Economy
Train speed limits introduced due to hot weather in Lithuania
Lithuania’s railroad network administrator, Lithuanian Railways, has decided to limit train speeds due to an intense spell of hot weather. […]
Economy
Economy
Achema’s biggest shareholder is not going to sell
Lithuanian Prime Minister Algirdas Butkevičius says that he has received personal reassurance from Lyda Lubienė, the main shareholder of the fertilizer manufacturer Achema, that she is not going to sell her shares in the concern which has been eyed by Russian investors. […]
Economy
Lithuanian Shipping Company gets new chief
Sigitas Dobilinskas has been appointed to head Lithuania’s financially troubled state-owned Lithuanian Shipping Company (Lietuvos Jūrų Laivininkystė). […]
Economy
Retail chain Fresh Market leaves Lithuania
The retail chain Fresh Market is going to close all of its shops in Lithuania, vz.lt reports. […]
Economy
Vilnius launches latest stage of western bypass construction
Vilnius city has officially announced the beginning of construction of the third stage of the Western bypass. During the opening ceremony, the largest transport infrastructure company in Lithuania, Kauno Tiltai, promised that cars would be driving through the bypass in 2016, Vilnius City Municipality says. […]
Economy
Lithuanian Railways to grant EUR 3m loan to LJL
Lithuania’s state-owned railway operator Lietuvos Geležinkeliai (Lithuanian Railways) will provide a 3-million-euro loan to financially-troubled Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL). […]
Economy
Economy
Lithuanian minister: We will not be able to stop ASF without EU’s help
Lithuanian Agriculture Minister Virginija Baltraitienė says that the Baltic states and Poland will not be able to stop the spread of African swine fever (ASF) without additional help from the European Commission. […]
Economy
Enterprises in Lithuania employed 935,000 in 2013
Statistics Lithuania in its annual publication Structural Business Statistics Indicators 2013 reports that back in 2013, there were about 183,000 active enterprises in the country, which employed about 935,000 people. Over the year, the number of enterprises increased by 9.2 percent, the number of persons employed in them – by 4.3 percent. […]
Economy
Activities of foreign affiliates in Lithuania grow
Over the last year, the proportion of foreign-controlled enterprises in Lithuania increased by 7 percent. […]
Economy
Swedbank issues EUR 11m loans to Linas Agro Group companies
Swedbank has granted more than EUR 11 million in loans to poultry farmers and producers – leading Latvian poultry producer AS Putnu Fabrika Kekava has been assigned EUR 9.48 million, whereas the associated company SIA Lielzeltini – EUR 1.91 million euros. The loan will be used to carry out renovations of bird enclosures and infrastructure, modernize the meat processing plant and purchase the new equipment, Linas Agro Group reports. […]
Economy
Unemployment in Lithuania at 8.5 percent in June
In June 2015, Lithuania’s seasonally adjusted unemployment stood at 8.5 percent, slightly up from May with 8.2 percent but down from 10.9 percent compared to June 2014. This June, there were around 127,000 job-seekers in Lithuania, Eurostat, the statistical office of the European Union (EU), reports. […]
Economy
Cross-border healthcare – a slow take up for Lithuania
When it comes to cross-border healthcare, for countries like Lithuania the vision was to offer Western countries shorter waiting times and significant reductions in treatment costs. […]
Economy
China advises Lithuanian companies to make clusters
A delegation of the Chinese Ministry of Commerce has visited the Lithuanian Ministry of Economy. […]
Economy
Russia asks Lithuania to stop import of Dutch flowers
On 30 July, the State Plant Service under the Ministry of Agriculture of Lithuania received a note from the Russian food safety supervising authority Rosselkhoznadzor where Russia asks the Plant Service to temporarily suspend phytosanitary certification of flowers grown in the Netherlands because harmful organisms were allegedly found in flowers brought from Lithuania. […]
Economy
Political scientist: Russia could exert influence on Lithuania via Achema Group
The Kremlin could exert influence on Lithuania and try to destabilize the country if Russia’s chemical concern EuroChem Group were to acquire Achemos Grupė (Achema Group), one of Lithuania’s largest concerns, that owns a large fertilizer plant in Jonava and the largest stevedoring company in the port of Klaipeda, a political scientist has said. […]
Economy
Nearly three-fourths of Lithuanians positive about euro
The Lithuanians have warmed further towards the euro after the country’s switchover to the single currency early this year, the recent Eurobarometer survey has shown. […]
Economy
Situation on board of Lithuanian LJL’s ships stuck abroad getting worse
Situation on board of four ships of Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL) stuck in foreign ports is getting increasingly worse. […]
Economy
Lithuania will host 100 startup founders
One hundred young startup founders will come to Lithuania on October 1st-4th to take part in youth Davos which is also referred to as Shape Europe event. It is the annual meeting of World Economic Forum Global Shapers community that brings together its members from all over the world to discuss and proactively impact the global agenda. […]
Economy
Russian intentions to invest in Lithuanian company trigger national security concerns
After talks emerged about the Russian chemical company EuroChem Group entertaining plans to invest in Lithuania’s Achema Group, Lithuanian President Dalia Grybauskaitė said that any investor would have to go through scrutiny and meet strict national security criteria. Achema Group is the owner of fertilizer manufacturer Achema, one of the biggest companies in the country which is included in the list of enterprises with relevance to Lithuania’s national security. […]