Some fifty Lithuanian businesses produce spare parts, components or even entire vehicles for global automobile industry giants. While the quantity supplied by Lithuanian companies is significantly smaller than, say, the Chinese, specialists highlight that Lithuanian […]
2015 has been a slow year for Lithuanian beer makers, with sales inching down 2% compared to the year before. Industry experts say the contraction is to continue, not least because of the shrinking population […]
Last year, Lithuania’s 1,000 biggest companies created 5,176 new jobs. The manufacturing sector is expected to remain one of the biggest employers in the country, Verslo Žinios reports. Most of the new jobs by the […]
Invest Lithuania, the government’s agency in charge of attracting foreign investment, has sealed 19 foreign direct investment (FDI) projects this year. Over the coming three years, these investments are expected to create 1,800 new jobs, the agency said. […]
Lithuania’s industrial production fell slightly in May, by 0.2% year on year to €1.5 billion according to Statistics Lithuania. Between January and May, industrial production totalled €7.36 billion, up 3.1% on the same period of […]
Axis Industries, a Lithuanian industrial and energy group, almost doubled its net profits in 2015, up 49.1% to €10.3 million.
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Increasing defence spending by the Lithuanian government will increase the size of the defence subcontracting market up to €150 million over the coming years. Gintaris Satkus, director of the Lithuanian Defence and Security Industry association, […]
The biggest bakery in the Baltics has opened a new upgraded plant in Vilnius. The new plant of Vilniaus Duona, inaugurated on Thursday, represents €9.3 million in investment and will employ 147 workers. President Dalia […]
Industrial production volumes in the eurozone, the European Union and Lithuania decreased during the first month of spring compared to the previous month, according to Eurostat. Industrial production in the EU contracted by 0.5% in […]
Lithuania has reported one of the biggest falls in industrial producer prices among the 28 European States in March. Industrial producer prices in March 2016 fell 6.3%, compared to March 2015, according to Eurostat data […]
The more than 500 companies that belong to the Lithuanian Defence and Security Association show that Lithuania can manufacture more than agricultural products. […]
Lithuanian construction industry revenue contracted 3.5% last year, to total €2.5 billion, Verslo Žinios reports. The contraction is largely down to fewer large-scale public contracts, which is why construction companies focusing on government projects took […]
Industrial production in Lithuania rose 2.5% in February bucking the 0.7% fall in production across the European Union, according to the European Union statistics department Eurostat. Lithuania had the fastest rate of growth in industrial […]
Lithuanian population is in steady decline and domestic industry is losing consumers but so far the impact of this negative change has been reduced by a growing rate of domestic consumption. […]
Lithuania‘s industrial growth in January was among the highest in the European Union, according to Eurostat. […]
Achema, Lithuanian fertilizer producer and the biggest gas consumer in the country, concluded a gas supply deal with Norway’s Statoil on Tuesday. Statoil will deliver liquefied natural gas (LNG) to the company in tankers via the LNG terminal in Klaipėda. […]
On 11 November, Lithuanian Ambassador in Sweden Eitvydas Bajarūnas and Commerce Attaché Audrius Masiulionis visited Jönköping city, situated in the south of Sweden, where they discussed economic cooperation with representatives of the local business community, visited Husqvarna factory and the annual exhibition ELMIA Subcontractor. […]
In June 2015 industrial production totalled EUR 1.7 billion at current prices and, compared to May, grew by 4.4 percent at constant prices, seasonally and working day adjusted – by 0.8 percent, Statistics Lithuania reports. […]
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