According to Unicorns Lithuania, in Q2 2023, startups active in Lithuania have paid €93.8 in taxes, which is 15% more than in Q1, and 25% more year-on-year. Salaries paid by startups have also been increasing during this period.
August232023
August202023
The euro area annual inflation rate was 5.3% in July 2023, down from 5.5% in June. A year earlier, the rate was 8.9%. European Union annual inflation was 6.1% in July 2023, down from 6.4% in June. A year earlier, the rate was 9.8%. These figures are published by Eurostat, the statistical office of the European Union.
August192023
In the first half of 2023, Mažeikiai-based petroleum product manufacturer and trader Orlen Lietuva was the largest tax payer in Lithuania as it paid EUR 262 million in taxes to the budget, reports business newspaper Verslo žinios.
August172023
The Lithuanian Hydrometeorological Service (LHT) announced that a new record daily high temperature was set on 17 August, a day after record high weather temperature was observed on 16 August.
August152023
A flash estimate put Estonia’s current account at EUR 20 million in deficit in June 2023, up from a EUR 92 million deficit in June 2022, with both exports and imports of goods falling by 10 percent but service exports up 3 percent and imports 2 percent on year, bumping the services account surplus by EUR 12 million to EUR 238 million, according to a statistical release published by the Bank of Estonia on Monday, reports ERR.
August152023
The Latvian national airline airBaltic has announced that its top destinations from Riga in July were London, Nice and Zurich. These destinations are popular among both leisure and business travellers due to the airline’s focus on providing passengers a wide variety of travel options and flexible timetables, airBaltic said in a press release.
August142023
According to the Insurers’ Association of Lithuania (LDA), more than 6,200 clients have applied to insurance companies for compensation of damage caused by last week’s thunderstorm.
August112023
The State Forestry Enterprise (Valstybinė miškų urėdija, VMU) has reported that 30,000 cubic metres of windthrow and windsnap, i.e. trees that have been uprooted or broken by wind, has accumulated after thunderstorms hit Lithuania on 6-7 August.
August102023
For the first time, the Bank of Lithuania published a comparison of interest rates on deposits with agreed maturity (term deposits) and loans of Lithuanian and euro area credit institutions (banks, credit unions). It takes into account the key ECB interest rate developments and their impact on interest rates on loans, the Bank of Lithuania reported.
August092023
In 2025, Swedbank in Estonia will move its headquarters from the current premises on Tallinn’s Liivalaia tänav to a 28-story building in the Arter quarter, the ERR public broadcaster reports.
August082023
On 31 July-6 August, compared with the previous week, the wholesale price of electricity in Lithuania dropped by 29% to EUR 69.8/MWh. In Latvia and Estonia electricity prices fell by 35% to EUR 63.21/MWh.
August082023
Electricity distribution company Energijos skirstymo operatorius (ESO) has restored power to 10,000 households in Lithuania after Monday’s thunderstorms, but some 4,000 customers are still without power.
August062023
The volume of coins in circulation in Estonia grew by 55 percent between the first and second quarter (Q2 2023) of this year, the ERR public broadcaster reports, citing a statement from the Bank of Estonia (Eesti Pank).
August042023
Lithuania is holding talks with the prestigious Michelin guide over rating some of its local restaurants, the public broadcaster’s news website lrt.lt reports.
August012023
The Estonian flag made its first ever voyage into space recently, after being blasted off into orbit aboard a SpaceX rocket, the public broadcaster ERR reports.
August012023
In June 2023, the euro area seasonally-adjusted unemployment rate was 6.4%, stable compared with May 2023 and down from 6.7% in June 2022, reports Eurostat, the statistical office of the European Union (EU).
July302023
Over the year, the number of Lithuanian residents who associate the Lithuanian energy sector with renewable energy sources has grown. Such association is more prevalent among students. This was shown in a survey conducted in April by KOG Institute for Marketing and Communication Sciences at the initiative of Ignitis Group, a renewables-focused integrated utility. The survey also nodded towards an annual decrease in respondents who associate Lithuanian energy sector with natural gas, Ignitis Group reports.
July292023
The retail turnover of Apranga Group reached EUR 147.6 million in the first half of 2023 or by 15.6% more than in 2022, the company has announced.
July292023
The Bank of Lithuania has published the monetary financial institution (MFI) balance sheet and interest rate data for June 2023, which show that deposits of Lithuanian residents with credit institutions decreased by €300.6 million, or 0.8% over the month (its annual growth rate was 10.7%): non-financial corporation deposits fell by €348.3 million, or 3.2%, while household deposits went up by €207.0 million, or 1.0% (their annual growth rates stood at 17.9% and 6.9% respectively).
July282023
By continuing to invest in renewable energy and promoting its use in operations, energy trader and convenience store network AS VIRŠI-A is significantly expanding its cooperation with Latvian producers by providing renewable electricity at all Virši service stations, the company said in a press release.