Law enforcement conducted searches at the company Alvora, the main contractor that constructed Gas Interconnection Poland-Lithuania (GIPL) in Lithuania. The Financial Crime Investigation Service (FNTT) confirmed to the news website 15min.lt on Thursday that searches were also simultaneously carried ...
Economy
206 articles
Ten Lithuanian companies each earned more than EUR 100 million pre-tax profit in 2022, reports business news website Verslo žinios (vz.lt).
EPSO-G Group, a group of energy transmission and exchange companies, has reported that its audited adjusted net profit for 2023 amounted to EUR 24 million and remained stable compared to EUR 24.7 million in 2022. The Group’s investment in projects to strengthen energy independence was a record of al...
Data of Go Vilnius, tourism and business development agency of Vilnius city, shows that in 2023 Lithuania’s capital was visited by nearly 1.2 million guests. The majority of visitors were from Europe and the United States.
Belarus on Thursday announced that it is blocking a range of imports from Lithuania after the latter closed two more checkpoints on the border with Belarus, reports AFP.
In October 2023, the number of employees receiving minimum monthly wage (MMW) and lower gross earnings in the whole economy (individual enterprises included) amounted to 122 thousand and it was 10.2 percent of total number of employees (0.5 percentage point more compared to October 2022). The majori...
Food product manufacturer Vičiūnai, linked to Kaunas Mayor Visvaldas Matijošaitis, which had promised to withdraw from the Russian market, represented Russian food industry interests in meetings in Moscow, Lithuania’s public radio LRT reports.
In February 2024, compared with January 2024, wholesale electricity price in Lithuania was by 36% lower and stood at EUR 74.78/MWh. Electricity price in Latvia dropped by 36% to EUR 74.78/MWh, while in Estonia it dropped by 40% to EUR 75.52/MWh.
On 12 March 2024, AB AUGA group and its subsidiaries, which develop sustainable agricultural technologies and solutions, commenced the supply of biomethane gas through the natural gas system operated by the gas transmission system operator AB Amber Grid.
German airline Lufthansa has cancelled Tuesday’s flights between Vilnius and Frankfurt, shows departure information of Vilnius Airport.
In February 2024, against January, prices for consumer goods and services increased by 0.7%, the State Data Agency reports. This was mainly influenced by an increase in prices recorded for fuels and lubricants, electricity, catering services of restaurants, cafés and the like, package holidays, main...
The Constitutional Court ruled Thursday that the pension accumulation law restricted the ability to withdraw money from pension funds and thus violated the Constitution.
The Ministry of the Interior has presented amendments to the Law on the Legal Status of Aliens. Action is taken to introduce safeguards, ensure national security and eliminate abuse of migration and employment procedures.
The risk-sharing partnership model, which was introduced by Lithuanian Airports and successfully connected Vilnius Airport with London City airport last year, is continuing. Lithuanian airports and the airline airBaltic have signed a joint investment agreement, under which regular flights will opera...
On Friday, 1 March, Polish farmers started a protest campaign at the Polish-Lithuanian border on the main motorway between the two countries. Polish farmers are protesting and voicing their discontent about the European Green Deal and import of cheap Ukrainian grain to Poland. Lithuania’s Police Com...
A group of MPs from various political groups proposes suspending imports to Lithuania of agricultural products and feed whose country of origin is Russia or Belarus.
Amber Grid, the operator of the Lithuanian natural gas transmission system, has applied to the bank for a guarantee from the GIPL pipeline contractor. Amber Grid is requiring the contractor to rectify identified deficiencies in the certification of some components. Failure to do so will result in th...
In January, total industrial production increased by 7.1 percent, reports Lithuania’s State Data Agency.
In May 2024, Curio Collection by Hilton hotel will open its doors at the former historical telegraph building near Vilnius Cathedral Square. Previously, Grand Hotel Kempinski Vilnius operated in the building.
Low-cost airline Ryanair has announced that it will base one more aircraft in Kaunas Airport this summer and will open three new routes.