A proposal to increase the minimum wage by 20 euros, to 420 euros next year has reached Lithuania’s Tripartite Council, which is set to make the decision later. The proposal was submitted by Gediminas Simkus, head of the Bank of Lithuania’s Economics and Financial Stability Service. Arturas Cerniauskas, chairman of the Council, representing employees, said…
Independent power supplier Elektrum Lietuva, a part of Latvian energy group Latvenergo, is launching a new business and will help residents and businesses to install solar panels this month already. Elektrum Lietuva CEO Martynas Gina says the company is the first on the market to provide such services. Elektrum Lietuva has been operating in Lithuania…
President Dalia Grybauskaite has signed a law on the ratification of the trade agreement between the European Union and Canada. Currently around 150 Lithuanian companies export to Canada, with as many as 80% of them being small or medium, according to a statement issued by the presidential office. The EU-Canada trade agreement will eliminate 99%…
The trade turnover between Ukraine and the Republic of Lithuania exceeded $1 billion in 2017, Prime Minister Volodymyr Groysman wrote on Twitter. “We are greeting the Prime Minister of Lithuania in the House of Government. Saulius Skvernelis is on a visit to Ukraine. We are talking about political and economic cooperation. Our mutual trade exceeds…
Freight volume handled at the Port of Klaipeda in January-March grew by 4.7% YoY, to 10.79 million tons, the Port Authority statistics said. Transshipment of liquid bulk cargo grew by 2.2%, to 852,000 tons, dry bulk cargo fell by 4.1%, to 1.48 million tons, while general cargo grew by 12.1%, to 1.2 million tons. In…
Rail freight traffic between Belarus and Lithuania went up by 15% in 2017, the press service of Belarusian Railways reported. Head of Belarusian Railways Vladimir Morozov and director general of Lithuanian Railways Mantas Bartuska held talks in Minsk. “The sides discussed Belarus-Lithuania rail freight traffic in 2017 and ways to boost it in 2018. Last…
Freight volume handled at the Port of Klaipeda in January-February grew by 6% YoY, to 7.25 million tons, the Port Authority statistics said. Transshipment of liquid bulk cargo grew by 7.6%, to 1.98 million tons, and general cargo – by 19.7%, to 2.28 million tons, while dry bulk cargo fell by 3.4%, to 2.99 million…