The Lithuanian Central Bank is putting new rules in place to promote a new internet payment service that will create alternative payment platform for customers who buy goods in online Lithuanian stores. […]
Lithuania’s retail sales growth slowed for the fourth month in a row in December, according to the latest figures from Statistics Lithuania. […]
The retail chain Fresh Market is going to close all of its shops in Lithuania, vz.lt reports. […]
Products sold on the internet for a couple of euros and the possibility to purchase them in any country for such a low price is a real horror for local sellers. Chinese suppliers may be closer than ever before – China’s e-commerce companies are already cooperating with European logistic companies. “Lithuanian Post” is among the open gates for China, enabling them to reach European and Russian markets. […]
In May 2015 compared with April 2015, the seasonally adjusted volume of retail trade rose by 0.2 percent in the euro area and by 0.3 pct in the European Union. In May 2015 compared with May 2014 the retail sales index increased by 2.4 percent in the euro area and by 3.0 pct in the EU, said Eurostat, the statistical office of the European Union. […]
According the European Commission, long-term investments clearly represent the important instrument while seeking the sustainable, advanced and integrated ensurance of European Union economic growth as well as the development of risk-resistant tomorrow’s economy. […]
In February 2015, compared to February 2014, the number of bankruptcies in Lithuania grew by 30 percent. Retails businesses gained the bankruptcy status more often than any other companies. […]
Lithuanian construction company Mitnija and Lidl, one of Europe’s largest retail companies, have signed an agreement for the construction of three grocery stores in Kaunas. […]
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. […]
After starting to use the new currency, the euro, on Thursday, Lithuanians say they will have to remember maths at the beginning of the year to calculate the prices of goods. They will be able to pay in litas until mid-January, but will receive all change in the common currency of the European Union (EU). […]
In September 2014, compared with August 2014, the seasonally adjusted volume of retail trade fell 1.3 percent in the euro area and 1.2 percent in the European Union (EU), according to estimates from Eurostat, the statistical office of the European Union. […]
The Seimas of Lithuania on Thursday backed a law introducing fines for selling energy drinks to minors. Ninety lawmakers voted in favour, there were no votes against and five MPs abstained. […]
Based on provisional data, in August 2014, the turnover (VAT excluded) of retail trade enterprises (except of motor vehicles and motorcycles) amounted to LTL 2.6984 billion (EUR 782 million); against July, it decreased by 1.1 percent at constant prices (seasonally adjusted – by 0.1 percent), Statistics Lithuania said. […]
Sports Direct International plc, a British retailing giant that is known for its low margins, will open its first store on 1,600 sqm in Tallinn in Ülemiste Shopping Centre at the end of October, writes Äripäev. […]
Statistics Lithuania informs that, based on provisional data, in June 2014, the turnover (VAT excluded) of retail trade enterprises amounted to LTL 2508.7 million (EUR 726.6 million); against May, it decreased 3 percent at constant prices (seasonally adjusted – decreased 0.4 percent). […]
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