CORPORATE

Lithuania rises in world innovation index

Lithuania has risen by two positions in the Global Innovation Index 2016 and is positioned 36th among 128 countries. Lithuania is in top ten under seven indicators. Some of Lithuania’s biggest leaps in recent years […]

CORPORATE

Lithuanian ‘needs to reduce taxes on labour’

“As far as the taxation of labour goes even though the income tax rate is not high – at 15%, the actual tax burden, including social security contributions is about 55%,” said Fidexperta founder Rūta […]

Foreign Minister Linkevičius, Minister President Geert Bourgeois, Vilnius mayor  Remigijus Šimašius and Claire Tillekaerts Photo © Ludo Segers @ The Lithuania Tribune
Economy

Investment and trade office underscores ‘growing importance of Baltics to Flemish economy’

One of Europe’s most successful economic powerhouses, Flanders, opened a representative office in Vilnius. It was a festive celebration and brought one hundred guests to the new location of Flanders Investment & Trade (FIT) office on Gedimino Prospektas in the heart of the Lithuanian capital. […]

CORPORATE

Lithuanian companies increase investments as profits peak

Lithuanian businesses are decreasing savings and increasing investment as profits almost hit pre-crisis highs, with growing salaries and domestic consumption, and positive trends in Lithuania’s main export markets. Bank of Lithuania data shows that the […]