Economy

The risk-sharing partnership model, which was introduced by Lithuanian Airports and successfully connected Vilnius Airport with London City airport last year, is continuing. Lithuanian airports and the airline airBaltic have signed a joint investment agreement, under which regular flights will opera...

On Friday, 1 March, Polish farmers started a protest campaign at the Polish-Lithuanian border on the main motorway between the two countries. Polish farmers are protesting and voicing their discontent about the European Green Deal and import of cheap Ukrainian grain to Poland. Lithuania’s Police Com...

A group of MPs from various political groups proposes suspending imports to Lithuania of agricultural products and feed whose country of origin is Russia or Belarus.

Amber Grid, the operator of the Lithuanian natural gas transmission system, has applied to the bank for a guarantee from the GIPL pipeline contractor. Amber Grid is requiring the contractor to rectify identified deficiencies in the certification of some components. Failure to do so will result in th...

In January, total industrial production increased by 7.1 percent, reports Lithuania’s State Data Agency.

In May 2024, Curio Collection by Hilton hotel will open its doors at the former historical telegraph building near Vilnius Cathedral Square. Previously, Grand Hotel Kempinski Vilnius operated in the building.

Low-cost airline Ryanair has announced that it will base one more aircraft in Kaunas Airport this summer and will open three new routes.

According to estimates, one Lithuanian citizen generates about 41 kilograms of food waste a year. The member states of the European Union (EU), including Lithuania, have to separate kitchen and food waste from the general municipal waste. Even though the majority of Lithuanians were ordered to do so...

In January 2024, according to the harmonised index of consumer prices (HICP), which is methodologically harmonised with those of other EU member states, average annual inflation in Lithuania stood at 7.3 percent, average annual inflation calculated based on the consumer price index (CPI) – at 7.6 pe...

Energy company Elektrum Lietuva announces it will develop a 65 megawatt (MW) solar park in Šalčininkai, a southeastern town. The park is set to start generating electricity in 2025, with the investment totalling EUR 38 million.

Lithuanian farmers held protests in January over the situation in the agricultural sector. At first, they burned bonfires on their land and later travelled in their tractors to protest in the capital Vilnius. The Government promised to solve a number of issues in agriculture, but now farmers may sta...

Aviation security screening at Kaunas airport has become faster and more convenient for passengers, as three modern three-dimensional computer tomography-based aviation security scanners have been enabled at full capacity. During the check-in procedure, passengers no longer need to remove any electr...

The Ministry of the Economy and Innovation is launching a EUR 6 million call to attract foreign investors to carry out research and experimental development (R&D) activities in Central and Western Lithuania.

Law enforcement has detained and questioned Šarūnas Stepukonis, former partner of BaltCap Infrastructure Fund suspected of misappropriation of millions of euros, reports news website 15min.lt.

Electric car charging service Ignitis ON suffered a cyberattack on Sunday, 11 February, and data of at least 20,000 clients has been leaked.

The Bank of Lithuania notes that Estonian authorities were responsible for overseeing BaltCap Infrastructure Fund, whose former partner is suspected of embezzling and gambling away millions of euros of the fund’s money. Managing Partner of BaltCap equity fund Simonas Gustainis describes the situatio...

In January 2023, AUGA Tech obtained a patent in the USA for the structure of the AUGA M1 biomethane and electric-powered tractor for large farms. The company, which the AUGA group indirectly controls, has applied for patents in other strategic markets as well. AUGA Tech considers the patent to be an...

Minister of the Economy and Innovation Aušrinė Armonaitė says she would like to see SpaceX expanding in Lithuania after she has recently met with Brett Johnsen, one of the executives of the US giant.

According to the data of 1 January 2024, there were 142,954 economic entities operating in Lithuania, which accounted for 60.4 percent of all economic entities registered in the Register of Legal Entities, said the State Data Agency.

Minister of the Economy and Innovation Aušrinė Armonaitė is paying a working visit to California from 29 January to 2 February, where she will open the Lithuanian national stand at the Photonics West 2024 laser exhibition. A total of 22 companies from the country’s laser sector are participating in ...