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Ceturtdiena 17.10.2019 | Name days: Karīna, Gaits
LithuaniaLithuania

Lithuania to hold large fintech conference supported by ministries, central bank

Lithuanian government and central bank are holding in November the Fintech Inn Conference in its fourth annual edition focusing on open banking and fight against money laundering.

Lithuanian farmers ditch milk farming due to low milk price

In Lithuania, milk purchase prices are so low that small and medium-sized farms have found it unfeasible to operate and 12% of all milk farms have seized to exist over the past year, LRT reports.

U.S. urges Lithuania not to honour people linked to Holocaust

An American Special Envoy for Holocaust Issues has called on Lithuania «to objectively review the actions of historical figures to determine the impact of their actions, both positive and negative».

Lithuanian shops using increase in wages to raise prices, analyst asserts

In Lithuania, inflation has been two times faster in 2019 compared to other markets in the euro area. Economist Žygimantas Mauricas believes retailers have used a surge in wages to increase prices, especially in grocery stores.

Lithuania warns about end in rapid wage growth

«The summer will not last forever,» said Lithuanian Finance Minister Vilius Šapoka about a summary of official economic forecasts, which warn that after a fairly rapid growth, national economy and wages would grow at a somewhat slower pace.

Vilnius Square in Tbilisi – renovated and unveiled

The Vilnius Square devoted to Georgian-Lithuanian solidarity in Tbilisi has been renovated and also presented to the public this week.

Estonia, Lithuania offered energy and environment portfolios in next EC

In the next European Commission, the areas of responsibility offered to the commissioner picks of Lithuania and Estonia are environment and energy, respectively, the EC stated on Tuesday, September 10.