Economy
Unemployment in Lithuania edges down over quarter
Statistics Lithuania reports that, according to the Labour Force Survey data, in the second quarter of 2015, the unemployment rate stood at 9.4 percent. […]
Economy
Economy
Lithuania – one of underrated beer countries of Europe
Forget Belgium, Germany and the Czech Republic – there are other nations in Europe that brew excellent beer. And Lithuania is one of them, according to TravelPulse.com. […]
Economy
Economy
Lithuania to allocate EUR 50m to pay construction companies for renovation programme
Prime Minister Algirdas Butkevičius says that additional EUR 50 million will be allocated to settle with companies that have been carrying out renovation works. […]
Economy
Lithuanian PM says higher pensions won’t derail welfare system
Lithuanian government’s plans to increase pensions early in 2016 would not dig Sodra, the state social insurance fund, into a deeper financial hole, the prime minister said. […]
Economy
Lithuania’s environmentalists to inspect green waste processing by general public
As of 1 August, the environmentalists throughout Lithuania are closely monitoring whether the general public processes the green waste properly and whether it complies with the prohibition to incinerate that type of waste. […]
Economy
Lithuanian government backs car registration ban for fine dodgers
The Government of Lithuania on Wednesday backed the Ministry of the Interior’s proposal to introduce a ban to issue or replace driver’s licenses to drivers who do not pay fines for traffic rules violations. […]
Economy
Indie developers JetCat Games receive first venture capital in Lithuanian gamedev industry
JetCat Games, founded by three game developers from Belarus, Ukraine, and Russia, has just marked a new milestone in the Lithuanian gamedev industry by becoming the first game developer to receive venture capital from a Lithuanian risk capital fund. The indie game development company, which moved to Vilnius almost a year ago, has just received EUR 100 000 from Lithuania-based venture fund Practica Capital. […]
Economy
Lithuanian president says market has to regulate milk prices
Despite a difficult situation in Lithuania’s milk sector, President Dalia Grybauskaitė says that prices have to be regulated under market conditions rather than artificially. […]
Economy
Economy
Lithuanian game developer with 30m users aiming to triple revenue in 2015
With over 30 million downloads worldwide of their game development platform, Kaunas-based TutoTOONS is going from strength to strength. Established as a start-up two years ago by two Lithuanian game developers, the company now has 15 staff in Kaunas and Barcelona, and has ambitious plans for further expansion. One of TutoTOONS’s founders, Mantas Radvila, makes no secret of the fact that he had a chance to settle in the US and develop his business there, but chose Lithuania instead. DELFI, a Lithuanian media network, caught up with Mr Radvila to discover the reasons behind this decision, and what the secret of the company’s success is. […]
Economy
Baltic digital media agency expands its footprint to Uruguay
FCR Media, the leading Digital Media Agency controlled by the Baltic private equity fund BaltCap, expands its operations to Uruguay. Through the acquisition of controlling stake of Volt Directories S.A. Ltd. in Uruguay, FCR Media Group enters its 1st market in Latin America and adds the 12th market to its diversified portfolio of geographies. This is the first investment in Latin America by FCR Media, which offers integrated media solutions for digital campaigns of SMEs. […]
Economy
Cargo handling grows in Klaipėda Seaport
From January to June of 2015, Klaipėda Seaport cargo handling turnover increased by 6.2 percent to 18.86 million tons or 1.1 million tons more compared with the corresponding period of 2014, the port reports. […]
Economy
Lithuania loosens rules for for haulers
On 31 July, Lithuanian Minister of Transport and Communications Rimantas Sinkevičius signed order regarding the authorization of permits to drive on the state roads for over-dimensioned and heavy goods vehicles, the ministry reports. […]
Economy
Lithuania’s foreign trade balance deficit at EUR 0.3bn in June
Statistics Lithuania reports that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, Lithuania’s exports in June 2015 amounted to EUR 2 billion, imports – EUR 2.3 billion. […]
Economy
Lithuanian exporters weather through one year Russia’s embargo with heads held high
Statistics Lithuania reports that in June, the volume of Lithuania’s exports decreased by 3.6 percent on a year-on-year basis. But the decrease was influenced by a significant fall of re-exports, since exports of Lithuanian-made goods grew by 3.7 percent. […]
Economy
Lithuanian mobile game casts players as Greek deities in training
You can build a big mobile game company anywhere these days. The latest proof comes from Klapėda, Lithuania, where Realore Games is announcing the launch of its free-to-play mobile game Divine Academy. […]
Economy
Economy
Lithuania introduces stricter speed limits due to heat
Additional speed limits may be imposed in Lithuania due to the continuing heat spell, the Road Administration said on Friday. […]
Economy
Maxima owners deny tax evasion accusations
The private holding company Vilniaus Prekyba UAB, one of the largest Lithuanian groups of private companies and owner of the international retail chain Maxima, has rejected reports in the media that the company is using tax evasion schemes. […]