Despite the Covid-19 pandemic, film industry in Lithuania reported record-setting investments in 2020, the Lithuanian Film Centre said. Swedish TV series were among the biggest productions. International film producers spent almost 27 million euros in Lithuania last year, up from 15 million euros in 2019. Meanwhile Lithuanian producers raised 11.3 million euros from local companies…
LTG Cargo, a part of Lithuania’s state-owned railway company Lietuvos Gelezinkeliai (LTG), has established a subsidiary in Ukraine, according to the company’s press release. LTG Cargo Ukraine will first offer rolling stock rental, forwarding and other freight transportation services as part of its expansion strategy. “Our new line of business is a planned strategic step…
The Latvian airline AirBaltic is resuming flights between Vilnius and Kyiv. The direct service between the Lithuanian and Ukrainian capitals will operate twice a week. It is also planning to resume flights from Vilnius to London, Paris and Oslo this month. Lietuvos Oro Uostai (Lithuanian Airports), the operator of Lithuania’s three international airports, said last…
A new train connection between Vilnius and Warsaw will start operating next year, the Lithuanian rail operator has announced. The countries’ state rail companies, Lietuvos Gelezinkeliai (LTG) and Polskie Koleje Panstwowe (PKP), agreed to roll out a passenger service in the second quarter of 2021 and also begin joint freight operations. The journey between Vilnius…
Lithuania could lose a significant share of foreign tourists and cargo going through the port of Klaipeda if unrest continues in Belarus, which is the country’s seventh largest export partner. “Any disturbance in Belarus can affect the economy. Belarus is an important partner of Lithuanian Railways and Klaipeda port,” Prime Minister Saulius Skvernelis said. But…
Lithuania’s GDP contracted by 3.7% YoY in the second quarter of 2020, a smaller dip than previously expected. The quarterly GDP stood at 11.5 billion euros at current prices, having shrunk by 5.1% QoQ, Statistics Lithuania said on July 30. “The second-quarter contraction was mostly due to services. Manufacturing had the second-biggest impact and construction…
Finance Minister Vilius Sapoka says the government should not raise its 2021 spending for boosting consumption, as the country is close to breaking eurozone rules on government debt. “The Finance Ministry will propose a safe government budget,” Sapoka told the parliamentary Budget and Finance Committee, which was working on next year’s government spending bill, on…