Govenment expects to build Rusne overpass next year

Friday, April 21, 2017 13:24
The Lithuanian government is ready to take the necessary decisions for building an overpass on the only road to the Rusnė island in the River Nemunas delta as early as next year, Prime Minister Saulius Skvernelis said on Friday.

President says tripartite deal on pay rise unworkable

Thursday, April 20, 2017 13:47
Lithuanian President Dalia Grybauskaitė says that a trilateral pay rise agreement between the government, employers and trade unions is a good intention that cannot be put into practice as the state cannot force privately-owned businesses to commit themselves to raising wages.

Israel's Simplex Payment Services to develop payment platform in Lithuania

Wednesday, April 19, 2017 10:30
Simplex, an Israeli financial technology (fintech) and cybersecurity start-up, has chosen Lithuania ahead of the likes of Luxembourg, Cyprus and the UK as the location for its new global supervision and sales team. The company plans to employ around 20 experts in sales, support, Fraud analysis, marketing, information technologies, data analytics, quality supervision and finance in the coming couple of years, Invest Lithuania announced in a press release.

Lithuanian co tries to revive Saulė shuttle container train

Wednesday, April 19, 2017 09:52
Lithuania's VPA Logistics, the operator of the shuttle container train service Saulė (Sun) between Europe and Asia, is trying to revive the stalling project, the business daily Verslo Žinios reported on Wednesday.

Government has no plans to tax pensions - PM

Tuesday, April 18, 2017 10:52
Lithuanian Prime Minister Saulius Skvernelis says that the government does not plan to tax pensions, although Social Security and Labour Minister Linas Kukuraitis has recently publicly mentioned such a possibility.

PM to review Lithuania's situation: Economy growing, population shrinking

Tuesday, April 18, 2017 08:55
Lithuania's Prime Minister Saulius Skvernelis intends to present the government's report to the parliament on Tuesday, reviewing the country's condition after the 17th government took office at the end of last year.

Lithuania should overcome Latvia in competition battle for Chinese investments - PM

Friday, April 14, 2017 15:53
Klaipėda port
Asmeninis archyvas
Lithuania should overcome Latvia in the competition battle for Chinese companies' investments in transport and logistics sector, Lithuania's Prime Minister Saulius Skvernelis said after meting with China's Parliamentary Speaker Zhang Dejiang in Vilnius on Friday.

Governent favours reducing alcohol sale hours, banning advertising

Wednesday, April 12, 2017 16:32
The Lithuanian government on Wednesday threw its backing behind legislative proposals aimed at further restricting access to alcohol and banning alcohol advertising.

New Labour Code to take effect in July - PM

Tuesday, April 11, 2017 15:25
The new Labour Code, which liberalizes labor relations and was approved during the parliament's last term but postponed by the new parliament for six months, will take effect in July with the amendments, which have already been decided by the Trilateral Council, Prime Minister Saulius Skvernelis says.

Ex-CEO of lrytas.lt to head Adnet Media ad network

Monday, April 10, 2017 16:01
Ričardas Baltaduonis, former director of lrytas.lt news portal, has taken the helm of Adnet Media advertisement network for the Baltic states as of Monday, delfi.lt news portal said.

Minister of Economy moves for gender quotas on state companies' boards

Thursday, April 6, 2017 12:50
Lithuanian Economy Minister Mindaugas Sinkevičius, who is running for leader of the Lithuanian Social Democratic Party (LSDP), proposes to introduce gender quotas for currently male-dominated management boards at state-owned and municipal companies.

Higher wages won't be key factor in stemming emigration (4)

Thursday, April 6, 2017 10:19
Lithuanian politicians say that higher wages may stop Lithuanians from leaving their country, but businesses argue that such steps as revamping the education and tax systems and cutting back on the state bureaucracy might put emigration on a declining patch, the business daily Verslo Žinios reported on Thursday.

Finmin says surplus budget possible in future too

Thursday, April 6, 2017 09:38
Lithuania's general government budget balance last year moved into positive territory for the first time in 26 years and Finance Minister Vilius Šapoka says that a budget surplus is possible in the future too.

Govt backs cutting back alcohol sale hours, banning advertising

Thursday, April 6, 2017 09:38
The Lithuanian government on Wednesday approved in principle proposals that call for further restricting the hours of sale of alcohol and banning alcohol advertising. Prime Minister Saulius Skvernelis says that the government managed to reach a compromise.

Sales of tourists trips to Lithuania in China increased by 169%FREE

Tuesday, April 4, 2017 12:45
Lithuania has secured its positions in China as an attractive tourist destination. The advertising campaign conducted by the State Department of Tourism in the greatest Chinese travel platform CTRIP and the most popular social networks WeChat and Weibo has resulted in an increase in the sales of trips to Lithuania even by 169 per cent!

Lithuania has to be proactive in competition with Russian ports - PM

Tuesday, April 4, 2017 10:43
Klaipėda port
DELFI / Kęstutis Cemnolonskis
Lithuania has to be proactive in competing with Russian ports for cargoes, Prime Minister Saulius Skvernelis said on Tuesday morning.

Baltaduonis steps down as lrytas.lt CEO

Tuesday, April 4, 2017 09:55
Ričardas Baltaduonis, founder and director of lrytas.lt news portal, has left the company.

Veolia's subsidiary hands over Vilnius' heating grid to municipal co

Thursday, March 30, 2017 09:34
Vilniaus Energija (Vilnius Energy), a local subsidiary of France's Veolia, has handed over the Lithuanian capital's heating grid to Vilniaus Šilumos Tinklai (Vilnius Heating Grid, or VST), a municipal company, after its 15-year lease on the assets expired on Wednesday.

Irdaiva Co. searched by financial crime squads, CEO detained

Wednesday, March 29, 2017 13:27
Stop Police
Policijos departamentas
Lithuania's Financial Crime Investigation Service on Tuesday conducted searches in the premises of Irdaiva, one of the country's largest construction companies, as part of the probe of fraud suspicions in public procurement deals. Irdaiva's CEO and sole owner Irmantas Kubilius has been detained.

Air Baltic launches flights from Vilnius to Munich Monday

Monday, March 27, 2017 10:18
air Baltic jet
Bendrovės archyvas
Latvia's Air Baltic is starting to fly passengers between Vilnius and Munich, Germany, on Monday.