Economy

Lithuania’s gross domestic product (GDP) is set to shrink by 1% this year, before growing by 2.5% the following year, the Ministry of Finance said on Friday.

In June 2023, the consumer confidence indicator stood at minus 3 and, against May, decreased by 2 percentage points, the State Data Agency reports.

The Ministry of the Economy and Innovation is launching a call worth EUR 15 million to fund start-ups and spin-offs which develop solutions and products in artificial intelligence, blockchain technology, and robotics process automation and operate in the Vilnius region, announced the Ministry of the...

More high-value datasets (HVDs) will be made available to business and the public by June next year, the Ministry of the Economy and Innovation says.

Minister of the Economy and Innovation Aušrinė Armonaitė met on Monday with the executive vice president of McDonald’s, Jon Banner, for talks on the corporation’s plans in Lithuania and investment climate, the ministry said.

On Monday, Foreign Minister Gabrielius Landsbergis held a meeting with Azerbaijan’s Foreign Minister Jeyhun Bayramov, the ministry reports.

Minister of the Economy and Innovation Aušrinė Armonaitė visited Poland and on Tuesday in Warsaw met with Minister of Economic Development and Technology Waldemar Buda. The officials discussed how Lithuania could help Poland solve the grain crisis.

Lentynose išvydus pašaro augintiniams asortimentą, gali kilti nemažai klausimų – sausas ėdalas, konservai, šlapias maistas maišeliuose? O gal viskas kartu?

The European Space Agency (ESA), together with the Economy and Innovation Ministry, is looking for a coordinator for the Lithuanian space industry.

Former Lithuanian President Dalia Grybauskaitė has been awarded the prestigious World Economy Award in Germany, her office said on Sunday.

Ne paslaptis, jog pastaraisiais metais „Pramonė 4.0“ tapo vienu populiariausių terminų technologijų sektoriuje. Didelė dalis verslų šį konceptą vis dar bando pritaikyti savo veikloje. O tuo tarpu valdžios institucijos, siekdamos didinti Lietuvos pramonės konkurencingumą ir gerinti procesų kokybę, re...

Some Lithuanian supermarket chains say that removing non-food products from the shelves would have no major impact on shopper flows, but would cause chaos.

Lithuania is one of the few EU member countries where people's optimism about the national economy has increased over the year, according to the latest Eurobarometer survey.

As Lithuania's public debt is growing due to the coronavirus crisis, the country might need to raise some taxes in the futures. Their burden wouldn’t be as heavy on residents and the economy if the economic structure changed, Lithuanian Finance Minister Vilius Sapoka says.

Lithuania's gross domestic product contracted by a seasonally and calendar-adjusted 4 percent in the second quarter of 2020 from a year ago to 11.609 billion euros at current prices, revised figures showed on Monday.

The whole economy or its individual sectors in Lithuania will not be put on hold if a second coronavirus wave comes, but the focus will be on protection, not bans, Prime Minister Saulius Skvernelis said on Monday.

Lithuania's economy is coping very well with challenges induced by the coronavirus crisis, and the latest figures are a cause for cautious optimism in the second half of this year, Finance Minister Vilius Sapoka says.

Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a year ago to 11.5 billion euros at current prices, the country’s statistics office said on Thursday.

Once the coronavirus crisis ends and the economic situation gets back to normal, Lithuania will have to go back to financial discipline, which will involve efforts to lift some of the tax breaks and to ensure more effective tax collection, President Gitanas Nauseda said at an annual news conference ...

The Parliament (Seimas) of the Republic of Lithuania has adopted a package of investment and corporate tax laws, which offers a new instrument aimed at attracting large investments of local and foreign capital. The package of laws, also known as the ‘green corridor for investment’, provides for much...