Groups of companies in Lithuania pay 20% of the total corporate income tax collected in Lithuania, according to an analysis by the Organisation for Economic Co-operation and Development (OECD), reports Verslo žinios.
Organisation for Economic Co-operation and Development
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The Ignalina Nuclear Power Plant (the INPP) has been awarded the highest score in the Good Governance Index of A+. The INPP received the highest rating for the first time in 2022-2023, following an analysis of the Annual Report 2022, the Sustainability Report, an assessment of the work of the colleg...
The government is aiming to stabilise the demographic situation by 2021 and predicts that by 2030, we will once more become a country of three million. This is to be achieved through greater birth rates, larger return grants for returning citizens and longer life expectancy. However, migration exper...
The mists over the future of UK – EU relations currently still lingers. It appears that Theresa May’s cabinet is starting to completely lose control of the situation. According to political experts, the agreement she has obtained has practically no chance of receiving support in the UK’s House of Co...
While undergoing the process of modernisation, the strategic company Oro Navigacija, whose mission is to provide flight safety in the Lithuanian airspace, is presenting its new logo. The trademark that had been representing the enterprise for seventeen years was replaced by a modern one, which commu...
Lithuania has, so far, achieved modest results in combating bribery in international business transactions, but the country has taken significant steps to improve these efforts, Transparency International said in a report published on Wednesday.
The Organisation for Economic Cooperation and Development (OECD) has published a review of corporate governance in Lithuania, in which Lithuania’s capacities, reform efforts and willingness to adopt the OECD standards and principles have been positively assessed. In the review, the OECD also made re...
Lithuanian President Dalia Grybauskaitė has signed into law a bill that opens the way for authorities to vet large deals by three privately-owned companies -- Orlen Lietuva, Achema and Telia Lietuva -- and to block deals that are deemed a threat to national security.
Lithuanian President Dalia Grybauskaitė plans to table amendments to the Criminal Code to increase fines for all crimes and to tie fines for corruption crimes to the amount of damage done, of benefit received by perpetrators or of bribe paid.
Lithuania has made remarkable economic and social progress, but further policy reforms will be necessary to ensure a more productive and inclusive economy, according to the first-ever OECD Economic Assessment of Lithuania.
Will pressure from the United States, fear of losing the last dollar correspondent account, and an impending vote on admission into the OECD finally force Latvia to curb the laundering of dirty money for shady figures from the former Soviet Union via Latvia’s non-resident banks?
The Eurogroup, which has discussed the European Commission's (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle
A report by the OECD (Organisation for Economic Co-operation and Development) on alcohol consumption in 44 countries puts Lithuania as the most drinking country, followed by Austria, Estonia and the Czech Republic.
This year, Lithuania has been listed among three countries in the region that are most favourable to business in terms of the simplicity of procedures for issuing documents that permit construction.
The Lithuanian parliament ratified an agreement on Tuesday, granting privileges, immunities and exemptions to the Organisation for Economic Co-operation and Development (OECD) in the country.
On 17 September, Lithuanian Minister of Foreign Affairs Linas Linkevičius met with Marie Kiviniemi, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), who was visiting Vilnius.
Lithuanian Prime Minister Algirdas Butkevičius participated in the 6th Annual Forum of the EU Strategy for the Baltic Sea Region (EUSBSR) in Jurmala, Latvia. He met with his Latvian counterpart Laimdota Straujuma to discuss intergovernmental cooperation and bilateral and multilateral meetings that a...
Lithuanian President Dalia Grybauskaitė made her annual State of the Nation address at the Lithuanian parliament, Seimas, on Thursday. In her speech, the president mostly focused on national defence, security challenges stemming from Russia's aggressive policies, as well as emigration of working-age...
On Wednesday Lithuania's Prime Minister Algirdas Butkevičius is leaving for a formal visit to Paris, were he will participate in a high-level Ministerial Council Meeting of the Organisation for Economic Co-operation and Development (OECD).
