Lithuanian businessman Mindaugas Marcinkevičius, a minority shareholder in the company that operates the country’s biggest grocery chain Maxima, is to go to the Luxembourg courts to contest a €90-million loan at below-market interest rates that the company extended to Luxembourg-registered businesses owned by another shareholder. […]
The move of billionaire Nerijus Numavičius, Lithuania’s wealthiest person, to the UK has raised questions about how the tax agreements between the two countries, designed to avoid double taxation, will apply in Numavičius’ case. […]
The private holding company Vilniaus Prekyba UAB, one of the largest Lithuanian groups of private companies and owner of the international retail chain Maxima, has rejected reports in the media that the company is using tax evasion schemes. […]
The decision by Maxima LT, Lithuania’s largest retailer that has been slapped with a 16.9-million-euro fine for anti-trust violations, to lower prices for over 1,000 products may have a positive effect on the economy, if it leads to increased competition among retail chains, Nerijus Mačiulis, the chief economist at Swedbank, said on Tuesday. […]
Most of the winners in Lithuania’s first Top Employer awards, held in Vilnius this week, were foreign investors, Invest Lithuania reports. […]
Nerijus Numavičius, the largest shareholder of Vilniaus Prekyba Group, owner of Maxima grocery store chain, remains the richest person in Lithuania with assets worth 3.6 billion litas (EUR 1.04 billion), according to a list of the country’s wealthiest people published by the Veidas magazine on Friday. […]
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