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.

Stationing NATO troops in Rukla, Lithuania to benefit businessesFREE

Friday, January 20, 2017 10:36
USA military moving to Rukla
DELFI (R. Achmedovo nuotr.)
As the town of Rukla, central Lithuania, awaits deployment of more than 1,000 NATO troops, the military town has already improved the infrastructure and plans to do more work for 5.8 million euros before the arrival of the entire battalion in mid-2017, Verslo Žinios business daily said.

Vilnius airport revamp to pull down tourist flows by 40% in summer (1)FREE

Thursday, January 19, 2017 16:04
Representatives of the Lithuanian tourism business lack information about airlines' plans to fly passengers during the summer reconstruction of the Vilnius airport, which is expected to pull down the number of travelers in Lithuania by 40 percent and lead to higher prices of trips.

Lithuania tops list of developing economies in WEF's inclusive development index (2)FREE

Tuesday, January 17, 2017 17:15
Lithuania tops the list of the world's developing nations in terms of inclusive economic growth, according to the Inclusive Growth and Development Report published by the World Economic Forum for the first time.

New Govt wants to study details of Rail Baltica project - TranspMinFREE

Tuesday, January 17, 2017 12:29
Rail Baltica
rail-baltica.lt nuotr.
The Lithuanians government wants to look into the details of the Rail Baltic project before signing interstate agreements on the European standard-gauge railway, Transport Minister Rokas Masiulis said.

PM - Other countries view Belarus' N-plant project through economic lensFREE

Tuesday, January 17, 2017 10:22
Other countries view Belarus' Astravyets nuclear power plant project through an economic lens, Lithuanian Prime Minister Saulius Skvernelis said on Tuesday, commenting on the Latvian foreign minister's words that his country is not considering restricting electricity imports from the facility under construction just 50 kilometers from Vilnius.

Lithuanian electronics firms suspected of tax evasionFREE

Monday, January 16, 2017 13:22
Lithuanian companies selling mobile phones, laptops and other electronic devices are suspected causing about 750,000 euros in damage to the state budget via value-added tax (VAT) fraud schemes, the Financial Crime Investigation Service said on Monday.

Unsafe power boycott would spur synchronization talks with PolandFREE

Friday, January 13, 2017 20:27
Talks on synchronization of the Baltic and Polish power grids can be spurred by the decision not to buy electricity from unsafe power plants, says Lithuania's Foreign Minister Linas Linkevičius.

Analysts: Forestries must be restructured within 1-2 yearsFREE

Thursday, January 12, 2017 15:37
View from the Lajų Path
R. Lančicko nuotr.
After the Lithuanian environment minister initiated restructuring of state forests, analysts say the country's 42 state forest institutions should be restructured within the coming two years, as otherwise the reform may be left unimplemented.

Minister of Environment proposes to set up single forestry enterpriseFREE

Thursday, January 12, 2017 10:57
Lithuanian Environment Minister Kęstutis Navickas proposes to establish a single enterprise to manage state forests.

President moves to limit terms of office for state-owned cos' CEOsFREE

Wednesday, January 11, 2017 16:44
Lithuanian President Dalia Grybauskaitė proposes legal amendments setting a limit of two five-year terms for chief executive officers of state enterprises and state-owned public and private limited-liability companies.

Annual inflation jumped to 1.7% at the end of 2016FREE

Monday, January 9, 2017 14:04
Annual consumer price growth accelerated to 1.7% in December. Higher prices of food products (dairy products, meat), alcoholic drinks (beer), fuels, tobacco products as well as restaurant services contributed the most to annual inflation.

How a Lithuanian company became successful in Baltic Sea region?FREE

Friday, January 6, 2017 14:42
Startup DealLink.biz, a Lithuanian-built B2B open procurement platform, has successfully expanded into the Finnish and Polish markets, it announced. The company also confirmed it will start operations in Sweden in January 2017, in Denmark in March, and in Norway in May.

Tax chief probed for possible misconductFREE

Thursday, January 5, 2017 10:05
Dainoras Bradauskas, the head of the Lithuanian State Tax Inspectorate, may have committed disciplinary misconduct, the Special Investigation Service (STT) said on 4 January.

Ministry and trade unions to work out fixed pay model for teachersFREE

Tuesday, January 3, 2017 10:42
The Lithuanian Education and Science Ministry, together with trade unions, plans to work out by March a fixed pay model for school teachers.

Lithuanian businesses get loans from Russian banksFREE

Monday, January 2, 2017 11:27
Sberbank
Sputnik/Scanpix
Lithuania is in the zone of influence of Scandinavian banks, however, Russian banks also have low-key operations in the country and hand out loans to Lithuanian businesses, which Scandinavian-operated local banks are not extremely happy about and warn about risks, Verslo Žinios daily said.

President signs 2017 state budgetFREE

Thursday, December 29, 2016 12:59
President Dalia Grybauskaitė signed under the 2017 state budget project which already passed in Seimas.

Minister “ban everything” – will absurd situations not occur?FREE

Thursday, December 29, 2016 12:50
The new government, it would appear, intends to start its work with harsh restrictions. Their newest idea – to ban children’s’ champagne as it supposedly is associated with alcoholism and encouraging alcohol consumption.