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Friday 22.11.2019 | Name days: Aldis, Alfons, Aldris

Prices in Lithuania raised by traders not producers

The traders rather than producers raise prices in Lithuania, said the Lithuanian Minister of Economics Dainius Kreivys. His opinion was also supported by the Prime Minister of Lithuania Andrius Kubilius.

Lithuania Prime Minister: 2011 budget deficit will stick within 5.8%

The Prime Minister of Lithuania Andrius Kubilius says Lithuania will stick to its aim to reduce the next year's budget deficit, as it is preparing to introduce the euro.

Barroso: financial crisis will not repeat

The European Commission President José Manuel Barroso stated that the economy of Europe will grow, rejecting assumptions of repeating financial crisis.

Germany public debt hits record high

In the first half of the present year the public debt of Germany has reached a record high level hitting 1.721 trillion euro.

Eurozone collapse rumours declared invalid

The rumours of the single European currency disappearance had proven to be highly exaggerated and the increase in the euro rate indicates that the investors are now far more concerned about the inflation and the economic decline in the US.

Lithuania likely to miss 2014 «euro train»

Lithuania might not succeed with the introduction of the euro in 2014, because the country is likely to exceed the Maastricht inflation criterion, while Estonia could manage to entry into the euro zone, considers the SEB Banka advisor Gitanas Nauseda.

Gates still the wealthiest man in America

The crisis has not stopped the American billionaire Bill Gates from accumualting wealth. As about half of US richest men profit grows annually, Bill Gates is still at the top.

Kubilius: Gazprom threatens Lithuania

The Prime Minister of Lithuania Andrius Kubilius has expressed his concern about the major shareholders of Lietuvos Dujos threatening Lithuania with gas supply disruption.

Experts convinced of crisis end and economic stabilisation

The majority of investors and analysts are sure that the financial crisis is over and the global economy has stabilized.

Germany increases advertising spendings for informing society

The German Chancellor Angela Merkel’s implemented national budget reduction program foresees additional money for advertising spending.

Analysts: US exited the recession in June 2009

The recession in the US economy ended in the middle of June, 2009, concludes the analysts of National Bureau of Economic Research.

Baltics recovering from recession

The Baltic States have started to recover from the grave recession they had to undergo during the global economic crisis.

Lithuania to become the Silicon Valley of the Baltics

If Lithuania can bring in a range of foreign companies in less than two years, it has every opportunity to become the Silicon Valley of the Baltics, predict foreign analysts.

Flick’s company BAS to launch flights from Lithuania

The company Baltic Aviation Systems (BAS), which is owned by Bertolt Flick, the President of the national airline airBaltic, is determined to carry out flights from Lithuania next year.

Top global financial centre - London

The capital of Great Britain London ranks as the leader in the rating of world's top financial centres.

SAS concludes Estonian Air sale

SAS Group has reached an agreement with the Estonian government that it would give up 49% of Estonian Air shares.

LG Electronics CEO replaced

LG Electronics, the third largest mobile phone manufacturer, after huge losses, has decided to change its Chief Executive (CEO).

Economist: eurozone is in danger of collapse

The eurozone could last up to five more years, yet in the worst case, it will simply collapse, asserts the well-known US economist and professor of the New York University Nouriel Roubini.

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