Economy
Investment
CORPORATE
Growing number of Lithuanians investing in state securities
A growing number of Lithuanians are investing in state securities that finance state borrowings, according to the latest figures from the Ministry of finance. […]
CORPORATE
Veolia claim against Lithuania offers case in point for EU trade liberalisation sceptics
Although the Trade in Services Agreement (TISA) is less debated in Lithuania than in many larger member states of the European Union, recent charges by a large investor, Veolia, against Lithuania illustrate the fears that many, especially European green movements, have had about the agreement all along. […]
Energy
Energy Minister claims Veolia allegations ‘are unfounded’
Most of Veolia‘s allegations against Lithuania seem to be unfounded, said Lithuanian Energy Minister Rokas Masiulis on Monday. Masiulis was commenting on the French group’s request for arbitration in which it is seeking around €100 million in compensation from the Lithuanian state for allegedly unfair treatment and expropriation of its Lithuanian assets. […]
CORPORATE
Lithuanian SMEs focussing on investment in domestic markets
Instead of strengthening their positions abroad or looking for new markets, small and medium sized Lithuanian companies are this year planning to increase investment in expansion in domestic markets, a survey commissioned by SEB Bank shows. […]
Economy
Veolia’s suit against Lithuania is ‘distraction’, energy minister says
Energy Minister Rokas Masiulis says that the arbitration case to be filed against Lithuania by the French group Veolia is a distraction tactic, adding that the government might counter-sue over violations by its subsidiary Vilniaus Energija. […]
Economy
French group Veolia sues Lithuania for €100m
The French group Veolia, which owns heating companies in Lithuania, is suing the country for €100 million at the International Centre for Settlement of Investment Disputes (ICSID) in Washington. Veolia is demanding compensation for losses it allegedly sustained due to unfair treatment by the Lithuanian government. […]
CORPORATE
Foreign investors get frosty reception in Lithuania’s regions
Foreign investors get a frosty reception in the regional parts of Lithuania as local businessman fear competition and put pressure on councils to keep out foreign investment, according to Rūta Skyrienė, executive director of the Investors Forum, which brings together foreign investors in Lithuania. […]
CORPORATE
50% more jobs created by foreign companies in 2015, says Invest Lithuania
The latest figures show that last year was a record year for Lithuania and Invest Lithuania with 50% more jobs created from foreign investment than last year, according to the agency. […]
Foreign affairs
Dutch and Lithuanian interests deeply intertwined, says ambassador (II)
Ludo Segers talks to the ambassador of the Netherlands in Lithuania about business ties, Dutch investment in the country and the Netherlands’s experience with gas that it could share with Lithuania. […]
Economy
Economy
Lithuanian companies invest more in environment protection
Statistics Lithuania has released its annual publication Natural Resources and Environmental Protection for 2014. […]
Global LT
Drop in expatriate remittances spells bad news for Lithuanian economy
Remittances from the Lithuanian diaspora has long played a significant role in the country’s economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from falling into poverty. Statistics indicate, however, that remittances have dropped significantly this year. […]
Economy
What keeps Lithuanians from embracing entrepreneurship
Lithuanians would like to develop their own businesses, but many are afraid or simply do not have an idea for one, SEB Bank has concluded after carrying out a survey in the Baltic states. About one in ten Lithuanians have a business, whereas in Latvia and Estonia the share is twice as big. Many say they do not know enough about how to start a business. […]
Global LT
Economy
Economy
Economy
Swedish Business Awards: Swedish businesses choose Lithuania for modern ideas and smart people
Lithuanian President Dalia Grybauskaitė together with King Carl XVI Gustaf of Sweden, who is on a state visit in Lithuania, attended the Swedish Business Awards Ceremony on Thursday. […]
Economy
US companies say Lithuania’s migration system slowing down investment
The survey of members of the American Chamber of Commerce has shown that 58.4 percent of the respondents from major United States companies operating in Lithuania are unhappy with the current migration system in the country and regard it as poor or very poor. […]
Economy