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. […]
While the global fall in stock markets is affecting the performance of the Lithuanian and Baltic stock markets, the macro-economic performance of Lithuania and the Baltic states will have more of an influence on whether stocks rise or fall in the near future. […]
Four Lithuanians have been ranked among the highest earning professionals in the institutions of the European Union. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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”. […]
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. […]
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