Lithuania News
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AFGHANISTAN, 2017/09/09
Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010.
Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
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ALBANIA, 2017/08/27
The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend.
“Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
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CROATIA, 2017/07/11
Eurostat on Monday said in a press release that the people of the European Union (EU) was estimated at 511.8 million on January 1, 2017 due to net migration.
According to Eurostat, the statistical office of the EU, during the year of 2016, 18 EU members witnessed people increases, while 10 members witnessed people decreases.
The major increase was recorded in Luxembourg which was 19.8 per 1,000 residents, according to the data. Sweden's 14.5 per 1,000 residents and Malta's 13.8 per 1,000 residents ranked the second and the third.
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LITHUANIA, 2017/04/10
Lithuania's consumer price inflation accelerated for the sixth successive month in March, though marginally, figures from the Department of Statistics showed Monday.
The consumer price index rose 3.1 % year-over-year in March, just above the 3.0 % climb in February. The measure has been rising since January 2016.
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AFGHANISTAN, 2016/12/11
A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.
The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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ALBANIA, 2016/01/02
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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LITHUANIA, 2015/09/29
Lithuania has launched an investigation on Volkswagen cars to examine how a lot of cars in the country may have software designed to cheat emission tests, Lithuanian environment minister revealed on Friday.
Kestutis Treciokas, the minister of environment of Lithuania, told local media the country is to consider claim for possible environmental damaged from the company.
"We expect to find out objectively the damage for the nature and what could be our possible claims for Volkswagen," Treciokas was quoted as saying by business news website vz.lt.
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LITHUANIA, 2015/06/08
Lithuania's ICT sector is evolving, full steam ahead. An increasing number of companies have arrived in the country, drawn by its infrastructure, people, and business-friendly mindset. With some of the fastest and most affordable internet connections in Europe and a tech-savvy people ranking 16th in the world for ICT skills, Lithuania has recently attracted giants such as Google, exchange group Nasdaq, and AIG to set up shop.
The country hosts 13 of the 20 major IT companies in the Baltic States, while local estimates predict IT, laser technologies, biotechnology, nanotechnology, and materials science will account for 25 % of the country's GDP this year, and 80 % of the country's exports. Lithuania's economy grew by 2.9 % in 2014 and is expected to experience a 3.6 % increase in 2015, consultantcy EY estimates. What's additional, in January this year, Lithuania become part of the Eurozone.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
