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 […]
Lithuanian government owns the Giraitė Armament Factory (GAF) that would face few mid and long-term challenges despite current profitability. The article details the challenges and proposes ways to deal with them. The Giraitė Armament Factory […]
UAB Vingės logistika, a warehousing and cargo handling services company operating in Klaipėda FEZ, completed a warehouse expansion project in December. The project involved the construction of 8,000 sqm of new warehouse space, bringing the […]
The SBA Group’s philosophy and efforts to develop sustainable real estate projects with exceptional architecture to enrich Lithuania have been recognised. SBA Urban’s projects – the BLC business centre in Kaunas and the SBA Industrial […]
KS Holding, a Kesko Group company, has successfully completed its first investment by selling Ozols Centres in Riga to the Finnish Special Mutual Fund Titanium Baltic Real Estate. The anchor tenant of the 30 000 square […]
According to experts, the pandemic has drastically changed Lithuania’s economic situation – both the financial sector and the habits and needs of Lithuanians over the past year. Simonas Krėpšta, Member of the Board of the […]
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 […]
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