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January 30, 2012

Lithuanian Economy Grew by 5.8 percent in 2011

The national economy expanded by 5.8 percent last year, the highest growth rate in three years, driven by construction, industry, and financial services, the Statistics Lithuania said in its preliminary annual overview.
January 26, 2012

Lithuanian PM receives World Leader Cycle Award 2012

The Economic Faculty Association of the Erasmus University Rotterdam (EFR) presented Lithuania’s Prime Minister (PM) Andrius Kubilius with a World Leader Cycle Award 2012 for merits in the economy sector. This annual award is given for special merits in the areas of politics, economy and social welfare.
January 19, 2012

World Bank Sees No Recession in Lithuania

Lithuanian economy, which expanded by an impressive 5.8 percent last year, will slow down somewhat in 2012, to 3.2 percent, which means that the country is not likely to slide into the second phase of recession, the World Bank said.
January 16, 2012

Lithuania Ranks 23rd In Economic Freedom Index 2012

Lithuania moved up by one position, to rank 23rd, in the economic freedom index for 2012 released by the Heritage Foundation, the US think tank, and The Wall Street Journal.
January 09, 2012

Bright Purple Opens Office in Lithuania

Bright Purple, the Scottish recruitment specialist for IT and financial service organisations, opened its second international office in Vilnius aimed at a greater presence in eastern and northern European markets.
January 03, 2012

Additional LTL16m to Support Direct Investment

Lithuanian and foreign businesses will be able to apply for financial support from the European Union for investment projects aimed at building or reconstruction of industrial sites and introduction of new production facilities, the Ministry of Economy said. Initially, the Invest LT-2 programme is expected to distribute LTL16.2m in financial support but the amount might be increased in line with the demand for funding.