CORPORATE
Bigger is better in Baltic city shopping mall boom
Growing consumer demand in Lithuania and the Baltic States is pushing developers to build bigger and bigger shopping centres throughout the three countries. […]
Economy
CORPORATE
How are low oil prices impacting Lithuania’s economy?
With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop. […]
Economy
Lithuania tops European rankings for shared services in region
Lithuania picked up five major awards at this year’s Central and Eastern Europe Shared Services and Outsourcing Awards in Warsaw and came out on top overall for the second year running. […]
Economy
Lithuanian economy to bounce back with 2.9% growth in 2016, says EC
The European Commission is predicting that the Lithuanian economy will grow by 2.9% this year following a lacklustre performance in 2015. […]
Uncategorized
Blow to Ukraine’s reform effort as Lithuanian-born economy minister quits
The Lithuanian Minister of Economy of Ukraine, Aivaras Abromavičius, said on Wednesday he was stepping down as his ministry was being hijacked by corrupt vested interests. […]
CORPORATE
Unpredictable Poland is the new Russia for Lithuanian exporters, say economists
After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis. […]
CORPORATE
Will consumers feel lower gas prices?
Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway‘s Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%. […]
Economy
Economy
Lithuanian GDP ‘to rise by over 3% every year to 2019’
Contracted export market and Russian economic stagnation last year slowed Lithuania’s gross domestic product growth, but this year the growth will be twice as fast and will rise from 1.6 to 3.2 percent, announces professional services company EY in the latest publication the Euro Forecast. […]
Economy
‘Increased consumer spending kept Lithuania out of recession in 2015’
Increased household consumption and investment are increasingly driving economic growth in Lithuania – without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists. […]
Economy
Higher minimum wage will lead to higher prices
A higher minimum wage, which will increase again in July, will inevitably lead to higher service prices, according to economists. Experts expect inflation to accelerate alongside growing pay. […]
Economy
Economy
More Lithuanians optimistic about country’s economy
In the opinion of a seventh of the polled residents of Lithuania, the economic situation in the country has improved over the last two months, while more than one in ten also saw positive changes in their household finances. […]
Economy
Lithuanian economy beginning to recover, Danske Bank says
The latest data provided by Statistics Lithuania has showed that the country’s economy grew by 1.8 percent in the third quarter of 2015. This is the best result achieved this year, demonstrating that Lithuania’s economy is gradually recovering from the lowest growth period since the 2008-2009 crisis. […]
Uncategorized
Lithuanian foreign minister: Ukraine’s reformers race against time
The reforms underway in Ukraine should be completed as soon as possible, and the country’s politicians are faced with the challenge of time, says Lithuania’s Foreign Minister Linas Linkevičius. […]
Foreign affairs
Ukraine’s minister of economy visiting Lithuania
Ukraine’s Economy Minister Aivaras Abromavičius, who is Lithuanian, is visiting Vilnius on Friday. […]
Economy
Shock therapy ‘good’ for Lithuanian economy
DNB Bank’s chief economist for the Baltic states Jekaterina Rojaka says that shock therapy will be for the better of Lithuania’s economy. […]
Economy
Analyst: Technology development will make working week shorter
Technologies are inevitably changing the global labour market and will wipe out certain professions. Global trends and technological development will also change Lithuania’s labour map, which may result in a shorter working week, Nerijus Mačiulis, an economist with Swedbank Lithuania, forecasts. […]
Economy
EC recommendations for Lithuania: less tax on labour, more tax on wealth
Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth – less detrimental to economic growth – are all but non-existent. Experts say the first steps would be introducing tax on real estate and cars. […]
Economy
Will Lithuania survive without EU structural funds?
This is the last financial period that Lithuania is entitled to billions of euros in support from the European Union‘s structural funds. After 2020, the cash flow from the EU coffers will decrease significantly and Lithuania will have to learn to do without the support that currently makes a sizable contribution to its economy. Some economists say that unless the country uses the current funding right, economic growth after 2020 might all but stop. Others are more optimistic, insisting that Lithuania’s economy is stable enough to sustain growth even without EU injections. […]