Entrepreneurial activity is booming in Lithuania’s three biggest cities – Vilnius, Kaunas, Klaipėda – and the coastal resorts of Neringa and Palanga, according to the 2015 Entrepreneurship Map from the Lithuanian Central Credit Union (LCKU). […]
4finance, the leading consumer credit company in Lithuania, has had its licence revoked by the Bank of Lithuania following repeated violations. […]
“The transport sector is one of the major and most significant components of economic and social infrastructure. It is, therefore, necessary that particular attention is paid to it. During the 2014-2020 financial period, more than EUR 1.5 billion in EU structural funds are to be invested in this sector,” says Lithuanian Minister of Transport and Communications Rimantas Sinkevicius. […]
At the Tenth WTO Ministerial Conference on 17 December in Nairobi, Lithuanian Deputy Minister of Foreign Affairs Raimundas Karoblis urged WTO members not to take the smoothly functioning multilateral trade system for granted. Karoblis emphasized that all WTO members, the world’s largest economies in particular, must comply with the WTO’s rules and fulfil the obligations they have undertaken, the Ministry of Foreign Affairs reports. […]
Forum Cinemas, the Finnish company operating the biggest chains of cinemas in Lithuania, has been hit with a nearly €1.4 million fine for a cartel agreement. […]
Bankruptcy administrator of bank Snoras has taken an unexpected step in order to sell property of the bankrupt bank as effectively as possible. Snoras’ movable property was put on sale on e-commerce website eBay. Used electronic devices and computer equipment will be sold on the globally popular website. […]
On Wednesday, the European Commission adopted the new cross-border cooperation programme INTERREG V-A Lithuania – Poland, whose total budget is €62 million, of which more than €53 million will be provided from the European Regional Development Fund (ERDF). […]
In the third quarter of 2015, the employment growth rate in Lithuania was 0.2% compared with the previous quarter, while the change compared with the same quarter a year ago was 0.1%, Eurostat, the statistical office of the European Union (EU), said. […]
Lithuania’s average monthly inflation, calculated based on the harmonised index of consumer prices (HICP), is projected to be negative and stand at minus 0.2%, compared with prices recorded in November. […]
Lithuania’s economy should grow 2.9% next year, almost double this year’s rate of 1.7%, according to the director of Economics and Financial Stability Service of the central Bank of Lithuania. […]
With several high-profile success stories, the Lithuanian start-up scene is showing much promise, although entrepreneurship support infrastructure still needs work in order to propel the country into becoming a global powerhouse. […]
The Bank of Lithuania has released a new euro coin which is a tribute to the Lithuanian language. While some of the one million new coins will be reserved for collectors, most will be put into circulation, according to Miglė Mockutė-Zaleckienė, a representative of the Bank of Lithuania. […]
With a population of three million, maintaining three international airports is a luxury for Lithuania. […]
Petrol prices continue to rise in Lithuania even as oil prices fall, leading to a call for an investigation into the petrol station market and for the possible introduction of fuel price regulations. […]
A new survey, commissioned by the Lithuanian Real Estate Development Association and carried out by the Labour and Social Research Institute, shows that as Lithuania’s population continues to shrink, labour force shortages might be one of the country’s biggest challenges within a decade. […]
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