Lithuania

Forecast: Lithuanian unemployment to rise

December 31, 2024

Lithuania’s labour market barometer stood at 96.6 points in December, or three points lower than in November. The European Labour Market Barometer, for its part, edged downward by 0.1 points [..]

Lithuania

Lithuanian 2024 GDP growth forecast raised

November 12, 2024

Swedbank, which is one of the largest banks in Lithuania, has revised its GDP growth forecast for the country in 2024 and 2025 by boosting it by 0.2% to 2.4% [..]

Lithuania

LNG terminal to contribute millions to Lithuanian economy: CEO

October 28, 2024

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 [..]

Lithuania

Lithuanian energy company to receive new investment

October 3, 2024

Green Energy, which is a renewable energy company in Lithuania that is owned by the Modus Group, has announced that the European Bank for Reconstruction and Development has tentatively approved [..]

Lithuania

Lithuanians expecting lower energy prices from EU

October 1, 2024

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

Lithuania’s Novaturas Group sees revenue drop 7 pct to EUR 130 mln in Jan-Aug

September 13, 2024

The group of Novaturas, the leading tour operator in the Baltic countries, posted 129.5 million euros in revenue for January-August, a drop of 7 percent from 139.6 million euros a [..]

Lithuania

Lithuania’s Siauliu Bankas places EUR 300 mln note issue in intl markets

August 30, 2024

Siauliu Bankas, one of Lithuania’s largest banks, has made its debut in the international debt capital markets with a 300-million-euro fixed-rate note issue. The bank said in a statement on [..]

Lithuania

Lithuania’s travel industry has recovered – Creditinfo Lietuva

August 28, 2024

Lithuania’s travel industry has recovered from the COVID-19 pandemic, with revenue surpassing pre-pandemic levels for the first time last year and risk levels at their lowest since the start of [..]

Lithuania

Orlen Lietuva, Thermo Fisher, Girteka co top Lithuania’s 2023 exporter list

August 18, 2024

Manufacturing, transport and agricultural trade companies were among Lithuania’s largest exporters last year, the Verslo Zinios news website reported on Friday. The list of major exporters, compiled by Vz.lt based [..]

Lithuania

Orlen Lietuva tops Lithuania’s corporate taxpayer list in H1

July 31, 2024

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

Almost 70 pct of people aged 55-64 worked in Lithuania in 2023

July 16, 2024

As much as 69.1 per cent of the population aged 55-64 were employed in Lithuania in 2023, which was one of the highest rates across the European Union (EU), the [..]

Lithuania

Lithuanian c. bank proposes reviewing taxes, reducing VAT gap as population ages

July 9, 2024

As the population ages, the Bank of Lithuania proposes reviewing existing tax exemptions and privileges, and income and wealth taxation, and reducing the VAT gap to increase budget revenue collection. [..]

Lithuania

Lithuanian economy minister to meet Apple, Amazon reps

April 10, 2024

Economy and Innovation Minister Ausrine Armonaite is meeting with representatives from global technology giants Apple and Amazon Web Services (AWS) on Wednesday to present Lithuania’s investment environment and conditions for [..]