Economy
Economy
Economy
Lithuanian transport service loss in Russia offset by EU
Exports of transport services to Russia is offset by providing more of these services to the European Union (EU) countries. The results of the Lithuania’s Review of the first half of the year, prepared by the Bank of Lithuania, show that the most rising exports markets are to Austria, Denmark and France, the Ministry of Transport and Communications said. […]
Economy
Bankers among most-quoted opinion leaders in Lithuania
Between January and June 2015, Swedbank Lithuania’s chief economist Nerijus Mačiulis was quoted nearly 600 times in the media and was the most quoted opinion leader in Lithuania, a study of the market research company TNS LT shows. […]
Economy
Economy
Lithuania’s 2016 budget is aimed at boosting consumption, finance minister says
Lithuanian Finance Minister Rimantas Šadžius says that next year’s budget has been drafted to give a boost to the country’s slowing-down economy, noting planned increases in the minimum wage, in the non-taxable income tax threshold and in salaries for public sector employees will stimulate domestic consumption. […]
Economy
Lithuanian social insurance fund’s deficit to narrow 48 percent in 2016
The gap between revenue and expenditure of Lithuania’s State Social Insurance Fund, the Sodra, next year is expected to narrow by around 48 percent to 95.494 million euros, according to its draft 2016 budget. […]
Economy
European Commission criticizes Lithuania for poor VAT collection
The level of VAT revenue collected in Lithuania is well below that which could be collected, the European Commission has said. […]
Economy
96 hours with the leaders of the world
World Leaders Forum in Davos is one of the most prominent events where the leaders of the world meet. The only one youth representative from Lithuania – coordinator of Global Shapers network Andzelika Rusteikiene – has gained the opportunity to take a closer look at Forum. […]
Economy
Economy
Vilnius Airport to close for runway reconstruction in 2017
It has been announced that the runway of Vilnius Airport will undergo reconstruction in the summer of 2017 – from 14 July to 18 August. Throughout this period, airplanes will not be landing in Vilnius, most airlines intend to reroute flights to Kaunas and Palanga during this time. The infrastructure needed to service the flow of passengers in other cities is being estimated at the moment. […]
Economy
Kaunas to introduce ‘pillow tax’
Guests staying in hotels and private apartments in Lithuania’s second-largest city of Kaunas will have to pay a EUR 0.5 “pillow tax” for every night spent as of January 1, 2016. […]
Economy
Lithuanian snatches first iPhone 6s in New York
Sworn Apple aficionados often spend hours queuing at Apple stores before the launch of a new product. The new iPhone 6s, which hit the shelves on Friday, had buyers crowd all night to be the first ones to leave with the new gadget. The lucky first customer at the Apple store in Manhattan was a girl from Vilnius. […]
Economy
Lithuanian airports bring in consultants to assist in concession project
Lithuanian airports announced a public tender regarding the advisory services for the concession project. The consultant is expected to advice on all financial, tax, legal and technical issues arising in the drafting of the concession project. It is planned that Lithuanian airports will commence work with the selected consultant from Lithuania or abroad starting with January next year, Vilnius Airport reports. […]
Economy
Economy
Regulator suspends operations of Lithuania’s tour operator Ditmos Projektai
Lithuania’s Tourism Department has suspended operations of a tour operator, making it the second tourism agency to lose license this year. […]
Economy
TechCrunch names Alisa Matsanyuk as one of world’s most influential women in the tech industry
TechCrunch, one of the most popular technology portals, has named 30 women who have conquered the technology industry. Among them is Alisa Matsanyuk, the founder of leading mobile game developer Game Insight and recently opened maker space Green Garage. […]
Economy
Lithuania starts Volkswagen probe
The Lithuanian Environment Ministry has started a probe to find out how many Volkswagen cars equipped with software designed to cheat emissions tests there are in the country and what sanctions could be imposed on the German carmaker. […]
Economy
British NHS dental patients start visiting Lithuania
Dental clinics in Lithuania reported an increase in patients from Britain getting part of the treatment costs reimbursed by the NHS. The British National Health Service (NHS) provides healthcare of which the vast majority are free at the point of use for people legally resident in the United Kingdom. Patients elect to travel abroad where there are no excessive waiting lists. […]
Economy
CIO of Virtustream: Our office in Kaunas has ‘Silicon Valley startup’ feel to it
Van Williams, CIO, chief of product engineering and manager of Virtustream development centre in Lithuania, says that the Baltic countries should be more active in attracting global funding. Also, he is convinced that the main asset of any business are innovative professionals, discovered and fostered by universities. […]
Economy
Lithuanian PM wants to ban alcohol sales in petrol stations
Prime Minister of Lithuania, Algirdas Butkevičius, says a ban to sell alcohol in petrol stations would help reduce alcohol consumption. […]