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. […]
Economy
Economy
Lithuanian start-ups presented at the Seed Forum seminar in Stockholm
Lithuanian start-ups took the spotlight in an innovation seminar on 22 September in Stockholm, organized by the international investment Seed Forum together with consultation company DLA Nordic and the Lithuanian Embassy in Sweden. […]
Economy
EC officer: Lithuania shows what can be achieved in short time
Close cooperation with business is among the top priorities in the strategies of most European universities, and the achievements of Kaunas University of Technology (KTU) in this field are remarkable, says Heike Fischbach, Policy Officer for Education and Culture at European Commission’s General Directorate. […]
Economy
Lithuania elected to vice-chair World Tourism Organization’s Commission for Europe
During the 59th meeting of the World Tourism Organization (UNWTO) Commission for Europe, held last Sunday in Medellin, Colombia, Lithuania along with Switzerland and Montenegro were elected to chair the regional commission. […]
Economy
Wizz Air expands its base in Vilnius
Wizz Air, a leading low-cost airline in Central and Eastern Europe, implements its further expansion plans in Lithuania: 4th Airbus A320 aircraft is added to its base in Vilnius airport and started 5 new routes to Billund, Munich-Memmingen, Stockholm, Glasgow and Kiev, Vilnius Airport reports. […]
Economy
European Commission earmarks EUR 12.6m for Lithuania’s dairy farmers
The European Commission (EC) has earmarked 12.63 million euros in support to Lithuania’s dairy farmers, who sought a much larger amount of 32 million euros. […]
Economy
Leading Chinese mobile solutions company Fun Guide to open Lithuanian office
Fun Guide, China’s leading mobile e-commerce and integrated mobile solutions company, has chosen Lithuania as the location for its first office in Europe. The company, which counts among its customers a number of big Chinese players including major banks, will open Fun Guide Europe, a Vilnius-based mobile software development and data mining office, this autumn. The company is now recruiting a team of talented software specialists in Lithuania who will be responsible for developing new mobile software for the company and will also carry out big data analytics. […]
Economy
City of London delegation visiting Lithuania
On the invitation of Lithuanian Finance Minister Rimantas Šadžius, a delegation of the City of London, one of the key financial centres of the world, is visiting Vilnius on 14-15 September. […]
Economy
International conference in Stockholm discusses transport opportunities for Scandinavia and Baltics
On September 10th an international transport and logistics conference took place in Stockholm. On the initiative of the Lithuanian Embassy in Sweden, the conference was organized by Lithuanian Ministry of Transport and Communications, JSC Lithuanian Railways, port of Klaipėda, Turkish-Swedish business association Sweturk and International Swedish Freight association. […]
Economy
Kaunas Airport attracting aviation-related businesses with new AEROHUB KUN
Kaunas Airport is changing rapidly, with a progressive future vision. The creation of Lithuanian Airports last year, following the merger into one entity of Vilnius, Palanga, and Kaunas airports, has established a clear strategic direction. This sees Kaunas Airport become the base for aviation-related businesses through implementation of the AEROHUB KUN investment project, Invest Lithuania, the state investment promotion agency, reports. […]
Economy
Economy
Lithuanian company has job offers for refugees
As thousands of refugees fleeing wars in the Middle East and Africa arrive in Europe, Lithuania, too, is going to accept more asylum seekers than previously planned. Some employers in the country say they will welcome new potential employees. […]
Economy
Lithuanian unions stage rally in protest of labour code changes
Around one thousand people attended a rally outside the parliament in central Vilnius on Thursday, protesting against the government’s planned liberalization of the Labour Code. Rally organizers say the reform will reduce certain guarantees for workers. […]
Economy
Lithuanian parliament speaker: Two minimum wage raises next year
Speaker of the Seimas, Loreta Graužinienė, believes that the minimum monthly wage should be raised in two stages next year. […]
Economy
Google marketing manager: Business must understand how technology changes customer expectations
Marketing manager at Google Regimantas Urbanas says that internet enables direct service sharing; customers can get the necessary service from other customers. In this sense technology coerces businesses to improve, make creative decisions and communicate with their customers personally. Urbanas shared his insights on changes of customer‘s and entrepreneur’s behaviour in Vilnius Innovation Forum ‘Innovation Drift’ last week. […]
Economy
Economy
Belarusian businesses keep moving to Lithuania
The current unpredictable economic situation in Belarus, Russia and Ukraine forces businesses to seek a safe haven for their money and ideas in the West. From year to year, the number of companies that have moved from the CIS countries to Lithuania is increasing, Invest Lithuania, the country’s investment promotion agency, reports. […]
Economy
Central bank revises down Lithuania’s economic growth forecasts
Economists at the Bank of Lithuania, have revised down the country’s 2015 economic growth forecasts in view of latest trends in the domestic and foreign markets. However, employment and average wages will continue to grow, while decreasing general price level will increase the purchasing power of the population. […]
Economy
Economy
Lithuania’s labour unions to hold rally in Vilnius in protest of labour code reform
On Thursday, 10 September, Lithuania’s trade unions are organising the largest rally since the 2008 financial crisis. The event is to take place outside the Lithuanian Parliament in Vilnius. Approximately 2,000 people will protest against the planned labour code reforms, the so-called new social model. […]