Evaldas Gustas EN

Lithuania's President Dalia Grybauskaitė has decided not to approve Defense Minister Juozas Olekas of the Social Democrats as caretaker health minister due to his discredited reputation in the story of "golden spoons."

Lithuania's Prime Minister Algirdas Butkevičius on Monday proposed appointing Economy Minister Evaldas Gustas as acting Minister of Health.

The Lithuanian Government on Monday withheld support for proposals to raise the minimum legal age for purchasing alcoholic drinks to 20 years from the current 18 years and to allow selling alcoholic beverages only in specialised stores. To read this article, try a €5.99 monthly subscription by click...

The Social Democratic party has chosen not to support the Order and Justice party's nomination of Povilas Gylys as a candidate for Minister of the Interior.

The Lithuanian government endorsed a package of measures aimed at cutting alcohol consumption on Monday. It includes alcohol-free zones, and further restrictions on selling hours and on alcohol advertising.

Lithuania picked up five major awards at this year’s Central and Eastern Europe Shared Services and Outsourcing Awards in Warsaw and came out on top overall for the second year running.

“The beginning of 2016 was one of the worst years in history for raw material and stock prices,” said Swedbank Chief Economist Nerijus Mačiulis. On Tuesday, he presented his projections for economic growth in Lithuania, and the prospects for exports and the international economy.

The Ministry of Economy is planning a potential investment fund that would provide seed capital and co-investments to newly formed small and micro businesses, or startups. The measure being considered to form the fund would also help develop the alternative First North market, a stock exchange geare...

Lithuania's Ministry of Economy to distribute €10 million from EU funds to foreign companies willing to invest in research in the country.

Equally stringent restrictions on the sale of alcohol should apply to all kinds of alcoholic beverages and all sellers, said Lithuania's Economy Minister Evaldas Gustas.

Lithuania's Economy Minister Evaldas Gustas has promised to initiate new reforms next year to improve the country's business environment and help Lithuania move up on the Doing Business rating.

During the 59th meeting of the World Tourism Organization (UNWTO) Commission for Europe, held last Sunday in Medellin, Colombia, Lithuania along with Switzerland and Montenegro were elected to chair the regional commission.

2014 proved to be a record year for Invest Lithuania, the nation’s foreign investment development agency, with 29 foreign companies deciding to establish or develop their businesses in Lithuania. Altogether almost 2,000 new jobs are planned over the next three years.

Conservative MP Kęstutis Masiulis has asked Economy Minister Evaldas Gustas to investigate why food prices in Lithuanian grocery stores are higher than in Germany and Belarus.

On 23 December, Philip Morris announced the launch of a new LTL 137 million (EUR 40 million) investment project to expand its factory in Klaipėda. The expansion and modernisation of the factory, which is already set to start this year, will increase production capacity by 40 percent. All extra produ...

Lithuania's Economy Minister Evaldas Gustas has signed an agreement of a European Cooperating States with the European Space Agency (ESA) in Paris.

On 25-28 September, Lithuania will take part in one of the major international tourism exhibitions JATA Tourism EXPO Japan. A delegation headed by Minister of Economy Evaldas Gustas will attend the opening ceremony of the event.

Lithuanian President Dalia Grybauskaitė has asked Prime Minister Algirdas Butkevičius to assess potential losses due to Russia's latest sanctions and find the best way to absorb these losses.

There will be no tax exemptions for companies that may suffer losses as a result of suspended imports by Russia.

Lithuanian ministries are starting work on an action plan to cope with Russia's sanctions against Lithuanian food products.