In May, the turnover of retail trade enterprises in Lithuania grew by 1.1%, of food and beverage service enterprises – by 0.3%, the State Data Agency said on Tuesday.
June272023
June252023
The status of a project of national importance the Government has recently given to the development of fifth-generation mobile networks (5G) will enable sustainable development of the electronic communications infrastructure, the Ministry of Transport and Communications says,
June232023
Average food prices went down in June for a second month in a row, the Pricer.lt price comparison portal said on Thursday.
June222023
"PHH Group, which operates Pigu.lt and other top e-commerce brands in Latvia and Estonia, is counting the results of the first month after the launch of its Marketplace in Finland. In the first month of the e-marketplace's operation, more than 5,000 orders were fulfilled in the new market.
June222023
Lithuania’s floating storage regasification unit (FSRU) Independence is set to be inspected and repaired in the dry dock in 2024, before KN (AB Klaipėdos nafta) takes over the ownership of the vessel.
June222023
The INVL Renewable Energy Fund I has raised a further EUR 5 million from investors to reach a size of EUR 57.9 million, INVL, the leading Baltic investment management and life insurance group, said in a press release.
June202023
Hostinger, the world's fastest-growing web hosting and related services group, maintains consistent double-digit growth. In 2022, Hostinger's consolidated sales revenue increased by 64% year-over-year to €69.6 million. The revenue increase last year was driven by a growing number of users and a rising average amount spent per user.
June202023
On Monday, the reconstruction of the longest section between Marijampolė and the Lithuanian-Polish border (56.83–72.50 km) of Via Baltica’s A5 Kaunas–Marijampolė– Suwałki has been officially launched, the Ministry of Transport and Communications announces.
June192023
Three supermarket chains – Lidl, Maxima and Iki – have said they will be charging one euro cent for a lightweight transparent plastic bag as of 1 July, when a new regulation comes into effect.
June192023
Seeking to cut down on the application of single-use plastics, very thin transparent plastic bags will no longer be available free of charge at supermarkets starting 1 July.
June192023
More than half (56%) of Lithuanian sellers who offer their products on the Pigu.lt Marketplace are already successfully selling in the neighbouring Baltic markets. The number of Lithuanian sellers selling in foreign countries is growing steadily - in 2021 31% of Lithuanian sellers in Latvia and Estonia were selling through the PHH Group's Marketplace.
June192023
The solidarity levy on banks will not turn into a long-term tax as it targets a variable share of banks’ profits, the head of Lithuania’s central bank says.
June182023
A gender pay gap in the Lithuanian economy, excluding agriculture, forestry and fishing enterprises, stood at 11.1 percent last year and, against 2021, remained unchanged, the State Data Agency said on Friday.
June122023
The head of the Latvian airline airBaltic believes climate-neutral flying will be possible by 2050, but admitted that the eco-friendly commitment presents an enormous technical challenge, the German press agency dpa reports.
June102023
According to Statistics Estonia, in the first quarter of 2023, there were 11,461 job vacancies in the enterprises, institutions and organisations of Estonia. This is 12% less than in the same quarter of 2022. Over 6,000 persons left their job at the initiative of the employer.
June072023
The Port of Klaipėda in Lithuania is set to undergo a major transformation in the coming years: from a “gateway to the world” to an “energy port”. In the future, the Port of Klaipėda is expected to become an energy centre, not just a cargo, shipbuilding and repair base, the Port of Klaipėda said in a press release.
June062023
Last Friday was marked by significant changes within the ecosystem of Proptech Lithuania. Some of the strongest players in the real estate market, including Eika, Civinity, and Eastnine, joined the community, and a new board was elected, with Mr. Domas Dargis, CEO of EIKA, as Chairperson. The Centre for Sustainable Innovations ROCKIT and the Lithuanian Real Estate Development Association (LREDA) became strategic partners of the Association.
June052023
On 29 May-4 June, compared with the previous week, wholesale electricity price in Lithuania and Latvia decreased by 12% to EUR 67.97/MWh. In Estonia, the price dropped by 19% to EUR 54.46/MWh.
June052023
The Baltic and Finnish natural gas price index BGSI fell below the EUR 30/MWh threshold at the end of May, with the monthly BGSI reaching EUR 37.20/MWh. This is the first time that gas prices have been this low since the start of the energy crisis, reports natural gas exchange operator GET Baltic.
June042023
A total of 882.1 thousand people in Lithuania received at least one type of pension at the end of 2022, according to preliminary estimates from the State Data Agency.