#Lithuania

Lithuanian leads in online payments in euro zone, people still use cash

Lithuanians buy and pay for items online more than people in other euro zone countries, but cash still remains important. This according to a recent survey by the European Central [..]

Lithuanian Public Security Service expands areas of protection

Lithuania’s Public Security Service (PSS) will be charged next year with protecting LitPol Link facilities in Alytus, the NordBalt infrastructure in Klaipeda, the Litgrid data centre in Vilnius, and a [..]

Completion of Rail Baltica by the set deadline depends on the ability of the three Baltic States to cooperate efficiently and co-ordinately

Authored by journalist Ain Alvela. The construction of the Rail Baltica high-speed railway, designed to connect Estonia, Latvia, and Lithuania with Europe, has entered the construction phase across all three [..]

Tsahkna to Landsbergis: We will not simply watch as Russia is acting arbitrarily on our territory

Lithuanian Foreign Minister Gabrielius Landsbergis was on a visit to Estonia, meeting with Foreign Minister Margus Tsahkna to discuss further cooperation between their countries, support for Ukraine, and regional security. [..]

Two Spaniards arrested for planning terrorist attack in Lithuania

Lithuanian law enforcement officials have detained two Spanish nationals and charged them with planning to carry out an act of terrorism in the country, prosecutors announced on Tuesday. The Prosecutor-General’s [..]

Lithuanian advisor: Baltic Sea patrols need strengthening

In the wake of two undersea fibre-optic cables being damaged, Lithuanian President Gitanas Nauseda’s chief national security advisor called on Tuesday for the country to increase its intelligence capacities and [..]

Lithuania launching new bid for tenders for offshore wind farm

Lithuania’s National Energy Regulatory Council on Monday launched a new bid for tenders on the development of a second 700 MW offshore wind park in the Baltic Sea, with a [..]

Telia company in Lithuania to lay off 153 employees

Telia Global Services Lithuania, which is the Vilnius-based competency subsidiary of Sweden’s Telia Company, has announced that it is laying off 153 of its employees as part of an attempt [..]

LNG terminal to contribute millions to Lithuanian economy: CEO

During its ten years of operations, the Klaipeda liquefied natural gas (LNG) terminal has generated major benefits for Lithuania’s economy and the country’s consumers, Darius Silenskis, CEO of KN Energies [..]

Lithuanian officials conducting international probe of DHL parcels

Lithuanian law enforcement officials have refused to comment on German media reports about a person who was detained in Lithuania on charges of sending out self-igniting parcels. The original report [..]

Lithuanian company to participate in offshore wind farm auction

Lithuania’s state-owned energy group Ignitis Group has announced its decision to take part in a second offshore wind farm tender for the right to develop around 700 MW of offshore [..]

Ryanair planning new hangar in Kaunas

The Irish budget airline Ryanair has announced plans to permanently base a third aircraft at Kaunas Airport in Lithuania next year. Part of the plan is to build another aircraft [..]

Decathlon Lithuania eyeing further expansion in Baltics

Decathlon Lithuanian operates French sports and leisure shops in Lithuania, and it is planning to expand further into the Baltic region and particularly Estonia. The company also plans to focus [..]

Experts don’t expect fuel, gas prices in Lithuania to rise

Ongoing unrest in the Middle East should not have a significant effect on the price of natural gas and oil products in Lithuania, according to the director of the Lithuanian [..]

Lithuanians expecting lower energy prices from EU

The latest Eurobarometer poll, which was published in Monday, shows that many Lithuanians expect the European Union to do better at co-ordinating energy issues – 71% of Lithuanians, as against [..]

Lithuania to help with restoration of Bucha, Borodyanka in Ukraine

Lithuania has developed an interactive 3D platform that will help to rebuild the Ukrainian cities of Bucha and Borodyanka, both of which were heavily damaged by Russian attacks. The platform [..]

Key facts about Northrop Grumman as it plans to produce ammunition in Lithuania – BNS REVIEW

As US defense giant Northrop Grumman plans to install a production line for 30 mm caliber ammunition within the territory of Lithuania’s Giraites Ginkluotes Gamykla, the country’s small caliber ammunition [..]

Germany’s DATAGROUP opens branch in Lithuania’s Kaunas, to hire 50 people

DATAGROUP, a German IT service company, has recently established a branch in Lithuania’s second-largest city of Kaunas, DATAGROUP Operations Lithuania. Initially, it plans to hire up to 30 people and [..]

Financial Times: TPG in talks to buy stake in Lithuania’s Vinted

TPG, a US private equity group, is in talks to acquire a stake in Vinted, a Lithunian online peer-to-peer platform second-hand fashion platform, valuing the whole company 5 billion euros, [..]

Play Airlines to operate twice-weekly Vilnius-Reykjavik flights from next year

Iceland’s low-cost carrier Play Airlines is set to increase its flight frequency between Vilnius and Reykjavik to twice a week starting in mid-May next year, Lietuvos Oro Uostai (Lithuanian Airports, [..]

Tesla opens its 1st pop-up store in Lithuania

US electric car giant Tesla has opened its first pop-up store in Lithuania, the company said on Thursday. The Tesla pop-up has been opened at the Akropolis shopping mall in [..]

Inspired by Poland, Lithuania aims to boost defense budget to over 3 pct of GDP – Nauseda

Lithuania, inspired by Poland’s example, aims to allocate more than 3 percent of its GDP to defense, President Gitanas Nauseda said in Warsaw on Wednesday. Currently, Poland allocates 4 percent [..]

Telia to lay off 400 employees in Lithuania

Sweden’s Telia Company is set to lay off around 400 employees in Lithuania as part of the streamlining of its operating model, with 200 redundancies planned in the telecoms company [..]

Lithuania legalizes home-distilled vodka production at rural tourism homesteads

The Lithuanian parliament on Tuesday approved legislation allowing farmers providing rural tourism services to produce traditional home-distilled vodka. The amendments to the Law on Alcohol Control were passed with 63 [..]

Lithuania ranked 2nd in global prefabricated wooden house exports in 2023

Despite a challenging year, Lithuania was the world’s second-largest exporter of prefabricated wooden houses in 2023, with exports of Lithuanian-made buildings with exterior and interior finishing elements made of wood [..]

Lithuania delivers final batch of crowdfunded anti-drones to Ukraine

The final batch of 22 anti-drones purchased with funds raised through the Radarom! crowdfunding campaign in Lithuania was delivered to Ukraine on Wednesday, Blue/Yellow said. The Vilnius-based NGO said that [..]

US poultry export way opens up for Lithuania, but process will be long

Lithuania can now apply for permission to export heat-treated poultry products to the US, Lithuania’s State Food and Veterinary Service said on Friday, adding, however, that the process may take [..]

SEB Global Services expands to Kaunas

The Vilnius-based services center of Sweden’s financial group SEB has opened a technology unit in Kaunas. The Kaunas office currently employs 20 people, but more jobs are planned in response [..]

Lithuania’s Civinity buys 10 pct stake in Latvia’s Mobilly

Civinity, a Lithuanian building maintenance and engineering solutions groups, has acquired a 9.99 percent stake in Mobilly, a Latvian mobile payments company, from its existing shareholders for an undisclosed value. [..]

Lithuania’s Vilvi Group lifts Jan-Jul sales 15 pct to EUR 137 mln

Vilvi Group, a leading Lithuanian dairy group, said on Monday that its revenue for January-July rose by 15 percent year-on-year to 137.36 million euros. Monthly revenue in July surged by [..]

Tesla establishes Tesla Lithuania in Vilnius

Tesla International of the Netherlands, which is owned by the US electric vehicle (EV) giant Tesla, is setting up a company in Lithuania – Tesla Lithuania. According to the Center [..]

Germany’s Commerzbank has serious intentions in Lithuania

The intentions of Commerzbank, one of the largest German banks, in Lithuania are “absolutely serious” and the bank should inform about them itself in the nearest future, Economy and Innovation [..]

Cyprus fund manager ISWM Asset Management establishes ISWM Hotel LT in Vilnius

ISWM Hotel LT, an investment management company, has been established in Vilnius by ISWM Real Estate Fund Raif, a real estate investment fund managed by Cyprus-registered ISWM Asset Management. According [..]

Gas price drops 3 pct in Lithuania in July m/m, goes up 10 pct y/y

The average market gas price in Lithuania dropped 3 percent to 38.69 euros per MWh in July, from June, but rose 10 percent year-on-year, the GET Baltic gas exchange said [..]

Wizz Air resumes flights from Vilnius to Tel Aviv

Hungarian airline Wizz Air is on Tuesday resuming flights from Vilnius to Tel Aviv. “Wizz Air is resuming flights,” the airline’s communications agency told BNS. The airline suspended its flights [..]

Circle K pays most tax among Lithuania’s retailers in H1 – 136.7 million euros

Circle K Lietuva (Circle K Lithuania), one of the largest fuel retail chains in Lithuania, paid the highest amount of taxes into the state coffers among retailers in the first [..]

Lithuania’s FM warns of flight cancellations to Israel, calls on citizens to leave country

The Lithuanian Foreign Ministry recommends citizens to assess the necessity of traveling to Israel and those who are there to leave in view of possible escalation in the region and [..]

Procedure for taking land for major projects enters into force in Lithuania

Private land needed for projects of special national importance can be taken more easily in Lithuania from August as the procedure for taking such land, simplified by the Seimas in [..]

Flo Health joins unicorn club after raising over USD 200 mln – Unicorns Lithuania

Flo Health, a women’s health app developer having an office in Lithuania, said on Tuesday it had raised more than 200 million US dollars (185 million euros) and reached a [..]

Sweden’s Pax2pay launches operations in Vilnius

Pax2pay, a Swedish digital payments company, has set up its business in Lithuania. According to the Center of Registers, the company was established in Vilnius on July 26 and is [..]

Orlen Lietuva tops Lithuania’s corporate taxpayer list in H1

Orlen Lietuva paid the highest amount of taxes to the Lithuanian State Tax Inspectorate (STI) in the first half of this year, the Verslo Zinios news portal reports on Wednesday [..]

Lithuania’s BAA Training expects higher returns from Asia as it end year in red

BAA Training, a training company that is part of Avia Solutions Group, a Lithuanian aviation group owned by businessman Gediminas Ziemelis, expects higher returns this year from its Asian investments [..]

S&P reaffirms Lithuania’s Maxima Group’s credit rating

S&P Global Ratings has reaffirmed a BB+ credit rating with a stable outlook for Lithuania’s Maxima Group, the biggest retail group in the Baltics, owned by Nerjus Numa’s Vilniaus Prekyba [..]

Ergo set to buy Lithuania’s Gjensidige, its Baltic branches

Ergo International, the manager of the international business portfolio of the German-owned insurance group Ergo, is acquiring Lithuania’s Gjensidige, along with its branches in Estonia and Latvia, from Norway’s non-life [..]

Teva Baltics set to expand its pharmaceutical plant in Vilnius

Teva Baltics, part of Teva Pharmaceutical Industries, one of the world’s largest generic drug manufacturers, is set to expand its pharmaceutical plant in Vilnius with the addition of two new [..]

Bank of Taiwan seeks to establish representative office in Lithuania

The Bank of Taiwan, the largest Taiwanese bank, wants to set up a representative office in Lithuania as it sees an opportunity to expand its business in Central and Eastern [..]

Global IT outage caused no major damage in Lithuania – center

Friday’s widespread global technology outage did not affect critical organizations in Lithuania, but the recovery of the affected systems overall will take time due to the nature of the disruptions, [..]

Germany’s Datagroup to provide IT services in Lithuania, hire 30 employees

Datagroup Operations Lithuania, a newly established business of German IT company Datagroup in Lithuania, will provide IT services to the German company. According to Melanie Held, marketing consultant at Datagroup [..]

Orlen Lithuania has new CEO, just six months after appointing previous one

Orlen Lietuva (Orlen Lithuania), a Lithuanian oil import and refining company owned by Poland’s Orlen oil group, has been headed by its former CFO, Marek Pawel Golebiewski, since the end [..]

Almost 1,000 Jews ask for compensation for expropriated property in Lithuania

Nearly 1,000 Jews are asking for compensation for property illegally expropriated in Lithuania in the last century. The Good Will Foundation told BNS that it had received 951 applications for [..]

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