EconomyLithuania's GDP growth highest among EU countries in decade2014-05-07, 11:38Ten years ago today, the European Union expanded the most in its history. A community with 15 states became one of 25 (it now has 28 members). The expansion was mainly eastward, absorbing eight countries formerly controlled by or part of the Soviet Union, and unleashing big waves of migration to the west. But the EU also acquired two small Mediterranean states: Cyprus and Malta. The Economist has examined how have all ten fared since then. Lithuania’s Grigiskes earns 13.1% more turnover in Q12014-05-06, 08:37During the three months of 2014, the Lithuania-based group of paper manufacturing enterprises consisting of Grigiskes, Baltwood UAB, Klaipedos Kartonas, Mena Pak PAT, and Klaipeda Recycling UAB achieved the consolidate sales turnover of 86.2 million litas, which was ten million litas (EUR 2.9 million), or 13.1% more than during the three months in 2013, the company said in a statement. Lithuania should sustain first quarter GDP growth rate2014-05-05, 09:52On April 30th, Statistics Lithuania released 1st quarter GDP estimate. On a year-on-year basis GDP increased 2.9%. This reading was generally in line with the expectations of DNB Bankas. In the publication "The Euro is coming to Lithuania" — replies to the most popular questions2014-05-04, 14:27The Bank of Lithuania has issued a publication by which it is aimed to make the public more knowledgeable about the adoption of the euro, euro banknotes and coins with the Vytist extending the history of national currency. It is expected that the publication will encourage the public to take an interest in the euro adoption and help prepare for this important event. EcoMin: good assessment by German companies in Lithuania will encourage investment2014-04-27, 11:05Almost a half of Lithuania-based German companies say they are planning to increase investment and the number of employees in 2014, while 9 from 10 German investors would chose Lithuania once again, a poll carried out by German-Baltic Chamber of Commerce in Estonia, Latvia and Lithuania has revealed. Lietuvos bankas: well-functioning single market needs an integrated financial regulation and management system2014-04-26, 12:27Financial sector regulation, oriented towards the changing market conditions, crisis prevention and management, an efficiently functioning banking union and structural transformation are essential preconditions for the strengthening of both Lithuania's and the whole European Union's economy and for fostering convergence, i.e. the economic convergence of the member states, claims Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania. Lithuania's FinMin: proposal to establish equal minimum wage in all EU is unrealistic2014-04-25, 13:30Lithuanian Minister of Finance Rimantas Sadzius was sceptical about the Order and Justice Party's proposal to sign an agreement on equal minimum income in the European Union countries. In Q1, Lithuanian budget received EUR 1.553 bln revenue2014-04-24, 12:11According to the data of the Ministry of Finance, in January-March 2014, the state and municipal budgets received LTL 5.363 billion (EUR 1.553 billion) in revenue. This is by 0.9% or LTL 48 million (EUR 13.9 million) more than expected and 10% more year-on-year. Vilniaus Baldai operates with bigger turnover in January-March2014-04-23, 10:06Vilniaus Baldai, one of the largest Lithuanian furniture manufacturing companies, during a period 2014 January – March operated with a turnover in amount of 52,914 thousand litas (15,325 thousand euros). 2015 Lithuanian euro coin samples have been minted2014-04-22, 10:44The Board of the Bank of Lithuania approved the 2015 issue Lithuanian euro coin samples, which will the basis for the Lithuanian circulation euro coins, the Bank of Lithuania said in a statement. |
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