Tourism Dept under criticism for using foreign photos for promoting LithuaniaFREE

Friday, February 10, 2017 10:07
Lithuania's Economy Ministry has called the leadership of the State Tourism Department to explain the reasons behind the use of photographs taken abroad to promote Lithuania.

Lithuania plans to introduce minimum needs basket of EUR 240-250FREE

Thursday, February 9, 2017 11:38
Lithuania's authorities are planning to introduce a minimum needs basket of around 240 to 250 euros that will show what minimum monthly income a person needs to survive.

PM expects more Ukrainian professionals to come to work in LithuaniaFREE

Thursday, February 9, 2017 11:20
Working with computer
Fotolia
More professionals from Ukraine are expected to come to Lithuania after the government has made it easier for businesses to hire third-country nationals in certain occupations, Prime Minister Saulius Skvernelis said on Thursday.

Government approves easier hiring of foreign specialistsFREE

Wednesday, February 8, 2017 12:50
Lithuania's government on Wednesday gave a green light to hiring foreign specialists of certain fields, however, some opposition politicians warn that this could pave way for cheaper labor force that will stop the increase of wages for Lithuanians.

Trust in their pension system drops in Lithuania - SEBFREE

Tuesday, February 7, 2017 16:03
Lithuania's retirement readiness index has not changed in the past three years. Over the past year, people's behavior has improved in that more of them have started to save, but the level of knowledge about and trust in the pension system has declined, according to a survey commissioned by SEB Bankas.

Pharmacies to be put under obligation to sell certain amount of cheapest drugs (1)FREE

Monday, February 6, 2017 13:45
In an effort to encourage pharmacies to offer clients the cheapest suitable medication, pharmacies in Lithuania will be put under the obligation of issuing a certain amount of cheapest drugs.

Virtual Tesla factory helps promote Lithuania worldwide (3)FREE

Monday, February 6, 2017 11:25
The virtual factory of electric elements for US electric car manufacturer Tesla built by Lithuanians shows that the Baltic state features talented specialists, and the name of Lithuania was put on the map after the US company noticed their work, says businessman Vladas Lašas.

Signs of corruption found in Vilnius Concert, Sports Palace revamp tender (1)FREE

Monday, February 6, 2017 09:41
Acting on a tip-off about possible lack of transparency in the tender for contractor for reconstruction of the Vilnius Concert and Sports Palace, Lithuania's Property Bank has terminated talks with the winner – the consortium of Irdaiva construction company. Documents available to BNS show that a member of the tender panel was employed both at the Property Bank and the company, which could have influenced the results of the tender.

Geopolitical situation may affect Rail Baltica funding (1)FREE

Friday, February 3, 2017 10:59
Baiba Rubesa
Bendrovės nuotr.
Tense geopolitical situation in the European Union over Brexit, refugee crisis and security matters may after 2020 reduce the European support to the European-gauge railway project Rail Baltica estimated at billions of euros, Baiba Rubesa, board chairperson of the joint Baltic enterprise, has said in Vilnius.

What will drive the Lithuanian economy this year?FREE

Thursday, February 2, 2017 15:20
A growing economy not only strengthens a country‘s image abroad, but also means better living conditions for its people. Lithuanian economists predict that this year the Lithuanian economy will grow far more rapidly than last year. Exports, however, will not be the main factor of this.

Govt considers special fund to distribute state companies supportFREE

Thursday, February 2, 2017 11:29
The Lithuanian government plans to distribute state-owned companies' support for sports, culture and arts through a special fund in the future, Prime Minister Saulius Skvernelis said on Thursday.

Teo and Omnitel became TeliaFREE

Wednesday, February 1, 2017 17:12
Teo, Omnitel and Baltic Data Center become one company – Telia Lietuva on February 1. The first integrated telecommunications company in Lithuania will provide telecommunications, IT and TV services as a one-stop shop, Telia announced in a press release.

Dutch company Macaw choses Vilnius for first international officeFREE

Wednesday, February 1, 2017 16:33
Macaw, an award-winning employer and digital solution provider, has selected Vilnius as the location for its first office outside the Netherlands. In establishing a company in Vilnius, Macaw plans to grow exponentially and recruit highly talented information technology specialists who will develop Microsoft and Sitecore based solutions for international customers.

Govt approves easing of requirements for farmland buyersFREE

Wednesday, February 1, 2017 15:40
In light of the EU Commission's infringement procedure against Lithuania, the government on Wednesday approved amendments lifting the requirement for agricultural land buyers to qualify as farmers or have farming experience.

Lithuania's GDP increased by 2.2% in 2016FREE

Monday, January 30, 2017 13:57
The Lithuanian economy surprised on the upside in the fourth quarter of last year as GDP picked up by 3%, in annual terms. Quarterly seasonally adjusted growth accelerated from 0.4% in the third quarter to 1.3% in the fourth quarter. GDP increased by 2.2% in 2016, Swedbank reported.

PM to meet Estonian leaders, sign Rail Baltica deal in TallinnFREE

Monday, January 30, 2017 10:06
Lithuania's Prime Minister Saulius Skvernelis is going to Tallinn on Monday to meet with the country's leaders and sign the agreement on European-gauge Rail Baltica railway.

Lithuania plans to sign Rail Baltica agreementFREE

Tuesday, January 24, 2017 13:38
Lithuania plans to sign in late January an agreement with Latvia and Estonia on the development of the European standard-gauge railway Rail Baltica.

President sees medicines prices reduction as test of confidence for new healthmFREE

Tuesday, January 24, 2017 11:48
Lithuanian President Dalia Grybauskaitė thinks that problems regarding government-subsidized medicines have been "maliciously ignored" until now and that this issue will be a test of confidence for the country' new Health Minister Aurelijus Veryga.

Invest Lithuania to look at attracting investors to Salcininkai districtFREE

Monday, January 23, 2017 11:24
Invest Lithuania, the government's foreign investment promotion agency, will look at how to attract local and foreign investors to the district of Šalčininkai, in the southeastern part of the country, Prime Minister Saulius Skvernelis said on Friday.

Truck with EUR 1.4 mln worth of smuggling cigarettes busted in LithuaniaFREE

Friday, January 20, 2017 16:22
Lithuanian customs officers busted a Scania truck carrying 1.4 million euros worth of smuggled cigarettes in Kaunas in early hours of Wednesday.