Lithuania should improve tax collection figures - DombrovskisFREE

Friday, March 3, 2017 12:11
European Commission (EC) Vice-President Valdis Dombrovskis has stated in Vilnius that Lithuania should give up some value-added tax (VAT) privileges amid projected growth of state spending, as well as improve the collection of VAT and residents' income tax. He also stressed the substantial progress made by Lithuania in the implementation of earlier EU recommendations

Natl Stadium concession tender must be extended until 4th application (1)FREE

Friday, March 3, 2017 09:14
Three consortia of companies have applied for construction and management concession of the 90 million euro National Stadium in Vilnius, with a decision on the fourth one yet to be made, Remigijus Šimašius, mayor of the Lithuanian capital, told BNS.

Government to complete pension system reform by late 2019FREE

Thursday, March 2, 2017 15:37
Pensioners in the middle of money
Shutterstock
The Lithuanian government led by Prime Minister Saulius Skvernelis intends to make the first decisions in connection to restructuring of the pension system in the nearest future, while implementation of all reforms may take until the end of 2019, according to the measures of the government plan published on Thursday.

Lithuanians advised to make additional contributions, return to Sodra - FinMinFREE

Thursday, March 2, 2017 11:07
Lithuanian residents who are expected to have the lowest old-age pensions will be advised to make additional contributions to their pension fund or return to the state-run social insurer Sodra, says Finance Minister Vilius Šapoka.

SoDra postpones recovery of fees from emigrants until late MarchFREE

Thursday, March 2, 2017 09:48
After waiting for documents from emigrants about compulsory health insurance fees paid in foreign countries, the Lithuanian state-run social insurer, Sodra, has so far failed to check all documents and will postpone the recovery until the end of March, says Sodra chief Mindaugas Sinkevičius.

Trump won't destroy world economy - Lithuanian economistFREE

Wednesday, March 1, 2017 13:49
US President Donald Trump will not derail world economy or revise its course, says Gitanas Nausėda, adviser to SEB Bankas' president, noting that one person can cause problems but is not influential enough to bring down a growing economy.

Road maintenance in Lithuania to be transferred to one firm this yearFREE

Wednesday, March 1, 2017 08:26
Maintenance of state roads in Lithuania will be handed over to a single state-run company, Kelių Priežiūra (Road Maintenance), by the end of this year. Lithuania's Transport and Communications Minister Rokas Masiulis says that restructuring of the sector had been in the plans for a long time.

EU Commission: Lithuania makes limited progress in solving productivity problems (1)FREE

Wednesday, February 22, 2017 15:32
Lithuania has made some progress in addressing the European Commission's recommendations issued last May: the country has made headway regarding fiscal issues and strengthening of human capital, but has achieved only limited progress in adopting measures to improve productivity.

Balžekas departure won't change course of companies, owner saysFREE

Wednesday, February 22, 2017 12:04
The departure of Tomas Balžekas, so far manager of the Lithuanian media business belonging to AS Eesti Meedia, as manager of the 15min portal and the news agency BNS Lithuania will not change the course of the companies, the owner said Tuesday.

Israel-capital Blender entering Lithuania's p2p lending marketFREE

Wednesday, February 22, 2017 10:11
Israel-capital company blender intends to join the Lithuanian peer-to-peer lending market after operating as provider of consumer credits in the country for six months, Verslo Žinios business daily said.

Manager of 15min portal and BNS Lithuania leaves officeFREE

Tuesday, February 21, 2017 11:26
Tomas Balžekas, manager of 15min, one of the biggest news environments in Lithuania, and of the news agency BNS Lithuania, left office on Monday.

Lithuanian Railways to become Western-type company that creates value to stateFREE

Tuesday, February 21, 2017 09:57
Lithuanian Prime Minister Saulius Skvernelis expects that Lietuvos Geležinkeliai (Lithuanian Railways) will become a Western-type company that creates value to the state and Transport Minister Rokas Masiulis thinks that the state-owned railway operator may achieve such transparency and efficiency standards during the current government's term in office.

SocDems doubt restructuring of forestries (1)FREE

Monday, February 20, 2017 11:18
Algirdas Butkevičius, the leader of the Lithuanian Social Democratic Party in ruling coalition with the Farmers and Green Union, on Saturday criticized the environment minister's plans of merging all forestries into a single company.

Nearly 1 in 5 Lithuanians to buy less alcohol amid rising prices (1)FREE

Monday, February 20, 2017 09:54
With excise duty on alcoholic beverages due to increase in Lithuania from March 1, nearly 1 in 5 of the country's residents intend to buy less alcohol and nearly half will not change their drinking habits, shows a poll published on delfi.lt news portal on Monday.

Healthmin lifts minimum area requirement for pharmacies (1)FREE

Friday, February 17, 2017 10:49
Lithuanian Health Minister Aurelijus Veryga has lifted the requirement for pharmacies operating in cities and towns to have an overall floor area of at least 60 square meters.

Elon Musk's LA tunnel completed by Lithuanian team in Minecraft (1)FREE

Wednesday, February 15, 2017 09:05
As part of his dream of a traffic-free future, Elon Musk has been talking for a while now about boring a tunnel under Los Angeles from the HQ of his SpaceX company to LAX, the city’s airport. In fact, he has actually started taking the first steps towards making this seemingly crazy idea come true.

Consumer prices on a rise. More to come (1)FREE

Tuesday, February 14, 2017 12:27
In a shopping centre
Skaitytojų nuotr.
In January consumer prices increased by 0.3% compared with December and were 2.3% higher than a year ago.

9% of Lithuanians regularly shop in Poland (1)FREE

Tuesday, February 14, 2017 11:52
Lithuanians shopping in Suwalki
Romas Sadauskas-Kvietkevičius
Around 9 percent of Lithuanians make shopping trips to neighboring Poland on a regular basis, according to a poll released by the Delfi news website on Tuesday.

Tourism Department chief resigningFREE

Friday, February 10, 2017 11:23
Jurgita Kazlauskienė, director of the Lithuanian State Tourism Department, has announced plans to resign after meeting with Economy Minister Mindaugas Sinkevičius on Friday.