Lithuanian regulator slaps Vilniaus Energija with EUR 1.3 mln fine

Monday, March 27, 2017 09:43
The Lithuanian energy market regulator has slapped the district hearing supplier Vilniaus Energija (Vilnius Energija) with the maximum possible fine of 1.307 million euros for unjustified price increases between 2012 and 2014.

Lithuanian Railways expects to cooperate with China Merchants Group

Thursday, March 23, 2017 09:42
Lithuanian railway
Lietuvos geležinkeliai
State-owned Lietuvos Geležinkeliai (Lithuanian Railways, or LG) expects to transport China Merchants Group's freight from a 280-million-euro industrial park under construction in Belarus' capital of Minsk.

Lithuania equates foreigners' professional experience with high qualifications

Wednesday, March 22, 2017 16:29
In an effort to facilitate the entry of skilled foreign labour into Lithuania, the government on Wednesday recognized professional experience as an alternative to higher education qualifications.

New Labour Code to take effect in July - PM

Monday, March 20, 2017 14:41
Enforcement of Lithuania's new Labour Code liberalizing the labor relations will not be postponed again, says Prime Minister Saulius Skvernelis, adding that the document will take effect in July.

It's important is that TV3 remains in hands of Western investors

Friday, March 17, 2017 13:52
Swedish media group MTG's decision to sell its Baltic business, including Lithuania's television group TV3, to US-based Providence Equity Partners will allow maintaining Western business traditions in the media market, a Lithuanian communication and media expert said.

PM proposes alcohol sales by bank cards only

Friday, March 17, 2017 11:42
Credit cards accepted
DELFI / Valdas Kopūstas
At a meeting with Lithuanian business figures on Tuesday, Prime Minister Saulius Skvernelis presented the idea of allowing payment for alcohol by bank cards only, news portal said.

Special envoy of Denmark comes to discuss the future of European Medicines Agency

Thursday, March 16, 2017 10:06
On 22 March 2017 Denmark’s special envoy, Lars Rebien Sørensen, will be visiting Lithuania to present the Danish candidacy for hosting European Medicines Agency (EMA) and draw attention to the advantages of the Danish bid. He will meet with Lithuanian high level officials in order to explain why Denmark is working towards getting the EMA relocated from London to Copenhagen. the Danish Embassy in Vilnius announced in a press release.

Government, employers, unions finish discussions on new labour code

Thursday, March 16, 2017 09:49
Labour code
DELFI / Rytis Daukantas
Representatives of the Lithuanian government, employers and trade unions signed an agreement on a number of issues during the last meeting of the Tripartite Council on Wednesday, the Social Security and Labour Ministry said.

Minister of health asks producers cut medication prices

Wednesday, March 15, 2017 09:44
Lithuania's Health Minister Aurelijus Veryga has asked pharmaceutical manufacturers to lower prices for Lithuania, while representatives of the manufacturers say the call may have no effect, if the pharmaceutical pricing system is not revised.

Three bid in National stadium tender, door closed for Italian company

Tuesday, March 14, 2017 14:36
Vilnius National Stadium
DELFI / Rytis Daukantas
Three Lithuanian and foreign companies or consortia have passed the pre-selection stage of the bidding process for a concession to build and operate a 90-million-euro national stadium in Vilnius. The fourth potential bidder, Italy's Pessina Costruzioni, missed the deadline for submitting its application.

PM pledges to raise pensions, if economy grows

Monday, March 13, 2017 11:29
Lithuania's Prime Minister Saulius Skvernelis has restated plans of raising pensions, if the country's economy grows, adding that this would not depend on political will.

Government approves programme implementation plan

Monday, March 13, 2017 10:43
Lithuania's government on Monday approved a plan for implementation of its programme.

Air Baltic cancels flight from Vilnius to Berlin

Monday, March 13, 2017 10:15
air Baltic jet
Bendrovės archyvas
Latvia's Air Baltic airline has canceled a flight from Vilnius to Berlin and back on Monday due to a strike in progress in airports of the German capital.

PM sees plans to terminate contracts with Hanner as blow to investment setting

Wednesday, March 8, 2017 10:30
The intentions of the Lithuanian National Land Service to terminate contracts with real estate developer Hanner over the lease of the territory of the former Žalgiris Stadium in Vilnius is a blow to the investment environment, Prime Minister Saulius Skvernelis has stated.

President moves to give public authorities free access to registers

Tuesday, March 7, 2017 13:15
Lithuanian President Dalia Grybauskaitė proposes that public authorities should be given free access to the state's registers.

DNB, Nordea name their combined Baltic bank Luminor

Tuesday, March 7, 2017 13:09
Luminor bank
Bendrovės archyvas
The name of DNB’s and Nordea’s proposed combined bank in the Baltics will be Luminor. Announcing the new brand is another major milestone in establishing the combined bank.

Riga minibus operator, Lithuania's Transrevis wins Vilnius public transport contract

Tuesday, March 7, 2017 12:00
A consortium of Latvia's minibus passenger service operator Rigas Mikroautobusu Satiksme (RMS) and Lithuania's intercity minibus service operator Transrevis will operate one-tenth of Vilnius' public transport service routes after winning one of two parts of a tender announced by the Lithuanian capital to select private passenger service providers.

Lithuania's spending on social security among EU's lowest (1)

Monday, March 6, 2017 12:34
At the Vilnius Social Benefits Centre
V.Cesevičiūtės nuotr.
The Lithuanian government's spending on social security was one of the lowest among all 28 members of the European Union (EU) in 2015, Eurostat said on Monday.

Šaučikovas to become CEO of 15Min, BNS Lithuania

Monday, March 6, 2017 10:21
Ramūnas Šaučikovas
Organizatorių archyvas
Ramūnas Šaučikovas will become the CEO of 15min, one of the biggest news environments in Lithuania, and BNS Lithuania as of March 6.