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LITHUANIA

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Swedbank, SEB lend EUR 20 mln for Teltonika’s electronics assembly plant

Swedbank and SEB Banks have jointly lent 20 million euros, 10 million euro for the construction of an electronics assembly plant in the Teltonika...

Lithuanian president appoints Simonyte as PM, asks her to form Cabinet

Lithuanian President Gitanas Nauseda signed on Monday a decree appointing Ingrida Simonyte as prime minister and asking her to form her Cabinet within 15...

Lidl Lithuania to cut share capital by EUR 30 mln, return funds to shareholder

Lidl Lietuva, a leading supermarket chain in Lithuania, is reducing its authorized share capital by 30 million euros, with the funds to be paid...

Bank of Taiwan seeks to establish representative office in Lithuania

The Bank of Taiwan, the largest Taiwanese bank, wants to set up a representative office in Lithuania as it sees an opportunity to expand...

Global IT outage caused no major damage in Lithuania – center

Friday's widespread global technology outage did not affect critical organizations in Lithuania, but the recovery of the affected systems overall will take time due...

AC Hotel by Marriott to open in central Vilnius on site of former St. Jacob’s Hospital

The territory of the former St. Jacob’s Hospital in central Vilnius will host an AC Hotel by Marriott, which will be operated by Orkela,...

Germany’s Datagroup to provide IT services in Lithuania, hire 30 employees

Datagroup Operations Lithuania, a newly established business of German IT company Datagroup in Lithuania, will provide IT services to the German company. According to Melanie...

National Blood Center acquires irradiation equipment to speed up blood delivery in Vilnius

The purchase of blood irradiation equipment for 250,000 euros will shorten the delivery of blood in Vilnius, Daumantas Gutauskas, director of the National Blood...

Lithuania posts one of lowest inflation rates across EU in Jun – Eurostat

Lithuania's EU-harmonized annual inflation rate was one of the lowest across the EU in June, the latest figures from Eurostat, the bloc's statistics office,...

Orlen Lithuania fails to recover over EUR 8 mln in losses from Inter RAO Lithuania

Orlen Lietuva, the Lithuanian oil import and refining subsidiary of Poland's oil group Orlen, has failed to recover more than 8 million euros in...

Almost 70 pct of people aged 55-64 worked in Lithuania in 2023

As much as 69.1 per cent of the population aged 55-64 were employed in Lithuania in 2023, which was one of the highest rates...

Adax Lithuania awaits investment following acquisition of Norway’s Adax Group by GD

Adax Lithuania, the Panevezys-based household electrical appliances manufacturing company, awaits significant investments and adaptation to new standards following the acquisition of Norway's Adax Group...

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