Economy
Ryanair to relocate Copenhagen base to Lithuania to avoid union strike
The airline confirmed in a press release on Friday that it will be officially closing down its Copenhagen base and relocating to Kaunas. […]
Economy
Economy
Prices of 44 types goods and services go up in June
In June, the average retail prices of 44 of the 100 main homogeneous consumer goods and services monitored by Statistics Lithuania increased. Prices of 39 goods and services decreased while 17 remained the same. […]
Economy
Lithuania’s foreign trade deficit stood at EUR 0.2bn in May
Statistics Lithuania reports that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in May 2015 amounted to EUR 2 billion, imports – EUR 2.2 billion. […]
Economy
Economy
Prosecutors to look into Air Lituanica’s legality
Vilnius City Municipality has turned to the Prosecutor General‘s Office asking to investigate if the capital of airline Air Lituanica was formed legally. […]
Economy
Economy
Flanders Investment & Trade to open representative office in Vilnius
Flanders Investment & Trade (FIT) will open its representative office for the Baltic States in Vilnius in 2016. The government of Flanders has adopted the decision with an aim to engage with a dynamic Baltic region more actively, Lithuania’s Ministry of Foreign Affairs reports. […]
Economy
Mediafon establishes holding company
Mediafon, Telecommunications and IT Company, operating in 4 continents with strong presence in the Baltics, establishes holding company to further boost profits, Arūnas Babrauskas, the CEO at Mediafon and Member of the Board said Thursday. […]
Economy
China’s stock market plunge may affect global trade, Lithuanian foreign minister says
China‘s stock market plunge may affect EU and global trade, Lithuanian Foreign Minister Linas Linkevičius said on Thursday. […]
Economy
Vilnius mulls introducing “pillow tax” next year
Vilnius authorities are considering to introduce a “pillow tax” of 50 euro cents as of next year, Vilnius Mayor Remigijus Šimašius said on Wednesday. […]
Economy
Economy
SAS adds more Palanga-Copenhagen flights
From 12 October, Scandinavian airlines SAS increases the frequency on Palanga – Copenhagen route by one third, the Palanga Airport authority said. […]
Economy
Economy
Retail trade in Lithuania down 1.2 percent in May
In May 2015 compared with April 2015, the seasonally adjusted volume of retail trade rose by 0.2 percent in the euro area and by 0.3 pct in the European Union. In May 2015 compared with May 2014 the retail sales index increased by 2.4 percent in the euro area and by 3.0 pct in the EU, said Eurostat, the statistical office of the European Union. […]
Economy
Economy
Lithuanian entrepreneurs impress investors
Asked to share his impression of the 2015 LOGIN, one of the biggest tech events in the Baltics held between 7–8 May in Vilnius, Marcin Hejka, Vice President and Managing Director of Intel Capital, Poland, revealed that he had observed “tremendous progress” in the Lithuanian market during the past 2 years. […]
Economy
Lithuania attractive destination for Italian investors
In recent years, Italian investors have shown increased interest in investment opportunities in Lithuania. […]
Economy
Latvijas Tilti challenges Lithuanian court’s decision on Vilnius bypass tender
A Lithuanian court on Friday allowed continuing with the 90-million-euro worth tender to build an extension to Vilnius western bypass, which was previously suspended by Latvijas Tilti and Kauno Keliai (Kaunas Roads). However, the leading Latvia’s road and bridge construction company and the Lithuanian road building company have already managed to contest this decision before the Lithuanian Supreme Court. […]
Economy
Vilnius court orders freeze on all assets of Air Lituanica
A court has ordered a freeze on all of the assets of Air Lituanica, a defunct airline that is indirectly owned by the city of Vilnius. […]
Economy