The company Lithuanian Shipping Company (LSC), whose vessels remain arrested in foreign ports and which suffers from an extremely complicated financial situation, will have to file for bankruptcy, said Lithuanian Transport and Communications Minister Rimantas Sinkevičius after a meeting with President Dalia Grybauskaitė on Wednesday. […]
State company Lithuanian Railways, which is 100-percent owned by the Ministry of Transport and Communications, is acting like a state within a state, says President Dalia Grybauskaitė, adding that the company’s “lawlessness and irresponsibility” can cost very dearly to all taxpayers. Her comments came after a meeting with Transport and Communications Minister Rimantas Sinkevičius. […]
Before the start of the Baltic Investors Forum on June 4–5 in Vilnius, some of the world’s most prominent economists shared their insights on major economic threats facing the world in the nearest future. […]
Saulius Skvernelis, Minister of Interior of Lithuania, instructed his staff to draft a new procedure which will significantly ease and speed up the process for non-EU companies planning to invest in Lithuania. […]
Products sold on the internet for a couple of euros and the possibility to purchase them in any country for such a low price is a real horror for local sellers. Chinese suppliers may be closer than ever before – China’s e-commerce companies are already cooperating with European logistic companies. “Lithuanian Post” is among the open gates for China, enabling them to reach European and Russian markets. […]
Bankruptcy administrator of bank Snoras has started a new stage of property sales. The plan is to sell more than 1,500 movable and 250 immovable properties, including the bank’s former headquarters in Vilnius. The building, located on Vivulskio Street, will be the most expensive item on the list. Its initial price will be set at EUR 5.31 million. […]
A meeting between new Ambassador of Iraq to Lithuania, Asaad Sultan Hachim Abu Galal, and representatives of Lithuanian meat processors interested in export opportunities to Iraq was organised at the Ministry of Foreign Affairs on Monday. […]
On 17 July, Lithuanian bank Šiaulių Bankas acquired 100 percent of the shares of AB Bank Finasta and the financial brokerage firm AB FMI Finasta for the sum of EUR 6.19 million, Šiaulių Bankas reports. […]
The Bank of Lithuania with the Ministries of Economy and Finance have formulated and submitted to the Government proposals for measures whose implementation is expected to promote small- and medium-sized (SMS) business financing in Lithuania through the use of capital market instruments, the Bank of Lithuania reports. […]
Lithuania’s electricity transmission system operator Litgrid has updated minimum qualification requirements for its potential contractors. The updated requirements aim to make the evaluation process of the contractors more precise and efficient, as well as promote competitiveness within the energy industry companies, Litgrid reports. […]
The first estimate for euro area exports of goods to the rest of the world in May 2015 was EUR 164.4 billion, an increase of 3 percent compared with May 2014 (EUR 160.2 bn). […]
Statistics Lithuania has released an annual publication Bankruptcy of Enterprises 2014. […]
Officials of Special Investigation Service (STT) detained two CEOs for an attempt to bribe an employee of the Lithuanian Competition Council (KT). The KT‘s employee refused to accept 14,000-euro bribe, an equivalent of the employee’s annual salary, in exchange for a favourable decision in a suspected bid rigging case. […]
It has been a good year so for Lithuania’s airports with traffic across its three biggest gateways up by 11% in the first five months of 2015. […]
What should Lithuania make of the European Union’s intention to distribute refugees, who are coming in droves to Italy and Greece, among all member states? Economists at the Baltic Investors Forum discussed whether these people could help solve the country’s labour force shortage. […]
Vilnius authorities have postponed discussions on the introduction of a “pillow tax” of 50 euro cents as of next year, the spokesman for Vilnius Mayor Remigijus Šimašius told BNS on Wednesday. […]
Lithuania’s Special Investigation Service, police, State Border Guard Service, State Security Department and military intelligence were looking into possibilities to secretly purchase, via intermediates in Lithuania, secret surveillance equipment produced in Italy but the deal failed as it was too expensive, the 15min.lt news website reports, citing WikiLeaks. […]
The new fees aren’t making Vilnius tourism representatives happy, but they understand that the capital city must invest more into promotion. […]
Lithuania listed as one of the main destinations for Britain’s nationals seeking healthcare abroad, according to RT. […]
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