213 статей
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 March 2024, compared with February 2024, the wholesale price of electricity decreased by 9% in Lithuania to EUR 68.29/MWh. In Latvia and Estonia, electricity prices decreased by 10% in a month to EUR 68.26/MWh.
On Wednesday, the Lithuanian Government approved the proposal to tighten employment regulations for foreigners and to revise quotas for third country nationals. Parliament is yet to vote on the bill in question.
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).
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...
Law enforcement conducted searches at the company Alvora, the main contractor that constructed Gas Interconnection Poland-Lithuania (GIPL) in Lithuania. The Financial Crime Investigation Service (FNTT) confirmed to the news website 15min.lt on Thursday that searches were also simultaneously carried ...
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...
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 on Thursday announced that it is blocking a range of imports from Lithuania after the latter closed two more checkpoints on the border with Belarus, reports AFP.
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.
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.
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.
German airline Lufthansa has cancelled Tuesday’s flights between Vilnius and Frankfurt, shows departure information of Vilnius Airport.
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...
The Constitutional Court ruled Thursday that the pension accumulation law restricted the ability to withdraw money from pension funds and thus violated the Constitution.
The Ministry of the Interior has presented amendments to the Law on the Legal Status of Aliens. Action is taken to introduce safeguards, ensure national security and eliminate abuse of migration and employment procedures.