Lithuania is approaching consumption levels comparable to the European Union’s average. With actual individual consumption in the country 19 percent below the average, it is not far behind the EU’s old-timers like Spain, Greece and Portugal. […]
Over the last two years, Lithuania has made significant progress in its fight against corruption, reveals the latest Eurobarometer study on Businesses‘ Attitudes towards Corruption in the European Union. […]
Since 2009, the Lithuania Tribune news portal has been bringing you the most insightful and relevant news about Lithuania and the Baltic region. Now we are relaunching our website and evolving our services in order to cater to the changing needs of our distinguished readership in a rapidly developing global media environment. […]
The Lithuanian Seimas (parliament) has adopted its state budget for 2016 and its expenditures exceed its revenues by 640 million Euros. The deficit budget was adopted in a vote of 76 for, 34 against, and 14 abstentions. The budget’s revenue, together with the European Union’s funds, is expected to amount to 8.046 billion Euros. Expenditures, on the other hand, are projected to reach 8.686 billion Euros. […]
The Lithuanian Government decided on Wednesday that representatives of associated business organisations may from now on become members of the Inter-agency Commission for Coordination of Fight against Corruption. […]
After the second reading of the draft state budget, leader of the Seimas opposition Andrius Kubilius criticised the governing parties for their “trite attitude” towards the findings of the National Audit Office and the European Commission. […]
After the second reading, the Lithuanian Seimas (parliament) backed next year’s draft state budget which was revised by the Government. The revisions include reduced structural deficit and additional appropriations for education and internal security institutions. […]
Head of Lithuania’s State Food and Veterinary Service (VMVT) Jonas Milius says that a ban on the transit of fish products, imposed by Russia on Lithuania, will not inflict significant damage because Lithuania’s fish exports to Russia are relatively small. […]
Lithuanian President Dalia Grybauskaitė opened new premises of Thermo Fisher Scientific in Vilnius, which produces magnetic beads that should become a serious antidote in the fight against oncological diseases and HIV. Lithuania is the first and currently the only country in the world starting to produce technological products of such level, the presidential press service said. […]
In the opinion of a seventh of the polled residents of Lithuania, the economic situation in the country has improved over the last two months, while more than one in ten also saw positive changes in their household finances. […]
It has been almost a year since Lithuania has abandoned its national currency for the euro, but many Lithuanians still cling to the litas. A recent survey shows that two out of three Lithuanian shoppers would prefer to see prices indicated in both currencies, the litas and the euro, TV3 television reports. […]
On April 8, 2016, innovation-minded business people and officials, investors, and start-ups from all over the world will be paying a visit to the capital of Lithuania as venture capital fund Nextury Ventures, in association with Vilnius City Municipality, will be holding a conference “The Bitcoin Conference 2016”, the largest cryptocurrency conference in the Baltic states, featuring insights from US investors, experts, practitioners, start-ups, and officials. […]
A Baltic Sea region index compiled by Swedbank shows that despite considerable progress, Lithuania is still not as competitive as it could be. Lithuania was placed among the top third of the most competitive countries in the world, which is a better result than last year, but essential progress is still needed. […]
Lithuania has landed the first spot in the list of countries with best public WiFi in the world for the second year in a row. […]
On Wednesday, the government of Lithuania approved minimum wage raise up to 350 euro per month. The new rate will apply from January 1, 2016. […]
With implemented structural reforms, infrastructure development and innovations, Lithuania could be among the top most competitive countries in the world, say representatives of the World Economic Forum who shared their experience in the Annual Economic Forum organised by the Lithuanian Confederation of Industrialists. […]
As of 1 January 2016, Lithuania is going to join the electronic euro payments area SEPA, encompassing 34 countries. From that day, the same payment order form will be completed for domestic payments and payments to other SEPA countries, whereas one account in any SEPA country will be enough in order to perform or receive payments, the Bank of Lithuania reports. […]
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