The European Investment Fund (EIF) and Noviti Finance signed a EUR 10 million cooperation agreement Thursday to give micro-businesses in the Baltic States (Latvia, Lithuania, Estonia) better access to finance.
EUBusiness
February212020
November092018
The primary objective of the Baltic Energy Market Interconnection Plan (BEMIP) initiative is to achieve an open and integrated regional electricity and gas market between EU countries in the Baltic Sea region, ending energy isolation. The initiative's members are the European Commission and Denmark, Germany, Estonia, Latvia, Lithuania, Poland, Finland, and Sweden. Norway participates as an observer.
November092018
The heads of state or government of Lithuania, Latvia, Estonia and Poland signed a roadmap Thursday for synchronising the Baltic States' electricity grid with the continental European network by 2025.
November092018
On 28 June, European Commission President Jean-Claude Juncker signed, jointly with leaders of Lithuania, Latvia, Estonia and Poland a political Roadmap for synchronising the Baltic States' electricity grid with continental Europe.
November092018
Lithuania joined the European Union in 2004 and is currently preparing to adopt the euro.
November092018
It is only a few weeks to go until Lithuanians start using euros to pay for everyday transactions in their country. On 1 January 2015, Lithuania will become the 19th member of the euro area, which will then encompass all three Baltic States. On 21 November, the Commission adopted its fifteenth report on the practical preparations for the changeover, assessing the progress made up until the end of September 2014.
November092018
The European Commission on 18 November confirmed its intention to adopt a EUR 28m support package for milk producers in Estonia, Latvia and Lithuania. This new package is the latest in a series adopted by the Commission in response to the Russian ban on the importation of certain EU agricultural products.
November092018
On 11 March 1990, Lithuania became the first of the Soviet republics to declare its independence, but Moscow did not recognize this proclamation until September of 1991 (following the abortive coup in Moscow). The last Russian troops withdrew in 1993. Lithuania subsequently restructured its economy for integration into Western European institutions; it joined both NATO and the EU in the spring of 2004. In January 2014, Lithuania assumed a non-permanent seat on the UN Security Council for the 2014-15 term; in January 2015, Lithuania joined the euro zone. The most important sectors of Lithuania's economy in 2015 were wholesale and retail trade, transport, accommodation and food services (32.5 %), industry (22.6 %) and public administration, defence, education, human health and social work activities (14.3 %). Lithuania's main export partners are Russia, Latvia and Poland while its main import partners are Russia, Germany and Poland.
November092018
The Labour Code in Luxembourg covers employee rights regarding health and safety in the workplace, discrimination, recruitment, dismissal, and employment contracts.
November092018
Legislation in Lithuania has set out environmental rules that businesses have to follow in order to be able to operate.
November092018
This guide outlines the major social rules on staff welfare in Lithuania.
November092018
Several legal acts in Lithuania regulate sustainable development. However, businesses can voluntariliy choose whether to undertake corporate social initiatives.
November092018
In the framework of the EU accession negotiations, Bulgaria, Lithuania and Slovakia committed to the early closure and decommissioning of eight nuclear reactors, thus facing a significant production capacity loss. The Court assessed the effectiveness of the EU financial assistance (2 850 million euro up to now) in supporting recipient countries’ efforts to decommission their closed nuclear reactors and to address the consequences of the early closure. The Court found that progress has been slow, no comprehensive assessment of future needs exists, and available funding is plainly insufficient. The Court recommended making conditional any further support upon an evaluation of the EU added value.
November092018
The PricewaterhouseCoopers guide "Tax Facts & Figures 2010 Lithuania" provides information about doing business in Lithuania, social security, taxes, accounting, etc.
November092018
An illegal cigarette factory in Vilnius, capable of producing at least 1000 cigarettes a minute, has been raided and closed down in an operation mounted by Lithuanian Customs supported by OLAF.
November092018
On 16 March 2010 the Lithuanian Authority, Ryšių reguliavimo tarnyba (RRT), informed the European Commission that it was withdrawing its proposed measure on network infrastructure access markets. The Commission had earlier this month raised serious doubts about the compatibility of the proposed regulation with the principles of EU competition law.
March092017
An overview of the process of starting a new business in Lithuania.
March042017
The Law on Small and Medium Size Business Development of the Republic of Lithuania that came into force on 1 January 2008 defines the types of small and medium size businesses, the forms of state aid available to them and other important relevant provisions.
January142017
Contacts of the European Commission representation in Lithuania.
December152016
On 16 March 2010 the Lithuanian Authority, Ryšių reguliavimo tarnyba (RRT), informed the European Commission that it was withdrawing its proposed measure on network infrastructure access markets. The Commission had earlier this month raised serious doubts about the compatibility of the proposed regulation with the principles of EU competition law.