Lithuanian Business Confederation

President of the Lithuanian Business Confederation (LVK) Andrius Romanovskis has been re-elected for a new four-year term, according to a press release from the LVK.

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.

Amid public discussions whether women should be conscripted for military service in Lithuania, president’s chief adviser on national security Kęstutis Budrys thinks this could be introduced but such conscription model would require more funding for military infrastructure.

As the Lithuanian government tightened the lockdown on Sunday night, Andrius Romanovskis, president of the Lithuanian Business Confederation, says the business sector expects state support.

Lithuania’s Seimas on Friday adopted a new Law on Lobbying Activities establishing the so-called “cross-declaration” that requires both lobbyists, and politicians and public servants who have contact with lobbyists to report lobbying activities.

Valdas Sutkus, suspected of corruption, has stepped down as president of the Lithuanian Business Confederation.

Aldas Rusevicius, board chairman and CEO of construction company Kauno Tiltai, was on Tuesday detained as part of the ongoing corruption investigation, Elena Martinoniene, spokeswoman for the Prosecutor General's Office, told BNS on Wednesday.

Valdas Sutkus, the president of the Lithuanian Business Confederation (LVK), and Mantas Zalatorius, the president of the Lithuanian Banks' Association (LBA), and another four people were detained by law-enforcement officials on Tuesday on suspicions of unlawful influence on legislative processes.

Lithuania's alcohol control policy based on bans and tax increases has failed to have any major influence on consumption habits, according to a survey carried by scientists from Vilnius University.

Lithuania's Tripartite Council, which brings together representatives of the government, some employers and trade unions, on Monday is to resume discussion on raising the minimum monthly wage next January.

Lithuanian companies are increasingly looking for consultations to help them understand the prevailing trends and prepare for the changes brought about by all-pervasive technologies. Almost 700 enterprises have already made use of a national compensation scheme for such consulting expenditures, a pr...

Lithuania's parliament will on Saturday discuss President Dalia Grybauskaitė veto on the new Labour Code that is meant to liberalize relations between employers and employees. Under the Seimas statute, MPs should decide during the meeting whether the law should be discussed again or scrapped.

Additions to the Labour Code reform package proposed by the parliamentary Committee on Social Affairs and Labour have "unbalanced" it, say employer representatives, accusing lawmakers of "radical populism".

Excessive bureaucracy and overly strict rules on bringing in skilled foreign workers for sectors where there are shortages are damaging Lithuanian-based companies’ ability to compete in global markets, according to the head of the Lithuanian Business Federation.

The strategically important Rail Baltica railway project designed to connect the Baltic States to Western Europe, from Tallinn to Warsaw, is slipping from Lithuania's hands the country's opposition parties claim.

Orlen Lietuva profits jumped to €217 million last year after a loss of €109 million in 2014 yet the company paid significantly less in taxes Lithuania last year than it did in 2014.

On Thursday Lithuanian Algirdas Butkevičius is leaving for a week-long official visit to India and while it should be a journey in search of new markets for Lithuanian companies, there is not a single entrepreneur accompanying the prime minister on the visit.