• May 16, 2025
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Lithuania

GetJet Airlines and Tez Tour sign a new long-term agreement

GetJet Airlines, Lithuanian ACMI and charter service provider, has signed a long-term agreement with Tez Tour, one of the largest travel organizers in the Baltic States, marking a new chapter [..]

Lithuanian government approves tax reforms

Lithuania’s Cabinet of Ministers on Wednesday approved a package of tax changes proposed by the Finance Ministry which will now be forwarded to Parliament for its consideration. Prime Minister Gintautas [..]

Poll shows increasing dissatisfaction in Lithuanian government

Lithuanian Prime Minister Gintautas Paluckas remains the public’s top choice to lead the Cabinet of Ministers, but the percentage of Lithuanians disapproving of the government’s performance has increased during the [..]

Lithuanian PM discusses ties between Lithuania, Taiwan

Lithuanian Prime Minister Gintautas Paluckas has said that it is a “big mistake” to present Lithuania’s ties with Taiwan as economically beneficial, arguing that the relationship is more about values [..]

Satellite company plans expansion in Vilnius

Kongsberg NanoAvionics is a Lithuanian company which manufactures small satellites, and its currently looking for a place to expand in Vilnius since receiving a major order from the US-based space [..]

Lithuanian avionics group raises new investments

WeSky is a Lithuanian startup which has developed an in-seat charging solution for airplanes. The company has now attracted another EUR 1.036 million in investment from the Coinvest Capital venture [..]

Lithuanian retail sales lower than EU average in March

Lithuania experienced retail sales growth in March that was below the EU average when compared to the same month in 2024, according to the latest Eurostat figures, which were released [..]

Lithuania closes airspace to planes heading for Moscow

Lithuania will not allow politicians from Slovakia and Serbia to cross its airspace on their way to Victory Day celebrations in Moscow, sources told BNS on Wednesday. Serbian President Aleksandar [..]

New auditor general appointed in Lithuania

Irena Segaloviciene, who has been the chief economic and social policy advisor to Lithuanian President Gitanas Nauseda, has now been appointed as the country’s new auditor general. In a secret [..]

Lithuanian court suspends tender for demolition of Moscow House in Vilnius

A Lithuanian court has suspended the public bid for tenders to find someone to demolish the so-called Moscow House in Vilnius, after one of the bidders turned to the courts [..]

Gurtam marks Earth day by planting 2,000 trees in Lithuania

Gurtam, a Vilnius-based IoT software developer with a focus on fleet management, marked Earth Day 2025 by planting 2,000 trees in Lithuania’s Molėtai district. Recently named Socially Responsible Company of [..]

Vilnius planning civil defence, anti-terrorist drills

Drills aimed at ensuring crisis management, civil defence and anti-terrorist activities are due to take place in Vilnius on Tuesday. Participants will train how to respond a large chemical fire [..]

Italian company buys Lithuanian firm

C&C in Italy is one of Apple Premium’s largest retail network operators in Europe, and it has now acquired iDeal LT, which is a retailer of Apple products in Lithuania. [..]

Lithuania’s GDP growth solid, but concerns loom over future – economists

Lithuania’s economy posted solid growth in the first quarter of this year despite geopolitical risks and lingering uncertainty, but economists warn that the outlook for the remainder of the year [..]

Too early to talk about resuming train service between Vilnius and Minsk – adviser

It is too early to discuss the resumption of passenger train service between Vilnius and the Belarusian capital, Minsk, Deividas Matulionis, President Gitanas Nausėda’s chief national security adviser, has said. [..]

Over 4,000 protest in Vilnius against universal property tax

More than 4,000 people gathered in Vilnius’ central Cathedral Square on Sunday to protest against the proposed universal property tax. Protesters from across Lithuania waved national and municipal flags and [..]

Revolut Group more than doubles net profit to EUR 934 mln in 2024

UK-based financial services group Revolut, which includes the Lithuania-registered Revolut Bank, reported a net profit of €934 million for 2024 on Thursday – more than double the €395 million recorded [..]

Baltics, Poland may ask for delay in fuel price hikes

Lithuania, Latvia, Estonia and Poland are planning to petition the European Commission to delay regulations aimed at “dramatically” raising the cost of fossil fuel-based fuels starting in 2028, Lithuanian Prime [..]

Lithuanian Central Bank discusses mass halt to pension savings

The Lithuanian government has proposed reforms to the accumulation of second-pillar pension capital, and if the Lithuanian Seimas approves the proposals, that may lead to a massive exit from pension [..]

Lithuanian Interior Ministry: almost 62,000 people download LT72 app in first month since launch

The LT72 mobile app for public emergency preparedness has been downloaded by nearly 62,000 people in its first month since launch. According to the Lithuanian Ministry of the Interior, the [..]

Lithuania’s personal income tax progressiveness should be ‘moderate’ – president

As the Finance Ministry proposes raising income taxes for some private individuals, President Gitanas Nausėda has expressed support for a moderately progressive tax system with a lower top rate than [..]

One-third of Lithuanians have not visited cafés during past six months

One-third of the Lithuanian population reports not having gone to a café during the past six months, while another third claimed to be doing so less frequently. This is seen [..]

Number of US-owned companies in Lithuania has doubled

The number of US-owned companies operating in Lithuania has doubled to 119 this year, as against 59 in 2020, the Creditinfo Lietuva credit bureau reported on Tuesday. The bureau’s analysis [..]

Lithuania’s national sanctions on Russia, Belarus ‘won’t work’: Member of Parliament

If the European Union refuses to extend sanctions against Russia and Belarus, national sanctions on the part of Lithuania or any other country, would be ineffective, the leader of the [..]

Lithuanian exporters discuss alternatives to US

Lithuanian companies which export a significant share of their wares the United States are saying that it will be hard to find alternative markets in the wake of a 20% [..]

US fintech giant entering Lithuanian market

The US-based financial technology giant Robinhood is preparing to enter the market in Lithuania now that the country’s central bank has granted a brokerage licence to Robinhood Europe. “The Bank [..]

Lithuanian border guards reveal new helicopter

Lithuanian border guards planned to unveil a new helicopter which will escort trains under the Kaliningrad Special Transit Scheme, thus ensuring a rapid response to any potential incidents. “The helicopter [..]

Lithuania to focus more on conference tourism

The Lithuanian Ministry for Economics and Innovation has drafted proposed amendments to the country’s tourism law so as to promote conference tourism in particular, the ministry announced on Friday. There [..]

Consultation by Lietuvos bankas: what’s next for Lithuania’s payments market?

To provide more possibilities to choose and higher protection for consumers and to ensure the development of services, Lietuvos bankas presents a proposal for a payments market strategy up to [..]

Lithuanian Foreign Ministry sets up hotline for businesspeople

The Lithuanian Foreign Ministry has set up a hotline to answer questions from businesspeople in the wake of new US tariffs on many countries, including the European Union. The hope [..]

Lithuania seeking to boost LNG imports from United States

Lithuanian Energy Minister Zygimantas Vaiciunas, was in Washington DC this week, and he believes that his country could ramp up the import of liquefied natural gas (LNG) from the United [..]

Israeli airline to launch flights from Vilnius

The Israeli airline Israir Airlines has announced flights from Vilnius to Tel Aviv. The flights are to be serviced at Vilnius Airport by the Litcargus passenger and aircraft ground maintenance [..]

Lithuanian police launch probe into fraudulent plane tickets

Police in Lithuania announced on Friday that it had launched a pre-trial investigation into the forgery of plane tickets by an anonymous person who sent them to Remigijus Zemaitaitis, leader [..]

Lithuania planning aid package for energy company

Lithuania’s minister for economics and innovation, Lukas Savickas, has announced that the government will provide no more than EUR 54 million in state aid to Orlen Lithuania, which is part [..]

Search continues for US soldiers in Lithuania

Crews working overnight at a military training area in eastern Lithuania removed some silt in the area where a missing vehicle carrying US troops was lost, but water is continuing [..]

New destination from Vilnius Airport: regular flights to Budapest starting mid-summer

Wizz Air is expanding its network of regular routes in Lithuania with a new connection between Vilnius Airport and the Hungarian capital, Budapest. Flights will commence on June 30 and [..]

GetJet Airlines to establish new MRO facility at Vilnius International Airport

GetJet Airlines has successfully secured a long-term land lease at Vilnius International Airport (VNO) through an auction organized by Lithuanian Airports. The airline has been granted the rights to a [..]

Apple buys Lithuanian image editing firm

The tech giant Apple has purchased Pixelmator, which is an image editing app developed by two Lithuanian brothers – Aidas and Saulius Dailide. They refused to disclose the sum of [..]

Lithuanian Post to double network of parcel lockers

The Lithuanian postal service, Lietuvos Pastas (LP) has announced plans to nearly double its network of parcel networks in the country to 700 or 800 of them by 2029. This [..]

Lithuanian firm purchases Danish company

A Lithuanian E-commerce company including the brand names Furniture1 and Baldai1 has announced that it is purchasing My Home, which is a Danish chain of furniture stores that has been [..]

Vilnius receives top honors for investment strategy

Vilnius has received the award for Best Foreign Direct Investment Strategy in fDi’s Mid-Sized European Cities of the Future 2025 ranking. The city also ranked 4th in Economic Potential, 2nd [..]

Lithuania considering types of mines to buy

Lithuania is already discussing how many and what types of anti-personnel mines the country should buy or manufacture once it withdraws from the Ottawa Convention, Defence Minister Dovile Sakaliene said [..]

Summer takes off at Lithuanian airports with new destinations and more frequent flights

As the aviation summer season kicks off at the end of March, traditional airlines will play an even greater role in enhancing Lithuania’s air connectivity. Travelers from Vilnius, Kaunas, and [..]

Lithuania developing clusters for explosives, drones, maritime defence

Lithuania is planning to establish four defence industry clusters, open training areas to test the relevant products, and set up a new venture capital fund to support the industry, Defence [..]

GetJet Airlines announces new CEO as leadership transition marks growth phase

GetJet Airlines, a Lithuanian charter and aircraft leasing company under GetJet Aviation Holdings, has announced a leadership transition. Effective March 12, 2025, Inga Duglas will assume the role of Chief [..]

Lithuanian parliament opens new session with defence funding as key priority

The Lithuanian Seimas opened its regular spring session on Monday with a focus on proposed tax changes to boost funding for national defence. Lithuania’s State Defence Council declared in January [..]

Labour strike in Germany affects flights from Lithuania

A one-day strike by workers at 13 airports in Germany led to the cancellation of several flights from Lithuania on Monday. Air Baltic cancelled its Vilnius flight to and from [..]

Olympic Casino gets fined EUR 8.4 mln for Stepukonis’ gambling

Lithuania’s Gaming Control Authority has fined Olympic Casino Group Baltija nearly 8.4 million euros over the gambling activities of Šarūnas Stepukonis, a former partner at investment company BaltCap Fund. According [..]

Lithuanian economists predict high inflation

People and businesses in Lithuania are going to have to put up with high inflation that will prevail until this year’s summer, economists have told BNS. The monthly price index [..]

EU preparing retaliation against US tariffs

The European Union is preparing retaliatory measures after US President Donald Trump announced on Wednesday that the US would slap 25% tariffs on imports from the bloc, Lithuanian Foreign Minister [..]

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Riga public transportation company to buy new buses

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Lithuanian retail sales lower than EU average in March

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Satellite company plans expansion in Vilnius

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Lithuanian avionics group raises new investments

Unused pipes for the Nord Stream 2 Baltic Sea gas pipeline, which runs from Russia to Germany, lie at the port site in the municipality of Sassnitz. Photo: Stefan Sauer/dpa Credit: Stefan Sauer/dpa

Nord Stream 2 operator given go-ahead to find new investors

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LMT to distribute Samsung smartphone in Baltics

A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. Photo: Hendrik Schmidt/dpa Credit: Hendrik Schmidt/dpa

Three Ukrainians arrested over planned sabotage for Russia in Germany

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Fitch Affirms Latvia’s Credit Rating at ‘A-‘

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Lithuanian government approves tax reforms

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GetJet Airlines and Tez Tour sign a new long-term agreement

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