Economy

213 articles

The euro area annual inflation rate was 2.4% in March 2024, down from 2.6% in February. A year earlier, the rate was 6.9%. European Union annual inflation was 2.6% in March 2024, down from 2.8% in February. A year earlier, the rate was 8.3%. These figures are published by Eurostat, the statistical o...

On 17 April, Lithuania’s Minister of Foreign Affairs Gabrielius Landsbergis and Minister of Foreign Affairs of Andorra Imma Tor Faus signed a double taxation avoidance agreement between Lithuania and Andorra. The application of this agreement will facilitate the development of economic ties between ...

Amber Grid, Lithuania’s gas transmission system operator, has filed a lawsuit against Alvora, the contractor for the construction of the GIPL gas pipeline, for damages for non-performance of the GIPL construction contract, the company has reported.

In the fourth quarter of 2023, house prices, as measured by the House Price Index, fell by 1.1% in the euro area and rose by 0.2% in the EU compared with the same quarter of the previous year. In the third quarter of 2023, house prices fell by 2.2% and 1.1% in the euro area and EU, respectively. The...

Justina Vaišvilaitė-Braziulienė

Data of Go Vilnius, tourism and business development agency of Vilnius city, shows that in 2023 Lithuania’s capital was visited by nearly 1.2 million guests. The majority of visitors were from Europe and the United States.

Karolis Broga

In February 2024, compared with January 2024, wholesale electricity price in Lithuania was by 36% lower and stood at EUR 74.78/MWh. Electricity price in Latvia dropped by 36% to EUR 74.78/MWh, while in Estonia it dropped by 40% to EUR 75.52/MWh.

In February 2024, against January, prices for consumer goods and services increased by 0.7%, the State Data Agency reports. This was mainly influenced by an increase in prices recorded for fuels and lubricants, electricity, catering services of restaurants, cafés and the like, package holidays, main...