Economy

The Lithuanian government endorsed a package of measures aimed at cutting alcohol consumption on Monday. It includes alcohol-free zones, and further restrictions on selling hours and on alcohol advertising.

Growing consumer demand in Lithuania and the Baltic States is pushing developers to build bigger and bigger shopping centres throughout the three countries.

With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop.

Lithuania picked up five major awards at this year’s Central and Eastern Europe Shared Services and Outsourcing Awards in Warsaw and came out on top overall for the second year running.

The European Commission is predicting that the Lithuanian economy will grow by 2.9% this year following a lacklustre performance in 2015.

The Lithuanian Minister of Economy of Ukraine, Aivaras Abromavičius, said on Wednesday he was stepping down as his ministry was being hijacked by corrupt vested interests.

After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis.

Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway's Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%.

Last year, steady steady growth in new personal and mortgage loans was observed by Swedbank. The total value of new mortgage loans issued over the last three quarters of last year alone (at €740 million) surpassed the value of all mortgage loans issued in 2014.

Contracted export market and Russian economic stagnation last year slowed Lithuania's gross domestic product growth, but this year the growth will be twice as fast and will rise from 1.6 to 3.2 percent, announces professional services company EY in the latest publication the Euro Forecast.

Increased household consumption and investment are increasingly driving economic growth in Lithuania - without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists.

A higher minimum wage, which will increase again in July, will inevitably lead to higher service prices, according to economists. Experts expect inflation to accelerate alongside growing pay.

With the holiday season in full swing, the Suwalki region in neighbouring Poland is becoming an ever-more popular destination for Lithuanians, who travel there to buy goods in local shops and shopping malls. One in three shop customers in Suwalki is Lithuanian.

In the opinion of a seventh of the polled residents of Lithuania, the economic situation in the country has improved over the last two months, while more than one in ten also saw positive changes in their household finances.

The latest data provided by Statistics Lithuania has showed that the country's economy grew by 1.8 percent in the third quarter of 2015. This is the best result achieved this year, demonstrating that Lithuania's economy is gradually recovering from the lowest growth period since the 2008-2009 crisis...

Dar vos prieš metus CNN įtraukia Vilnių į dešimties pažangiausių ateities miestų sąrašą, įtakingi japonų analitikai „Media Create“ skelbia Vilnių karščiausiu tašku žaidimų kūrėjams Centrinėje ir Rytų Europoje, britų leidinys „The New Economy“ nominuoja Vilnių išmaniųjų miestų topuose.

EN.DELFI TV by the Lithuania Tribune spoke to Sergey Aleksashenko, Former Deputy Minister of Finance of Russian Federation, Senior Fellow at the Development Center. We spoke about how Western sanctions and oil prices are not the only thing affecting the Russian economy. Russian economy is weak for s...

EN.DELFI TV by the Lithuania Tribune spoke to Sergey Aleksashenko, Former Deputy Minister of Finance of Russian Federation, Senior Fellow at the Development Center. We spoke about whether or not Russia is still able to modernise its economy. With President Putin ruling the country for the next fores...

The reforms underway in Ukraine should be completed as soon as possible, and the country's politicians are faced with the challenge of time, says Lithuania's Foreign Minister Linas Linkevičius.

Ukraine’s Economy Minister Aivaras Abromavičius, who is Lithuanian, is visiting Vilnius on Friday.