Business

Prime Minister Gintautas Paluckas vows to take decisions to reduce bureaucratic burden on businesses in the nearest future. Respective recommendations from the European Commission are expected in February, he said.

Incoming Social Democratic Prime Minister Gintautas Paluckas promises to consult with business representatives and other social partners on the reduction of bureaucratic hurdles, business news website Verslo žinios (vz.lt) reports.

From 1 January 2026, all legal and natural persons selling goods and services in Lithuania will need to ensure that their clients are directly served in the official language at the level set out by the Government.

Lithuanian science and business representatives on Monday signed a letter of intent on cooperation with Massachusetts Institute of Technology (MIT).

Lithuania was the world’s second-largest exporter of wooden homes in 2023, Verslo žinios business news website reports.

This year, 129 Russian-owned companies operating in Lithuania saw their turnover falling by nearly 40 percent as compared to the period before the war started in Ukraine in 2022, Verslo žinios business news website reports.

The financial data intelligence platform Bud Financial (Bud) is expanding its team in Lithuania. Established in Vilnius last year, Bud’s office is set to become one of the company’s hubs for technical and risk roles, powering its growth in the region and across Europe, Invest Lithuania reports.

INTUS Windows, an American producer of PVC windows and doors, has announced plans to construct a new production facility near its current plant in Šiauliai, Lithuania. The construction of the new 13,000 m² plant is slated to begin later this year, with an estimated operational start in mid-2025. The...

Vinted, operator of an online second-hand clothing trading and exchange platform, claims that the state data privacy agency had no legal grounds to impose an administrative fine of nearly EUR 2.4 million on the company.

Lithuanian capital company group 15min on Monday announced that it is acquiring M-1 radio station group.

Minister of the Economy and Innovation Aušrinė Armonaitė is set to meet with Stefano Pontecorvo, President of the Italian company Leonardo, on Monday afternoon. She will present the simplified regulatory framework for companies to develop defence and security industry activities in Lithuania, the mi...

Minister of the Economy and Innovation Aušrinė Armonaitė has met with Sojitz CEO Tatsuhiko Niitaka to discuss the company’s expansion opportunities in Lithuania, the ministry reports.

Most people can no longer imagine everyday life without communicating by email, searching for information, or ordering goods online. Safiyya Baba-zada, a Kaunas University of Technology (KTU) student, says that digitalisation is changing people’s lives by making them simpler, and companies’ operatio...

Vilnius-registered firm Tersis participated in an annual international logistics fair in Moscow at the end of March, Delfi news website reports.

Ryanair celebrates the opening of its second hangar at the Kaunas Airport, strengthening its commitment to the aviation industry in the region, reports the Ministry of Transport and Communications.

Lithuania will make even more data available and easier to share for businesses and citizens. The Government has approved a draft law submitted by the Ministry of the Economy and Innovation to implement the European Data Governance Act, the ministry has announced.

Norwegian airline opened a base in Riga Airport on Monday, the Investment and Development Agency of Latvia (LIAA) reports.

If only businesses are obligated to finance additional defence needs, they may consider pulling out from the domestic market, the Lithuanian Business Confederation (LVK) has warned. Such a decision would not help draw new firms to the market either, it says.

The Government on Wednesday gave the green light to the Energy Ministry’s roadmap for hydrogen development in Lithuania in 2024-2050. The ministry was obligated to implement the roadmap in cooperation with state institutions and social partners.

Finance Minister Gintarė Skaistė presented the advantages of the Lithuanian Fintech sector and the further direction of growth to the investors of the United States of America in Washington and invited them to invest in one of the fastest growing sectors, the ministry said in a press release on Mond...