Business

President Gitanas Nausėda rejects the proposal that value added tax (VAT) would be raised to fund Lithuania’s defence needs. He suggests taxing business instead.

Real estate developer Hanner says the Public Procurement Service’s (VPT) report on the updated national stadium project does not change its plans to finish the decades-long project.

The first Lithuanian restaurant selection of the Michelin Guide will be unveiled during a special event in June, the Ministry of the Economy and Innovation said on Thursday. It will be held on 13 June 2024 at the Merchants’ Club in Vilnius.

In January 2024, compared with December 2023, seasonally adjusted services production increased by 1.5% in the euro area and by 1.0% in the EU, according to first estimates from Eurostat, the statistical office of the European Union (EU).

Go Vilnius on Thursday presented a new advertising campaign for the city, which is expected to boost the number of tourist arrivals from the UK and Germany by 25 percent.

LTG Link, passenger transport company of Lithuanian Railways (LTG), has introduced Starlink satellite internet service on its trains that will ensure stable connection throughout the entire journey.

Karolina Urbonaitė, who has gained experience in the US Silicon Valley, took up her position as the new head of Startup Lithuania on Tuesday, the organization, which is part of Lithuania’s Innovation Agency, said in a press release. She replaced Gintarė Narakienė, who had been the acting head until ...

Бывший министр иностранных дел Литвы Вигаудас Ушацкас уходит из компании Avia Solutions Group (ASG). На своей странице в социальной сети фейсбук он указал, что работу начала его консалтинговaя компания, которая поможет компаниям, создающим решения по данным, расширяться на новых рынках.

Only eight percent of Lithuania’s employers would approve a shorter working week, a poll by the Employment agency finds.

Prime Minister Ingrida Šimonytė welcomes the recent initiative of Lithuanian businesses urging politicians to agree on raising defence spending to 4% of gross domestic product (GDP). However, she prefers to keep the ambition realistic and reach consensus on at least 3% of GDP at the start.

Gitanas Nausėda started meeting with some Belarusian fertiliser companies months before he was elected president, a parliamentary inquiry finds. The president later actively sought that Belarusian fertilisers would not be sanctioned, it said.

Ten Lithuanian companies each earned more than EUR 100 million pre-tax profit in 2022, reports business news website Verslo žinios (vz.lt).

EPSO-G Group, a group of energy transmission and exchange companies, has reported that its audited adjusted net profit for 2023 amounted to EUR 24 million and remained stable compared to EUR 24.7 million in 2022. The Group’s investment in projects to strengthen energy independence was a record of al...

Eight large business sectors saw a fall in staff numbers at the beginning of March this year, compared to March 2023. Meanwhile, the number of employees in enterprises and organisations was still 0.7% higher at the beginning of March this year, reports Scorify, Vilnius-based data analysis company.

Enefit Green erected the first 230-metre wind turbines in Kelmė I wind farm (80 MW) located in western Lithuania. A total of 14 wind turbines will be installed, which will start producing about 270 gigawatt-hours of renewable energy per year, Enefit Green said in a press release.

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.

Belarus announced on 14 March that it was suspending Lithuanian imports in response to Lithuania’s decision to close two more border checkpoints on 1 March.

In October 2023, the number of employees receiving minimum monthly wage (MMW) and lower gross earnings in the whole economy (individual enterprises included) amounted to 122 thousand and it was 10.2 percent of total number of employees (0.5 percentage point more compared to October 2022). The majori...

Food product manufacturer Vičiūnai, linked to Kaunas Mayor Visvaldas Matijošaitis, which had promised to withdraw from the Russian market, represented Russian food industry interests in meetings in Moscow, Lithuania’s public radio LRT reports.

On 12 March 2024, AB AUGA group and its subsidiaries, which develop sustainable agricultural technologies and solutions, commenced the supply of biomethane gas through the natural gas system operated by the gas transmission system operator AB Amber Grid.