Lithuania plans to establish an anti-money laundering competence center as the Nordic and Baltic region has been hit by several money laundering scandals in recent years.
August092020
August092020
Direct EU payments to Lithuanian farmers in 2021-2027 should be capped at 100,000 euros, Agriculture Minister Andrius Palionis says, adding that they will be 50,000 lower compared to the existing financial perspective.
August082020
Microsoft, IBM, HP, Disney, FedEx, 3M. What do these companies have in common? They started their business during a recession.
August082020
Lithuania's Prosecutor General's Office has asked Slovenia to hand over Vidmantas Kucinskas, the founder of the Arvi business group, who has been recently detained in the country.
August012020
Lithuania's economy is coping very well with challenges induced by the coronavirus crisis, and the latest figures are a cause for cautious optimism in the second half of this year, Finance Minister Vilius Sapoka says.
August012020
Mantas Zalatorius, suspected of corruption, is stepping down as head of the Association of Lithuanian Banks. He was temporarily suspended in June after suspicions were brought against him.
July302020
Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a year ago to 11.5 billion euros at current prices, the country’s statistics office said on Thursday.
July292020
Vidmantas Kucinskas, the founder of the Arvi business group who has been recently detained in Slovenia in response to Russia's request, is also under investigation by Kaunas Regional Prosecutor's Office, Elena Martinoniene, spokeswoman for Lithuania's Prosecutor General's Office told BNS.
July272020
Game Insight, a Lithuanian developer and publisher of free-to-play mobile games and social-network games, has been hit by Chinese hackers, two separate sources told BNS after the US Justice Department reported about the Chinese hackers' actions.
July232020
Lithuania's Energy Ministry has filed with a Lithuanian court a new lawsuit worth over 240 million euros against French energy group Veolia and Icor, a Lithuanian business group owned by natural persons, and persons related to these companies for the compensation of damage done to Lithuania, Vilnius Regional Court confirmed it to BNS on Thursday.
July222020
As the number of people living below the poverty line dropped in Lithuania last year, economist Rimantas Rudzkis says it reflects shrinking social inequality in the country and is a result of the state's social policy.
July202020
Automatic self-boarding gates will be installed at Vilnius Airports early next year, and the airport hopes the novelty will help to step up passenger flows once they return to post-crisis levels.
July192020
Eurofound’s analysis of the labour market in Europe shows that just over four out of ten (41%) of employees in the EU work in direct contact with clients, customers, users, patients or other service recipients. This ‘interactive service work’ is female dominated, with women accounting for 61% of workers – an overall imbalance that is very pronounced among frontline health workers, where 85% are women.
July172020
Kormotech, a family-owned pet food manufacturer from Ukraine, has completed its new factory in Lithuania. The wet pet food plant in Kėdainiai Free Economic Zone (FEZ) will help the company to increase production capacity and reach customers in other countries more efficiently. The investment exceeds €15 million.
July152020
Around 200 employees of Hegelmann Transporte are being tested for COVID-19 after 18 coronavirus cases have been recently registered in the Kaunas transport company, an official of the National Public Health Center (NPHC) said on Wednesday morning.
July152020
A newly-formed coalition of European key players in road freight urges the EU to accelerate the transition to clean trucks in order to meet the emission targets of the proposed EU Climate Law by 2030 and achieve a carbon-neutral Europe by 2050.
July122020
The number of workplace deaths in Lithuania shrank by 33 percent, or 7 cases, in the first half of 2020 from a year before, to 14 cases, figures from the State Labor Inspectorate showed on Friday.
July122020
Group of biomedical engineers from biotech company Gruppo Fos Lithuania together with researchers at Kaunas University of Technology and Lithuanian University of Health Sciences have patented technology for advanced health monitoring of stroke survivors.
July122020
Increased financing for the European Union’s (EU) cohesion policy is one of the biggest expectations of the Baltic countries as regards the new Union’s multiannual financial framework, Lithuania’s President Gitanas Nauseda has said, also calling to ensure a fair and unbiased distribution of the proposed EU recovery fund.
July112020
The three international airports of Lithuania summarised the results of the second quarter and rejoiced that the passenger aviation is returning to the usual pace. After the stressful period which was created by the pandemics caused by COVID-19, every day the airports provide services to more and more persons who want to travel, while the airlines renew more and more flights. Even though the peak in the number of flights and passengers during this period was recorded in June, it is expected that this July will demonstrate even better results, the Lithuanian Airports writes in a press release.