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.

Seimas raises legal alcohol drinking age to 20

Thursday, June 1, 2017 12:26
Young people under the age of 20 will not be allowed to buy or drink alcoholic beverages in Lithuania starting next year.

Lithuania scraps reduced VAT on heating, hot water

Thursday, June 1, 2017 10:25
Lithuania's value-added tax rate on district heating and hot water supply increases starting on Thursday, from the reduced 9 percent rate to the standard 21 percent, but so does the number of households eligible for partial reimbursement of heating and hot water costs.

Lithuania drops 3 places to 33rd in world competitiveness ranking

Thursday, June 1, 2017 10:12
Lithuania slipped three places to 33rd among 63 nations in the 2017 world competitiveness ranking released by the Swiss-based International Institute for Management Development (IMD).

1 in 3 Lithuanians get at least 1 type of pension

Wednesday, May 31, 2017 12:08
Some 908,200 persons were paid at least one type of pension in Lithuania at the end of 2016, which is one in three residents of Lithuania, the country's statistics agency said in its preliminary report.

Lithuanian business set to explore IndiaFREE

Tuesday, May 30, 2017 14:52
India welcomes Lithuanian companies to explore its markets, said India's Minister of State (MOS) for External Affairs, Mr M.J. Akbar, in a meeting with business leaders of Lithuania. The exchange took place at the prestigious Confederation of Lithuanian Industry, in Vilnius on 26 May. The Confederation, which comprises 3,000 companies engaged in over 50 sectors, is headed by Mr Robertas Dargis, one of the most successful entrepreneurs in the country. Lithuanian business is looking for new markets beyond Europe.

Government yet to decide on use of 13 million euros paid by Alstom

Tuesday, May 30, 2017 12:35
The government has not yet made its decision on the use of 13 million euros paid by Alstom to the country as ordered by a London court in a case in which the French group's Swedish energy unit Alstom Power was accused of corruption in Lithuania.