CORPORATE

Maxima Group turnover rises 3.6% to €2.7bn

Maxima Group, the Lithuanian holding group that owns the Maxima supermarket chain in the Baltic states, has reported a 3.6% growth turnover in 2015 to €2.677 billion. […]

Panel disussion at the  Estonian Chamber of Commerce in Vilnius
Economy

Mergers & acquisitions in Lithuania at slow pace in 2015

Global M&A activity grew to record levels in 2015, fuelled by some mega mergers in the pharmaceutical, energy and consumer industries. Lithuania bucked the trend with less consolidation and acquisitions than in the previous year and stood out as the least active in the corporate bond market. The findings on global and regional performance were presented by several industry experts at an event of the Estonian Chamber of Commerce on Wednesday. […]

Uncategorized

Lithuania offers more civil, political freedoms than Latvia, fewer than Poland, Estonia

Lithuania is doing better in ensuring civil and political liberties than Latvia but lags behind neighbours Poland and Estonia, according to the World Freedom Index published on Wednesday. […]

A senior citizen in Vilnius
Economy

Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]

Energy

Lietuvos Energija acquires two wind farms in Lithuania and Estonia

The state-owned energy group Lietuvos Energija has acquired two wind farms in Lithuania and Estonia, adding 42.3MW to its energy production capacity. […]

Foreign affairs

Foreign presidents pay tribute to Lithuania’s January 13 victims

Presidents of Georgia, Ukraine and Estonia have congratulated Lithuania on January 13, when the country celebrates the 25th anniversary since it defended its independence from Soviet forces. […]