© Vida Press

The number of Lithuanian companies operating profitably increased over the last six months with a majority raising wages, said the head of the macro-prudential analysis department at the Bank of Lithuania Andrius Škarnulis on Žinių radijas.

According to the survey by the Bank of Lithuania, 77% of the companies surveyed in the second half of 2015 were profitable, 6% percent more than in the previous six months. The most profitable companies operated in the industry (81%), while the lowest (73%) - in the service sector. Almost half (46%) of the surveyed companies indicated that their revenue increased.

Lithuanian businesses also have a very positive outlook with every second company raising wages and intend to do so in the future.

“In the last six months, almost every second company raised wages. Similar trends are expected for the next six months, a large proportion of the companies said that they intend to increase salaries. Wage growth will most likely occur in larger companies in the service sector,” said Škarnulis.

Žinių Radijas

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Court: intelligence info about Lithuanian ex-minister as untrue

A Vilnius court recognized on Friday that the State Security Department 's (VSD) allegations about...

Russian suspect in visa bribery case released on bail

Rinat Nasirov , a Russian citizen suspected of giving a bribe to have a Schengen visa issued by...

Lithuania calls on Estonia to coordinate actions following Moscow visit

Lithuanian Minister of Foreign Affairs Linas Linkevicius on Friday called on Estonia to coordinate...

Presidential candidates identify threats to Lithuania's national security

Social exclusion, emigration, a lack of confidence in one's country, corruption. These and other...

MPs want only children vaccinated against measles in kindergartens

A group of Lithuanian lawmakers, representing the opposition conservative Homeland Union –...