After the meeting of the government’s COVID-19 response committee, Prime Minister Saulius Skvernelis said: “It will be proposed tomorrow that the government introduce a nationwide quarantine at the end of the week, most probably from […]
With the Homeland Union – Lithuanian Christian Democrats (TS-LKD) taking a clear lead in the first round of the Seimas elections, ruling Lithuanian Farmer and Greens Union (LVŽS) leader Ramūnas Karbauskis stated that he is […]
The coronavirus crisis has struck a major blow to the global economy. However, Lithuania’s economy was almost able to avoid economic shock, with the country posting among the smallest declines in its economy among all […]
The COVID-19 recession was widely expected to be the worst global economic crisis since the Great Depression and much worse that the Great Recession of 2008-2009. It can still be, but recent economic data suggests […]
Prompt adaptation by businesses to changed conditions, correct decisions by the Lithuanian government in containing the coronavirus outbreak and stimulating the economy, the finance sector’s resilience or simply fortune – this will long be a […]
Evaluating the current COVID-19 situation in Lithuania, infectious disease specialist, professor Vytautas Usonis did not conceal that every single infected individual is a risk and the entire country can be seen as a hotspot. TV3.lt […]
According to data from the Lithuanian Department of Statistics, over the second quarter of 2020, compared to the same period in 2019, Lithuania’s GDP shrank by 3.8%. Despite the fall in GDP, the second quarter […]
There has always been an element of competitiveness between Lithuania and its sisterly neighbour Latvia, so measuring which of the two countries has handled the Covid-19 crisis better is no exception. The overall number of […]
On the News radio (“Žinių radijas”) show, Lithuania‘s bank board‘s director Vitas Vasiliauskas said that whilst the world economic scenario is being portrayed dramatically in Lithuania, the visible signs of ambiguity are preventing from making […]
The Seimas closed its spring session, which had started on 10 March 2020. This year, the session was held under extraordinary conditions because of the coronavirus. The number of plenaries exceeded the planned figure and […]
In the context of this pandemic, we tend to hear more active calls by Western politicians for urgent transformation of the European Union, i.e. achieving deeper political integration, which would supposedly meet the dynamics in […]
Since the global coronavirus pandemic began in Wuhan, it has affected people all over the world. Freedom of movement has completely collapsed. Coronavirus has turned citizen lives upside down in each country in a matter […]
According to a press release, out of all the Northern European countries, Lithuania is leading the way in the number of people who have stopped seeing their friends or visiting cafes and restaurants during the […]
Restaurants of Vilnius, the Lithuanian capital, are using social distancing rules to become fashion displays for local designers. As of this week, the country has eased the restrictions on bars, cafes and restaurants to allow […]
In order to reduce the consequences of the economic crisis caused by the coronavirus in Lithuania, the Lithuanian brewery Gubernija is launching a national movement “Savi už savus” (“Locals for Locals”) to support small and […]
Nordic-Baltic business law house Fondia prepared an analysis of government aid for business and individuals in several countries. It turned out that state aid for economy correlates directly with the tax burden, calculated as a […]
The world economy is currently experiencing its worst crisis since the Great Depression. The outbreak of COVID-19 virus and measures to curb it’s spread has caused the greatest shock to the world economy since the […]
The streets of Vilnius streets are currently dotted with giant photos of people wearing protective masks made in a creative way. The images are part of a new project called Mask Fashion Week, which drew its inspiration from members of a Facebook […]
The COVID-19 pandemic struck the world unexpectedly and presented a unique opportunity for nature to cleanse itself and catch its breath. However, the pandemic’s consequences are catastrophic for humanity. Due to the quarantine, links created […]
On April 9, the Ministry of Finance of the Republic of Lithuania and the Government prepared a draft law amending the application of the existing Law on Insolvency of Legal Entities. The new regulation focuses […]
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