Business

Lithuania will make even more data available and easier to share for businesses and citizens. The Government has approved a draft law submitted by the Ministry of the Economy and Innovation to implement the European Data Governance Act, the ministry has announced.

Lithuanian companies have exported dual-use goods worth at least EUR 130 million to Russia from March 2022 to August 2023 by circumventing sanctions, the public broadcaster’s LRT Investigation Team reported on Tuesday.

Norwegian airline opened a base in Riga Airport on Monday, the Investment and Development Agency of Latvia (LIAA) reports.

If only businesses are obligated to finance additional defence needs, they may consider pulling out from the domestic market, the Lithuanian Business Confederation (LVK) has warned. Such a decision would not help draw new firms to the market either, it says.

The average purchase price of raw milk in Lithuania stood at EUR 0.42 per kilogramme in March 2024, an increase of 10.8% year-on-year. Compared with February 2024, raw milk purchase price rose by 0.3%.

The Government on Wednesday gave the green light to the Energy Ministry’s roadmap for hydrogen development in Lithuania in 2024-2050. The ministry was obligated to implement the roadmap in cooperation with state institutions and social partners.

Finance Minister Gintarė Skaistė presented the advantages of the Lithuanian Fintech sector and the further direction of growth to the investors of the United States of America in Washington and invited them to invest in one of the fastest growing sectors, the ministry said in a press release on Mond...

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.

Japanese company Saisei LT is making steps to build a plant that would manufacture food supplements in Alytus after opening a medical clinic in Vilnius, the Verslo Žinios business news website reported Monday.

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.