As lockdown relaxed, client expense statistics from Bankera indicates that Europeans have begun spending in large amounts. Compared to the first and second quarters of this year, there has been a notable increase in expenses […]
Although statistics show fewer bankruptcies, this is only a temporary phenomenon due to changes in the regulation of insolvency of legal persons. The number of bankruptcies after a pandemic should increase, as not all companies […]
Lithuanians are among the leaders in Europe in terms of the number of people who want to have a business as many as 71 per cent, AGER 2020 (Amway Global Entrepreneurship report) shows. However, the […]
If we put a magic wand in a child’s hand, he would most likely wish for a room full of toys. Many of us construct our happiness through the word “more”: more fashionable clothes, more […]
The working group on the review of tax benefits, set up by the Ministry of Finance, has already received over 200 proposals from experts, business and the public on what needs a transformation in the […]
Following more than 17 years of experience in the business financing domain, Dainius Vaičikonis has founded the alternative financing company Finpro. The newly emerging company will offer factoring, business loans, as well as lease and […]
The topic of the welfare state gained more attention in the country last year, when the incumbent Lithuanian President Gitanas Nausėda shared his vision of Lithuania as a strong, just, green and innovative welfare state, […]
Last year, Scania Lietuva maintained its position in the heavy transport sales sector, occupying 9 per cent of the market, and with 360 new Scania trucks registered in Lithuania. In 2020, the heavy transport market, […]
Despite placing a more considerable emphasis on sustainability and becoming Europe’s leader in plastic packaging recycling in recent years, Lithuania remains a below-average performer on the EU Eco-Innovation Scoreboard (ranking 22 out of 28). To […]
A few weeks ago, some of the participants at the new cabinet’s meeting must have been overtaken by a sense of déjà vu. It was a similarly urgent meeting in the weekend that the previous […]
For whom and what does the new Lithuania’s government programme promise? Across the 118 pages long programme, anyone could find accents of relevance to themselves – optimists can celebrate every page, while pessimists, as the […]
The pandemic has closed borders and increased unemployment in Lithuania to levels not seen for several years. However, even give such a situation, a quarter more people immigrated to Lithuania compared to last year. The […]
The Baltic capitals Vilnius, Tallinn and Riga with similar indicators have always competed for the attention of foreign investors. However, recently analysts have been saying that Vilnius may break out within the next five years […]
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 […]
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 […]
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 […]
The post-financial crisis period of 2010-2019 proved that the Baltic economies are able to cope and recover from large economic downturns successfully. During this period, the Baltics have seen growth in private capital manager’s activity, […]
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 […]
Caught by the coronavirus pandemic, many governments are quickly reorienting themselves towards what was previously viewed as a utopian experiment – universal basic income. This idea now seems to be one of the few valid […]
Paupys Market, a new centre of attraction for Vilnius residents and guests, will open this autumn in a reviving district of the Old Town of Vilnius. The architectural studio Plazma, which is involved in the […]
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