Reliability of some people in Lithuania's state-owned companies is a concern

Wednesday, June 7, 2017 15:36
At the Lietuvos Geležinkeliai Traffic Control Centre
Lietuvos geležinkeliai
Some of Lithuania's enterprises of strategic importance employ some people whose reliability gives cause for concern and nepotism flourishes in them, the chairman of the Seimas Committee on National Security and Defense said on Wednesday, underlining the need for streamlining the recruitment and decision-making procedures at such companies.

Environment services go to court over EUR 630,000 compensation for sewage spill

Wednesday, June 7, 2017 12:30
The Vilnius Regional Environmental Protection Department has turned to court with a claim for compensation of 630,000 euros in damage caused by the December 2016 sewage spill in central Vilnius, which resulted in spillage of 46,000 cubic meters of untreated wastewater into the River Neris.

Lithuanian railway co plans routes to Daugavpils, Latvia

Wednesday, June 7, 2017 10:24
A train
Lietuvos geležinkeliai
After closing the route to Moscow, Lietuvos Geležinkeliai (Lithuanian Railways, LG), the state-run railway company, plans on launching a passenger train to the Latvian city of Daugavpils. The company's spokesman said LG was ready but had to wait for the final approval from Latvian railways.

Lithuanian household spending on consumer goods down in May m/m

Wednesday, June 7, 2017 10:03
The spending of Lithuanian household on main consumer goods declined in May, while Latvia and Estonia reported growth, shows an index of household spending published by the research company Baltic Market Insights (Baltmi).

Labour Code won't solve problem of work flexibility - experts

Tuesday, June 6, 2017 16:46
After Lithuania's parliament on Tuesday improved the new Labour Code to take effect in July, no changes are expected in the sense of flexibility of labour relations, economists say, adding that the initial ambitious plans of liberalizing labour relations has been downgraded into a reflection of the actual situation on the labour market.

Seimas passes amended new Labour Code

Tuesday, June 6, 2017 14:15
The Lithuanian parliament on Tuesday passed amendments to the country's new Labour Code, which was adopted last year but will come into force in July.

President's office doesn't intent to block govt's proposed tax changes

Tuesday, June 6, 2017 10:29
The Lithuanian president's office sees no major drawbacks in the government's proposed tax changes aimed at increasing the poorest people's income and expects constructive discussions on the plan, an advisor to President Dalia Grybauskaitė said on Tuesday.

New labour code up for final vote at

Tuesday, June 6, 2017 09:24
The Lithuanian parliament on Tuesday is to take a final vote on the Tripartite Council-approved amendments to the new Labour Code, which is expected to come into force in July.

Lithuania's richest man Numavičius to pay taxes solely in UK

Monday, June 5, 2017 16:49
Lithuania's richest man Nerijus Numavičius, who has lived in London since June 2015, will declare his 2016 income and pay taxes for the year solely in the United Kingdom.

EU-Canada trade deal benefits Lithuania - Minister Linkevičius

Monday, June 5, 2017 12:19
The EU-Canada Comprehensive Economic and Trade Agreement (CETA) approved by the Lithuanian parliament last week and due to be ratified in July will consolidate Lithuania's relations with Canada and reduce trade and investment obstacles, says Foreign Minister Linas Linkevičius.

Winner 2017 German-Lithuanian Business Award announcedFREE

Monday, June 5, 2017 09:14
Happy winners: At the awards ceremony on 31 May in the Art Factory „LOFTAS“ in Vilnius, Aedilis UAB won the German-Lithuanian Business Award. The company also won the online voting against their competitors.

Government proposed tax changes too small to be called a reform - analysts

Friday, June 2, 2017 14:18
The Lithuanian government's proposed tax changes are primarily aimed at improving the situation of small-sized businesses and low earners and cannot be called a fundamental reform, analysts told BNS.

PM pledges extra EUR 500 mln for pensions, children, poverty reduction in 2018

Friday, June 2, 2017 11:49
The Lithuanian government plans to earmark an additional 500 million euros in next year's budget for pensions, children and poverty reduction, with more than 4 billion euros to be allocated for this purpose in total, Prime Minister Saulius Skvernelis said on Friday.

Lithuanian experts split over consequences of alcohol restrictions

Friday, June 2, 2017 09:31
After Lithuania's parliament tightened alcohol trade, consumption and advertisement rules on Thursday, manufacturers have warned about emigration of the population amid disappointment in the administration's moves, adding that producers would have to halt investments and sack employees.

Proposed tax reform: Higher income for lowest earners, fewer exceptions

Friday, June 2, 2017 09:27
The Lithuanian government of Prime Minister Saulius Skvernelis has stepped back on its intentions of consolidating income-related taxes on the employee side, including the social insurance fees currently paid by the employee. The Cabinet has decided to shift its focus on reduction of the tax burden on the people with lowest income and unification of different tax regimes.

Go West! The booming Lithuanian Start-Up business!FREE

Thursday, June 1, 2017 14:29
Last week's Login Start Up in Vilnius Tech Park and other locations in town brought together investors and developers in Lithuania's booming start-up business. The country has outstanding IT infrastructure but also a successful ecosystem for start-up business. Judging by the large international presence, word is spreading fast.

Seimas reverses decision on alcohol selling zones at free public events

Thursday, June 1, 2017 12:43
Outdoor cafee in Kaunas
DELFI / Rafael Achmedov
The sale of drinks with an alcohol content of up to 7.5 percent during free public events will not be restricted, the Lithuanian parliament decided on Thursday.