Central banks are trying to correct their mistakes, and this time they have chosen a destructive path to curb inflation, said Nerijus Mačiulis, Chief Economist at Swedbank. However, not everyone will experience difficulties – some […]
There are about 73,000 Ukrainians in Lithuania. The Bank of Lithuania estimates that refugees from Ukraine could have created €400 million in added value in 2022. This is about 1% of the country’s gross domestic […]
As the Lithuanian economy moved away from a sustainable growth path last year and the population ran out of money, we could see stagnation or recession across Europe this year. According to experts, the time […]
Even official statistics show that food has recently become more expensive for Lithuanians than in other countries. Moreover, in Lithuania, food and beverages account for the largest share of household expenditure, Martynas Žilionis is writing […]
Loans are getting even more expensive – the European Central Bank has raised interest rates again, and that’s not the end of it. And it’s not just people’s pockets that are emptying. Businesses have spoken […]
Inflation will likely be below 10% next year, and prices will not fall – they will continue to rise at a slower pace. Energy resources and fuels will no longer be such a hot topic, […]
Orbio World, a company that develops and sells wellness, household, and electronic products across almost the entire world, has acquired UAB Neorus, which operates Fraîcheur Paris. This brand is rapidly gaining popularity in the US, […]
Despite the challenges posed by Russia’s war against Ukraine, Lithuania’s economy is showing resilience. The International Monetary Fund (IMF) predicts that economic growth will remain positive this year and is expected to reach 1.8%. Significant […]
Despite rising inflation, the war in Ukraine, the impact of sanctions and a sharp increase in geopolitical uncertainty, Lithuania continues to see double-digit wage growth, rapid job creation and falling unemployment. Although the war in […]
More and more companies in Lithuania are concerned about the environmental impact of their operations. According to a survey conducted this spring by Norstat, a research company commissioned by the renewable energy company Green Genius, […]
Experts’ forecasts for the Lithuanian economy are far from optimistic. Economists say that rising inflation and Russia’s war in Ukraine will only further accelerate the rise in food prices and deglobalisation. The construction sector is […]
Which social class do you consider yourself to be? 1.3 million – more than half of all Lithuanians – feel middle class. That’s according to a survey conducted in February. However, a few years ago, […]
Over the last two years, the housing market in Lithuania has been marked by two “black swan” flights – events that analysts could not predict and data did not suggest. The first tide marked the […]
Lithuania got angry with China by allowing the Taiwan office to open but is looking for new markets in Asia. Recently, Foreign Minister Gabriel Landsbergis travelled to Singapore and Australia. This year, he plans to […]
On February 3, the Minister of Economy and Innovation Aušrinė Armonaitė was invited by the Nordic Chambers of Commerce in Lithuania to Hotel Kempinski for a so-called “Business Lunch” where she presented the Ministry’s reforms, […]
Elme Metall, a company belonging to the Estonian industrial holding BLRT Grupp, plans to start construction of a modern metalworking complex on a 7.6 ha plot in the Klaipėda Free Economic Zone (FEZ) this year. […]
Despite challenges in the raw materials and labour markets, the SBA Group’s soft furniture manufacturer Kauno Baldai sold 34% more products in 2021 compared to 2020. With the company exporting most of its production, its […]
Experts say that the Lithuanian economy would not be severely affected by a war with the geopolitical tensions in Ukraine. However, logistics companies would be hit hard, and the country’s population would not escape – […]
On 11 January 2022, the Kaunas District Municipality granted a permit to build UAB Tamro, a wholesale distribution company of pharmaceuticals and the manager of BENU pharmacies, logistics centre in the territory of the Kaunas […]
Marius Dubnikovas, a financial analyst, said on the “Lietuvos rytas” TV programme “Nauja diena” that the possible Chinese sanctions against Lithuania would not easily shake the country’s economy but require a combination of other unfavourable […]
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