With skyrocketing electricity and gas prices, businesses in Lithuania are looking for ways to save money. Business associations suggest that big firms could have their employees work on weekends, when electricity is cheaper. Meanwhile, trade unions say now is the time to talk about a four-day working week. The Lithuanian Business Confederation is calling on…
In the first half of this year, 5% more counterfeit euro banknotes and three times more coins were found in Lithuania than in the same period last year, but this figure is below the 2020 level, the Bank of Lithuania said on August 2. In January-June, the Bank of Lithuania investigated and removed from circulation…
Environmental experts criticise Vilnius council’s plans to replace natural gas with mazut, low quality and very polluting fuel oil, to cut heating bills this winter. The capital’s authorities, however, say this is a temporary solution. Air pollution from burning fuel oil is up to ten times higher than from burning gas, says Aleksandras Chlebnikovas, a…
Teltonika Telemedic, a company that is a part of the Lithuanian high-tech group Teltonika, has completed another stage in the development of its artificial lung ventilator and plans to launch its serial production until 2024. The company says the latest version of its prototype has already been tested by doctors at Vilnius and Kaunas clinics,…
Lithuania has eased the requirements for employers to hire foreign nationals, effective from August 1. Asylum seekers and foreigners who have arrived in the country irregularly will now be able to become employed or self-employed 12 months after their registration with the Lithuanian Migration Department. They will be obliged to obtain a permission from the…
The Lithuanian Foreign Ministry said that it had received and was looking into a Russian diplomatic note on the alleged suspension of payments for Kaliningrad transit services. “We confirm that we have received the note from the Russian Federation,” the ministry said. “We are currently examining it.” Russia’s media reported that the note was handed…
People in Lithuania are spending 63.9% of their income on essentials, like food and housing, according to the latest Eurostat data. The expenditures have increased by 50% compared to 2016. “The year 2021 was an unusual year in terms of consumption, as Covid-19 led to a reduction in tourist trips and fewer events,” said Inga…