Economy

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...

Economists estimate that every week of the quarantine in Lithuania, introduced to slow the spread of the coronavirus, shrinks the country's annual GDP by 0.5 percent, Finance Minister Vilius Sapoka says.

The Lithuanian central bank forecasts that the economy may contract between 3.4 and 20.8 percent this year, depending on how long the nationwide quarantine remains in place.

Lithuania's economy is set to shrink at least 1.2 percent this year due to the coronavirus, economists from the country's central Bank of Lithuania estimate.

The widening coronavirus outbreak will have implications for the Lithuanian economy, Finance Minister Vilius Sapoka said on Tuesday.

Lithuania, like other small open economies in Eastern Europe, is often characterized by linear production and consumption. Despite the European Union (EU) initiatives to prompt practical implementation of the principles of the circular economy, the problems of insufficient production from natural re...

Tie, kurie sako, jog net galėdami tai sau leisti nepirktų brangių lėktuvo bilietų, nežino apie ką kalba. Kelionė verslo ar pirmos klasės salone yra nepalyginamai malonesnė ir verta savo kainos. Bet tai yra tik viena iš priežasčių, kodėl oro linijos šias vietas mieliau laikys tuščias nei leis jums ja...

Lithuania's economy has maintained a stable growth pace, analysts say after the country's statistics office, Statistics Lithuania, said earlier today that the country's GDP grew 3.6 percent over a quarter.

Swedbank, a leading bank in Lithuania, raised on Tuesday its forecast for the country's GDP growth in 2019 from 3 percent to 3.7 percent, saying the probability of the economy going into a downturn is low in the context of gloomier global projections.

The Lithuanian Farmers and Greens Union's political group in the parliament has decided to propose Economy and Innovation Minister Virginijus Sinkevicius as the country's candidate to be a member of the next European Commission.

In Lithuania, a GovTech Lab will soon become operational seeking to help address problems of the public sector by means of innovative solutions. The initiative of the Ministry of the Economy and Innovation will offer a possibility for start-ups to test their technology with the public sector and als...

Lithuania's economy is stable and the country is better than ever prepared for challenges, the head of the central Bank of Lithuania and experts from an International Monetary Fund mission, who have finished the work in the country, say.

Lithuanian economy grew at a considerably fast pace at the start of this year but one cannot ignore the growing number of signs showing that growth in the world's major countries will be sluggish for at least two upcoming years, SEB analysts say.

Singapore has ranked as the world's most competitive economy for the first time since 2010, according to the IMD World Competitiveness Rankings, as the United States slipped from the top spot, while economic uncertainty took its toll on conditions in Europe, informs IMD in a press release.

Lithuania's economy will grow at the slowest rate among the Baltic countries, the International Monetary Fund (IMF) forecasts. Faster growth is also expected in Poland.

Как сообщили журналистам спикер Палаты представителей Нэнси Пелоси, лидер демократов в Сенате Чак Шумер и лидер демократического меньшинства в нижней палате Стэни Хойер, встреча президента Трамп с лидерами Конгресса в Белом доме оборвалась, едва начавшись.

When it comes to the labour market in Lithuania, now the employees are calling the shots, while most employers need to compete to attract and retain talent. In the sellers’ market, employers should not approach hiring like courting – instead of trying to find Mr or Ms Perfect, they should settle wit...

Lithuania's Prime Minister Saulius Skvernelis has restated plans of raising pensions, if the country's economy grows, adding that this would not depend on political will.

A growing economy not only strengthens a country‘s image abroad, but also means better living conditions for its people. Lithuanian economists predict that this year the Lithuanian economy will grow far more rapidly than last year. Exports, however, will not be the main factor of this.

The new Minister of Energy Žygimantas Vaičiūnas does not deny the possibility that in negotiations to disconnect from the so-called BRELL ring there could be tensions, but states that Russia understands the goals of Lithuania and other Baltic States perfectly well.