Economy
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). […]
Economy
Lithuanian GDP growth may outpace Estonia’s in 2016
Lithuanian economic growth this year has been the slowest among the Baltic countries, but analysts at Danske Bank predict that the country’s gross domestic product growth next year will be faster than in Estonia and, in 2017, will bypass Latvia as well. […]
Economy
BuzzFeed says Lithuania is a place to visit in 2016
American news site BuzzFeed has announced 18 places in the world worth visiting in 2016. Lithuania is also on the list. […]
Economy
Lithuania launches comprehensive immigration information tool
A new information portal designed to ease immigration to Lithuania for highly-skilled specialists and investors from outside the EU is launching this week. The project, entitled Internet Gates, is managed by Invest Lithuania, the foreign direct investment development agency. […]
Economy
Only one third of Lithuanian companies taking opportunities to expand
Only about a third of the country’s entrepreneurs take active steps to achieve tangible results in looking for new business development opportunities, according to a new survey. […]
Economy
Economy
Shareholders sack CEO of Lithuania’s biggest consumer credit company after central bank’s sanctions
After the Bank of Lithuania revoked the licence of 4finance, the country’s leading consumer loan company, last week, it said it would contest the decision. Less than a week later, however, the company’s shareholders sacked its general manager Gediminas Velička. […]
Economy
Retirement pensions to be raised to €265
Average retirement pensions is to be raised by €8.21, to €265, as of January next year, the Lithuanian government decided on Wednesday. The decision will affect about 857,000 people. […]
Economy
Economy
Coca-Cola acquires Lithuanian bottled water producer Neptūnas
Coca-Cola is buying Lithuanian bottled water company Neptūno Vandenys. […]
Economy
Swedbank and Danske Bank deal may need Competition Council’s approval
Swedbank‘s deal with Danske Bank on taking over the latter’s retail banking services might put the Swedish bank into a dominant market position and therefore will need to be signed off by the Competition Council, a lawyer says. Still, there should be no trouble securing the competition watchdog’s approval, the business daily Verslo Žinios reports. […]
Economy
Uber in legal ‘grey area’, Lithuanian ministry says
Uber, the international ride sharing platform that has recently started operating in Vilnius, is balancing in the “grey area” of legality, a Transport Ministry official says. The ministry and the Lithuanian tax authorities are still waiting for full documentation from the company, Lietuvos Žinios reports. […]
Economy
Euro generates savings of over €125m for Lithuania
The introduction of the euro at the beginning of 2015 has had a significant economic impact on Lithuania, its citizens and businesses, according to the Bank of Lithuania (LB). […]
Economy
Vilnius airport celebrates 100-year anniversary
Vilnius International Airport is celebrating its 100-year anniversary in December this year. […]
Economy
Lithuanians still hold €152 million in Litas a year after adoption of Euro
Nearly a year has passed since the adoption of the euro, but nearly LTL 525 million (€152 million) in cash still remains unexchanged by Lithuanians. […]
Economy
Euro adoption helped Lithuanians save €40m
Lithuanian consumers and businesses saved some €40 million due to lower interest rates after the adoption of the euro a year ago, economists at the Bank of Lithuania say. Costs were also cut on currency exchange and due to lower rates on international money transfers. […]
Economy
Almost 1,300 government positions face axe under new plan
The Lithuanian government announced on Monday that it would scrap 1,290 positions in government agencies from April of next year. […]
Economy
President signs Lithuania’s 2016 budget into law
President Dalia Grybauskaitė signed the 2016 government budget on Monday. […]
Economy
Passenger numbers at Vilnius airport hit record level in 2015
Passenger numbers increased by 13% at Vilnius Airport in 2015 to a record three million travellers – the best performance in the history of the airport. […]