Industry

Following a 20-year break the town of Elektrënai has become the capital of energy again. The last evening of the year 2009, when the Ignalina Nuclear Power Plant was decommissioned, the Lithuanian Power Plant functioning between Vilnius and Kaunas became the largest manufacturer of the country’s ...

All that we do is intended for women. Three inseparable components – art, fashion and technology – help us present the collections for spring/summer, autumn/winter seasons. Coats, jackets, skirts, blouses are more than products; they represent our awareness of fashion trends, which is presented ...

This year, in September - October Western Shipyard (WSY) shall carry out tests on all the systems of the unique ship "WINDLIFT1", built for the German company. The testing of the specific ship of 101.8 m length and 36 m breadth, designed for the construction and maintenance of wind farms ...

Lelija UAB is the largest and most modern sewing company in Lithuania. This stable and solid company belongs to the Lithuanian Association of Light Industry; its name is well known not only in the country but also abroad. The Company is capable of sewing different clothes for men and women, the making ...

These are startling insights that some analysts of the world economy, heads of investment banks who, by the way, have nothing to do with Lithuania, have been giving thus far. However, when in July it was announced that during the second quarter of this year Lithuania’s GDP slumped by as much as ...

Due to the economic downturn in Lithuania, which began in the end of 2008, macroeconomic imbalances of several recent years are diminishing. In the first months of 2009, the current account become almost balanced, inflation and wage growth is decreasing significantly. The current downturn will be related ...

Lithuania has improved its competitiveness in the last 12 months and moved up the ladder by 5 places up to the 31 out of the 57 countries ranking, beating Estonia for the 1st time and leaving other neighboring economies far behind, shows the IMD World Competitiveness Yearbook 2009. The results of the ...

In 2008, real GDP growth slowed down compared to the third quarter of 2007 and reached 3.1% based on preliminary data. The GDP growth was determined by sufficiently rapid growth of the value added during the 1st and 2nd quarter of 2008. Due to considerably reduced growth of domestic demand in the 4th ...

The Department of Statistics reported that during the fourth quarter of 2008 Lithuanian companies suffered losses of more than 1 billion litas. In 2007, during the same period, companies received about 5 billion litas of pre-tax profit. Experts have a pessimistic outlook for the foreseeable future. Observations ...

Last year Utenos trikotažas (UT) sustained LTL 18,6 million consolidated losses, LTL 8,4 million of which was due to devaluation of Ukraine’s currency and due to the recalculated assets of the secondary enterprise in Ukraine. In 2007 losses of Utenos trikotažas totalled LTL 7,8 million. During ...