Lithuanian Airports are launching market consultations on an international public tender to be announced at the end of April to find a contractor for the expansion of the Kaunas Airport passenger terminal.
April092023
April082023
In February 2023, Lithuania’s exports of goods amounted to EUR 3.20 billion, while imports totalled EUR 3.55 billion. The foreign trade deficit amounted to EUR 355.5 million, the State Data Agency reports.
April072023
UAB Maxima grupė, which operates retail chains Maxima in the Baltic States, Stokrotka in Poland, T-Market in Bulgaria, as well as the e-commerce store Barbora operating in the Baltic States and Poland, announces the consolidated financial results for 2022.
April062023
On Wednesday, 5 April, the Government approved the temporary solidary contribution for banks. The proposal made by the Ministry of Finance and the Bank of Lithuania was approved by all ministers but Aušrinė Armonaitė, minister of the economy and innovation. The bill is expected to be presented in parliament at the end of April.
April062023
Independent electricity supplier Birštono elektra has informed its clients that it would cease operations as of 1 May 2023.
April052023
Devoteam, one of the world’s largest cloud technology companies, has opened a new office in Kaunas, continuing its expansion in Lithuania.
April052023
This March, prices in Estonian supermarkets had risen sharply on year, however, comparing them with February prices, the increases have been modest, and some product prices have even slowly but steadily begun to come down, the country’s public broadcaster ERR reports.
April052023
Lithuanian Airports have announced that an official agreement was signed on extension of flights between Vilnius and London City airports that are important for the business environment.
April052023
On 4 April, the Kaunas Regional Court did not approve the restructuring plan of AB Snaigė. Although it was approved by a majority of both the company’s shareholders and the majority of the company’s non-mortgage creditors, the mortgage creditor UAB Easy Debt Service voted against this plan, the company said in a press release.
April042023
TeleSoftas, an IT solutions company, has recently become a shareholder in its partner, kurts toolbox. The Lithuanian company helped develop a mobile, contactless construction tool rental system for the well-known German brand, and is committed to building strong business relationships between the two countries. As TeleSoftas announced in a press release, to celebrate this partnership, the companies embarked on an expedition to Kilimanjaro, where both their flags were proudly flown at the summit.
April042023
Minister of the Economy and Innovation Aušrinė Armonaitė and a group of MPs propose lifting the ban on those commercial activities in Free Economic Zones (FEZ) that are related to national security and defence, as well as to manufacture, storage and sale of weapons, ammunition and explosives.
April042023
Apranga Group’s turnover (including VAT) stood at 23.0 million in March 2023, an increase of 21.8% year-on-year, the clothing retailer said in a press release.
April042023
Avia Solutions Group, the largest global ACMI (aircraft, crew, maintenance, and insurance) provider, reports that their financial results for 2022 have doubled: revenue increased to EUR 1.9 billion, EBITDA at EUR 288 million, and adjusted profit totalling EUR 85 million.
April032023
Economist Aleksandras Izgorodinas says that the spring of 2023 is not the right time for tax reform in Lithuania as an economic recession looms in Europe.
April032023
As an EU member state, Estonia has vowed that by 2025, 55 percent of the country’s waste must be recycled. No progress has been made over the past decade or so, however, and currently less than a third of waste is being recycled.
April032023
The Bank of Lithuania has published its first report on climate-related disclosures of the Bank’s non-monetary policy portfolios. Over the last two years, there has been a clear improvement in climate-related indicators of investment in public sector bonds, which account for the largest share of foreign reserve assets.
April032023
In March 2023, compared to February, the economic sentiment indicator, i.e. confidence of economic actors – producers, consumers and investors – in Lithuania’s economy, increased from -6.5 to -5.9 percent.
April022023
In March 2023, the consumer confidence indicator stood at minus 1 and, against February, increased by 2 percentage points. After a record low consumer confidence indicator recorded in September 2022, the consumer confidence has been growing for the sixth month in a row, the State Data Agency reports.
April022023
Robertas Dargis, member of the presidium and former president of the Lithuanian Confederation of Industrialists (LPK), argues that Lithuania needs a new institution responsible for both demographic and migration policy-making to address demographic challenges.
April022023
The Ministry of Economy and Innovation and INVEGA are launching a new venture capital financial instrument “Development Funds III”, announcing the selection of venture capital fund managers, the ministry said in a press release.