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. […]
The key risks to Lithuania‘s financial system come from geopolitical tensions in Eastern Europe and a prolonged low interest rate period, according to a survey by the Bank of Lithuania. […]
Walking through Tokyo Station on a weekday morning with tens of thousands of people leaves the impression of a well orchestrated ballet where the dancers manage to find their way through what looks like a labyrinth of train lines, subway, shopping areas and high speed train lines. Most of these people are the backbone of the innovative Japanese economy. […]
During its first year of activities, the Centre for Information Gathering and Management at the State Environmental Protection Agency (VAAT) of Lithuania, established back in autumn of 2014, received over 11,000 reports on violations of environmental protection requirements, Lithuania’s Ministry of Environment said. […]
The executive director of Association Infobalt, Paulius Vertelka, and the developer of the mobile app Plag, Ilya Zudinas, are Lithuania‘s representatives in the top 100 list of Central and Eastern European innovators. […]
President of the Lithuanian Confederation of Industrialists (LPK) Robertas Dargis says that the shortage of specialists and growing migration to foreign countries and Lithuania’s major cities will first pose problems for rural areas. […]
While on his working visit to China, Lithuanian Prime Minister Algirdas Butkevičius met with the management of the country’s industrial corporation China Merchants Group (CMG) to sign agreements between the Klaipėda Free Economic Zone and CMG, as well as the Klaipėda State Seaport Authority and CMG, the press service of the Lithuania Government said. […]
Statistics Lithuania has released its annual publication Natural Resources and Environmental Protection for 2014. […]
Officers of the Anti-Terrorist Operations Unit of the Lithuanian police, Aras, are supplementing their income by working for private security companies and safeguarding ships from pirates in the Indian Ocean. Elite police officers are forced to work abroad because the Lithuanian state does not pay them enough, LNK TV reports. […]
Fewer businesspeople in Lithuania think underground economy is a problem than a year ago. However, Lithuania has a far bigger black market than the Central and Eastern European average, research shows. […]
Negotiation groups of the Baltic States and the European Commission signed three agreements in Tallinn securing EUR 734 million funding from the EU for new Rail Baltica development stages in Estonia, Latvia, Lithuania and Poland. […]
The Seimas, the Parliament of Lithuania, has rejected the initiative to introduce progressive taxation. […]
The Small Business Act for Europe report shows that Lithuania exceeded the EU average in areas of entrepreneurship, administration, state support, public procurement, funding possibilities and the overall market situation. […]
During the Lithuanian-Chinese business forum on Monday in Beijing, cooperation agreements were signed between the Chinese telecommunications company Huawei and Vilnius University (VU), Vilnius Gediminas Technical University (VGTU) and Kaunas University of Technology (KTU). […]
On 19 November, a shipment of euro banknotes arrived in Vilnius International Airport. From there, the euro banknotes, with a police escort, were safely delivered to the Bank of Lithuania‘s vaults, the country’s central bank said. […]
The Lithuanian Agriculture Ministry, the Lithuanian State Food and Veterinary Service and China‘s General Administration of Quality Supervision, Inspection and Quarantine have signed a protocol requirements for exporting Lithuanian dairy products to China. […]
The government has approved the bill on the Lithuanian airports concession, which is expected to boost competitiveness of Lithuania’s air transport system. […]
Lithuania’s draft budget for 2016 allows for conservative optimism, says Loreta Graužinienė, speaker of the Seimas. According to the parliament’s leader, there is no risk that budget spending would exceed income in 2016 more than projected. […]
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