Saulius Skvernelis, Minister of Interior of Lithuania, instructed his staff to draft a new procedure which will significantly ease and speed up the process for non-EU companies planning to invest in Lithuania. […]
The Bank of Lithuania with the Ministries of Economy and Finance have formulated and submitted to the Government proposals for measures whose implementation is expected to promote small- and medium-sized (SMS) business financing in Lithuania through the use of capital market instruments, the Bank of Lithuania reports. […]
Lithuanian President Dalia Grybauskaitė made her annual State of the Nation address at the Lithuanian parliament, Seimas, on Thursday. In her speech, the president mostly focused on national defence, security challenges stemming from Russia‘s aggressive policies, as well as emigration of working-age population. Grybauskaitė also stressed the need to work more on addressing social issues, particularly in childcare institutions. […]
A joint meeting entitled Building a Baltic Tourism Region – Investment for Tomorrow was held by the Economics, Energy and Innovation Committee, the Education, Science and Culture Committee, and the Welfare Committee of the Baltic Assembly in Jurbarkas, Lithuania. Keynote speakers of the meeting focused on the long-term Baltic tourism strategy, the press service of the Lithuanian parliament said. […]
Estonian national carrier Estonian Air will make 11 round trip flights per week on the Tallinn-Vilnius route starting on Monday instead of the current six round-trip flights per week after Air Lituanica announced of stopping operations. […]
Bentley Systems, a global software supplier that opened its first office in Lithuania 10 years ago, is expanding and opening a new office in Kaunas, reports Invest Lithuania, the country’s state investment promotion agency. […]
The Germany-based Klasmann-Deilmann Group has announced EUR 11 million worth of investments in Klaipėda County, Lithuania. The company is to build a further state-of-the-art production line for manufacturing peat products and growing media for the worldwide commercial-horticulture sector. Its intended expansion of an existing factory at the Šilutė site includes plans for high-performance mixing, screening and packing facilities, a research laboratory and an experimental greenhouse for product development. This will involve the creation of at least 20 new jobs over the next three years. […]
Amendments to the Law on Public Service have been submitted to the Seimas (parliament) on the initiative of President Dalia Grybauskaitė. The amendments seek to prevent public servants from signing additional work contracts with their own employers, to prevent them from cashing-in on public service and to ensure transparent use of state funds. […]
2014 proved to be a record year for Invest Lithuania, the nation’s foreign investment development agency, with 29 foreign companies deciding to establish or develop their businesses in Lithuania. Altogether almost 2,000 new jobs are planned over the next three years. […]
Jurgita Kazlauskienė has been selected to head the State Tourism Department (VTD). Up until now, she worked as the deputy president of the European Spas Association, also led the Lithuanian Spas Association. […]
Lithuania’s Minister of Foreign Affairs Linas Linkevičius met with the Japanese delegation visiting Lithuania on 1 December, the ministry said. […]
On Wednesday the Government approved the proposal of the Ministry of Economy to obligate the State Department of Tourism to establish licensing procedures for travel agencies. […]
As yet another tourism company unexpectedly terminated its activities on Friday, Lithuanian President Dalia Grybauskaitė says that the State Tourism Department (VTD) has not learned from its mistakes of the past, while the competence of the institution’s heads is very questionable. […]
After the resignation of Arvydas Arnašius, the Ministry of Economy is looking for a new director to head the non-profit organisation Invest Lithuania. […]
Financial (regularity) audits for the year 2013 carried out by the National Audit Office assessed whether decisions in particular public investment areas are always implemented at the lowest cost and meet the needs of the society, the audit office reports. […]
The Ministry of Economy has summarised the accomplishments of Lithuanian institutions in September in an attempt to mitigate the impact of Russia‘s sanctions on businesses. […]
Robertas Dargis, head of the Lithuanian Confederation of Industrialists (LPK), is convinced that cooperation among producers is one of the keys to open vast foreign markets to Lithuanian goods. […]
The Lithuanian government on Wednesday approved a new, investor-friendly tax regime for shale gas production which, once endorsed by parliament, will open the way for launching a new tender for a shale gas exploration license. […]
On 8 September, a cycle of seminars on the adoption of the euro, which will encompass at least 70 information events scheduled in all 60 municipalities of Lithuania within three months, is going to be launched in Šiauliai, euro.lt informs. […]
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