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December 27, 2010

Personal Income Tax and VAT changes for 2011 in Lithuania

The Parliament of Lithuania (Seimas) has adopted amendments to personal income tax and VAT laws: namely, the rate of personal income tax applied on income from individual activities has been reduced and the validity of the reduced VAT rates has been prolonged.
December 17, 2010

Post-recession Vilnius shows swift recovery

Lithuania’s capital Vilnius was hit hard by the global recession, but it has been showing a very swift recovery, according to a new study “Global Metro Monitor: The Path to Economic Recovery” from the Brookings Institution in collaboration with London School of Economics and Political Science as well as Deutsche Bank.
December 14, 2010

Latest Lithuanian foreign trade volumes: thick and fast

Latest calculations by Statistics Lithuania show that over a year (October 2010, against October 2009), Lithuanian exports and imports increased by 43.5 % and 37.6 %, respectively. Also, in January–October 2010, compared to the same period in 2009, exports and imports grew by 30.2 % and 29.9 %, respectively.
December 13, 2010

FDI projects in Lithuania in 2010: a year of great success

Latest figures by FDImarkets.com investment monitor show that Lithuania attracted by 10 % more FDI projects in January-November 2010, in comparison with the same period last year.
December 10, 2010

Latest foreign opinion survey: Lithuania is an attractive market for foreign businesses

54 % out of 500 large business enterprises, based in the United Kingdom, Germany, Denmark, Sweden and Norway and generating a turnover of more than EUR 14 million per annum each, think that Lithuania is an attractive location for business development abroad.
December 06, 2010

2 Lithuanian enterprises among 50 fastest growing CE technology companies

Delloitte has announced Technology Fast 50 in Central Europe (CE) ranking, presenting fastest growing Central European technology companies, based on the percentage of revenue growth over five-year period.
December 02, 2010

Lithuanian laser nominated for world’s best Scientific Laser award

World’s first tunable wavelength laser NT200 produced by Lithuanian ISO9001 certified manufacturer of lasers, laser systems and components for R&D and industrial applications EKSPLA www.ekspla.com has been named among the finalists for the prestigious 2010 Prism Awards for Photonics Innovation.
December 01, 2010

Economy grew faster than previously estimated

The Lithuanian economy expanded at a faster rate in the third quarter (Q3) than previously estimated, as construction output grew for the first time in almost two years, revised data showed.
November 24, 2010

Head for London with airBaltic

On March 4, airline airBaltic will start direct flights from Vilnius to London (Gatwick).
November 24, 2010

Cloned sheep Dolly creators considering investment in Lithuania

Last week the Scottish Roslin Cellab, an innovative incubator and contract research organization, which successfully cloned the famous sheep Dolly in 1996 in Edinburgh, Scotland, met Lithuanian scientists and businessmen and discussed potential investment and collaboration with Lithuanians.
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