World Bank

The Government on Wednesday approved the updated package of tax reform proposals which is now set to go the Seimas.

Lithuania has risen three notches from last year to reach its highest-ever 11th position in the World Bank's latest ranking of 190 economies on the ease of doing business.

Privacy company Surfshark introduced the Digital Quality of Life (DQL) study that highlights gaps between people's online experiences in various societies. The final DQL index compares countries by various digital factors such as the internet speed, country’s cybersecurity, the availability of e-gov...

On 4th of April, 2019 high-ranking politicians, professors, rectors and the best education experts from all around the globe will look into the most relevant topics that Universities are facing today at the international forum ‘World After University’.

Lithuania rose two notches to its highest-ever 14th position in the World Bank's latest ranking of 190 economies on the ease of doing business, up from number 16 last year.

Kol visuomenė karštai diskutuoja, kuri profesija yra labiau prestižinė – mokytojo ar teisininko, – nepelnytai be dėmesio liko dar viena labai prestižinė ir didžiulę įtaką valstybėje vykstančiuose procesuose daranti profesija. Kadangi kalbininkai šiai profesijai tikslaus pavadinimo nesugalvojo, laiki...

Lithuania has climbed five places to the 16th spot among 190 rated countries on the World Bank's Doing Business rating that assesses business environments.

It‘s a country where the average annual salary has dropped by almost a tenth and is now on not much more than 400 euro (compared with Lithuania where it just passed the 600 Euro mark). It‘s a country where the average pension is around 179 Euro – practically one third lower than in Lithuania). It‘s ...

Lithuania ranks 21st among 190 countries in the World Bank's latest ease of Doing Business report, a notch lower than last year.

A bank account with €2,500 in it, a couple of weeks (or even days), some straightforward paperwork and there it is – a brand new company.

With a small domestic market, Lithuanian entrepreneurs are more and more often looking to foreign markets for opportunities to develop and expand their businesses. While many have been looking to the US or Western Europe, others have also begun glancing eastwards at markets like India and China.

President Dalia Grybauskaitė is leaving for a three-day working visit to Switzerland. The Lithuanian president will attend the World Economic Forum in Davos and visit the European Organisation for Nuclear Research (CERN).

Lithuania's Economy Minister Evaldas Gustas has promised to initiate new reforms next year to improve the country's business environment and help Lithuania move up on the Doing Business rating.

In the Doing Business 2016 report by the World Bank, Lithuania moved one positions up compared to the previous year and came 20th among 189 economies in the world, while among member-states of the European Union it was 8th this year.

The tech sector thrives in this Baltic state, and education in the STEM field is at the core of its growth.

The memory of former American President Ronald Reagan loomed large over the ceremony celebrating Lithuania’s opening of a Consulate General that was feted on Monday, 1 June 2015. Hosted by John Heubush, the director of the Ronald Reagan Library, the celebration took place in the presence of the Lith...

Against a backdrop of weak economic growth across Europe, Lithuania stands in good stead in terms of its economy. Boasting low debt and budget deficit levels, and with strong growth forecasts, the Lithuanian economy is stable and robust, mainly thanks to extensive reforms undertaken in recent years.

Lesto, Lithuania's national power distribution company, has streamlined its power connection process for business and private customers. Connection time for new customers will be reduced by 2 days on average thanks to the changes, Invest Lithuania reports.