Tourism Department bans Latvian agency Travel RSP from operations in Lithuania

Friday, May 5, 2017 14:15
Latvia's travel agency Travel RSP has no right to operate in Lithuania, as it is not listed as a provider of travel services, the State Tourism Department concluded.

Lithuania's railway company turns to prosecutors over former executives' operations

Friday, May 5, 2017 10:57
The new top executives of the Lithuanian state-run railway company Lietuvos Gelezinkeliai (LG) have turned to prosecutors over about 5 million euros in damages caused to the company by possibly non-transparent operations of its earlier chiefs.

IMF mission starts work in Lithuania

Thursday, May 4, 2017 09:52
A mission from the International Monetary Fund (IMF) on Thursday is starting work in Lithuania.

New labour code needs to be supplemented - Grybauskaitė

Thursday, May 4, 2017 09:47
If Lithuania's new Labour Code is passed by the Seimas with the Tripartite Council-approved amendments and takes effect in July, the package will have to be supplemented immediately as it fails to ensure adequate protection of workers' rights, President Dalia Grybauskaitė said.

Vilnius searching for sellers of 150 new buses

Wednesday, May 3, 2017 10:37
After a few months of postponement, the Vilnius city administration has announced a tender to buy 150 new city buses at a maximum value of 40.5 million euros.

Italy's Gemmo litigates over Vilnius street lighting project (2)

Tuesday, May 2, 2017 11:06
An attempt to cancel a contract with Italy's Gemmo, the winning bidder for Vilnius' street lighting project, is stuck in courts, the 15min.lt news website reported on Tuesday.

Budrys sacked from Rail Baltica Statyba (1)

Tuesday, May 2, 2017 09:35
Dainius Budrys
Asmeninis archyvas
Dainius Budrys, a member of the Lithuanian Social Democratic Party and a former MP, has been sacked from top executive of Rail Baltica Statyba (Rail Baltica Construction), the subsidiary of the state-run Lietuvos Geležinkeliai (Lithuanian Railways) that coordinates the European-gauge railway project Rail Baltica in Lithuania. The information was confirmed to BNS by Budrys on April 28.

Labour Code to be put before Seimas next Tuesday

Thursday, April 27, 2017 09:59
Amendments to Lithuania's new Labour Code will be put before the parliament next week, the Lithuanian Farmers and Greens Union (LFGU) and the Social Democratic Party (LSDP) agreed on Wednesday.

Faster, greener, cheaper: Hyperloop One visits LithuaniaFREE

Monday, April 24, 2017 10:09
Hyperloop One spent a day visiting Lithuania and met with ministers, innovators and business community. They gave everyone updates of the progress they are making towards building the first functioning Hyperloop. They are currently building a test demonstration site in Nevada and will show off the first prototype in the middle of this year, Vladas Lašas’, representatives wrote in a press release.

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.