The world economy is currently experiencing its worst crisis since the Great Depression. The outbreak of COVID-19 virus and measures to curb it’s spread has caused the greatest shock to the world economy since the […]
In preparation for construction tenders for the Rail Baltica stretch from Kaunas to Panevėžys, AB Lietuvos Geležinkelių Infrastruktūra will consult with market participants. It is expected that the consultations will help better prepare for the […]
Today, the Lithuanian startup ecosystem, which has been demonstrating rapid development rates for some time and can boast of successful results. According to the “Startup Lithuania” database, the number of innovative businesses registered in Lithuania […]
On April 9, the Ministry of Finance of the Republic of Lithuania and the Government prepared a draft law amending the application of the existing Law on Insolvency of Legal Entities. The new regulation focuses […]
Caught by the coronavirus pandemic, many governments are quickly reorienting themselves towards what was previously viewed as a utopian experiment – universal basic income. This idea now seems to be one of the few valid […]
With COVID-19 slowing the global economy, investors are beginning to turn to classes of property that are currently more stable, this including grain, Agrorodeo general manager Robertas Lapinskas wrote. Seeking to ensure sufficient financial flows […]
For Lithuania, which essentially grows grain for export and only consumes a small portion of it domestically, 2020 began favourably. The winter was warm and mild, and the plentiful as never before winter crops were […]
The coronavirus has brought in a great deal of uncertainty into most aspects of everyday life and particularly in specific business segments. The ones to suffer most are businesses, which are closely related to interactions […]
Official statistics show that the number of unemployed people surged in 2019 for the first time in several years. It is also noticeable that more and more workers come to Lithuania from third countries. The […]
Gradually declining throughout years of economic uplift, unemployment levels should remain stable or rise slightly this year, specialists predict. The long term unemployment and employment of older individuals will remain difficult situations, but a part […]
After almost half a century of membership, the United Kingdom left the European Union on January 31. In the face of this historic withdrawal, increasingly many Lithuanian citizens, who had emigrated to this country, are […]
REHAU, a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is establishing a cutting edge production facility in Klaipėda, Lithuania. The facility, which will be located in Klaipėda Free Economic Zone (FEZ), […]
The European Commission has launched a period of formal consultations on the establishment of a minimum wage in all countries of the European Union. What can be expected from such a measure, how employees and […]
The second decade of the 21st century, which was also the third decade after the re-establishment of the Republic of Lithuania, was exceptionally high. The 2010s in Lithuania were marked by a rapid rise of […]
President Gitanas Nausėda travelled to Brussels to negotiate regarding the upcoming European Union budget and the 2021-2027 financial perspective. So far, the proposals for it offer no consolation for Lithuania. Based on the European Commission’s […]
Lithuanian advances in terms of innovation might be promising; however, there is no time to be complacent. During the business lunch organised by the Danish, Finnish Norwegian and Swedish, Chambers of Commerce last Tuesday morning, […]
I am often asked when is the best time to buy property, and whether the property will become more or less expensive. Consider that last year there was a notable rise in demand (40 per […]
A new airport and seaport may emerge in Lithuania. Namely, such changes are currently presented in one of the country’s most important strategic documents that are currently being negotiated – Lithuania’s general plan up to […]
After the massive success of the “Vilnius – the G-spot of Europe” campaign, the Lithuanian capital is following its own footsteps and launching a new campaign, titled “Vilnius: Amazing Wherever You Think It Is.” The […]
Even though Coronavirus has not reached Lithuania to this day, a Lithuanian based company created a Coronavirus App. All three samples tested for the new coronavirus came back negative in Lithuania today according to the […]
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