelled its flight on Monday due to adverse weather conditions. […]
Economy
Airfields to be sold to municipalities
The management of Lithuania’s airfields will be entrusted to municipalities after a decision by the government‘s Strategic Committee. However, Interior Minister Saulius Skvernelis said that municipalities would not be forced to take the responsibility for the airfields. […]
Economy
Economy
Tax and legal changes to drive growth in 2016
With the new year will come new changes to Lithuania’s tax codes and other laws that will change residents’ everyday lives and hopefully propel the country towards continued growth. […]
Economy
Economy
Modest growth or stagnation: what happened in Lithuania in 2015?
According to Gitanas Nausėda, the advisor of the president of SEB Bank, 2015 wasn’t a very special year for Lithuania, though, considering Lithuania’s GDP growth, it would be wrong to call it a stagnant year as well. […]
Economy
Will Lithuanian startup Yplan become first billion dollar company?
Lithuanian start-up YPlan, an event discovery and booking app created by two Lithuanians in London, has gained recognition from one of the most influential technology blogs in the world – VentureBeat. The portal added the Lithuanian project to a list of 15 startups worth following. […]
Economy
Government budget plans for 2016 divide experts
The Lithuanian parliament, with the blessing of President Dalia Grybauskaitė, approved a generous government budget for the year 2016 but views of whether such a budget is prudent are mixed. […]
Economy
How will the Ukraine-EU association agreement help Lithuanian businesses?
The association agreement between the EU and Ukraine, which was signed in 2014 but only came into effect on 1 January, will have a range of effects on the economies of both Ukraine and the EU. Rimantas Šėgžda, the Lithuanian Commercial Attache at the Embassy of the Republic of Lithuania in Ukraine, discussed how the changes will impact Lithuanian businesses. […]
Economy
Top ten best paid jobs in Lithuania in 2016
IT specialists will continue to be best-paid professionals in Lithuania’s labour market in 2016. Such is the demand for their skills that they are often able to demand salaries comparable to those in Western Europe – and employers comply. […]
Economy
Court orders freezing of dairy tycoon assets over row with Swedish investment fund
A court has ordered the freezing of the assets of businessman Antanas Trumpa, the biggest shareholder in the dairy company Rokiškio Sūris, pending a lawsuit by East Capital. Trumpa says that the claim against him by the Swedish investment fund is “blackmail”. […]
Economy
Why is Lukoil really leaving Lithuania?
Just before Christmas, Lukoil president Vagit Alekperov announced that Lukoil would start to withdraw from Lithuania and Latvia. However, for a number of Lithuanian economists it appeared strange that one of the main reasons why Lukoil said that it had decided to withdraw from Lithuania and Latvia was not linked to the company‘s move to performance optimization and a switch on the wholesale oil market, but rather the anti-Russian mood in the two countries, alfa.lt reports. […]
Economy
Economy
Lithuanian export downturn predicted by producers and exporters
In the upcoming months, Lithuania’s producers and exporters predict a decrease in Lithuanian industrial exports. According to a poll distributed to the heads of industrial companies by Statistics Lithuania, 14 percent of businesses predict a decrease while 17 percent predict an increase (a month ago, these percentages were 12 and 31 percent, respectively). […]