Professional Documents
Culture Documents
I. General Overview
I. General Overview
General Overview
Endowment with
different resources
Lithuania has four main natural resources:
Gravel
Sand
Clay
Limestone
capital requirement
Agency:Commercial Bank
Some banks apply charges for issuing a bank certificate, which evidences
payment of share capital.
Electronic signature in USB form costs about EUR 44,00 plus about EUR 7.00 annual
fee. Almost all Mobile operators provide electronic key for symbolical price in amount
of EUR 0,50 plus monthly fee in amount of EUR 0.30 0.50 .
3) Electronic signature issued by Migration Board with the personal identity card.
Electronic signature does not cost anything but costs of personal identity card range
from 8.6 EUR to 31.6 EUR.
DOING BUSINESS(CONT.)
N Procedure Time to Associat
o. complete ed Costs
3 Check and reserve the name of the company (limited Less than one EUR 16.22
day (online
liability company) procedure)
Agency:Register of Legal Entities
Reservation of the new company name is compulsory for online registration of
business. Checking of the name is free of charge, and reservation costs EUR 16.22.
As of May 2013, the changes of the Regulations of the Register of legal persons came
into effect. Now the State Commission of the Lithuanian Language must check every
new company name and give its consent on the use of a particular name.
Lithuanian Government amended the Articles of the Register of Legal Entities, and
entrenched the mandatory consultation with the Inspectorate of National Language
whether the company name corresponds to the requirements of the Lithuanian
language. Currently the names of the companies must meet the requirements of
formation of Lithuanian words, therefore sometimes it is not possible to use foreign
words.
Literacy rate:
Lithuania Average Monthly
Wages
Wages in Lithuania increased to 793.30 EUR/Month in the third
quarter of 2016 from 771.90 EUR/Month in the second quarter of
2016. Wages in Lithuania averaged 526.15 EUR/Month from 2000 until
2016, reaching an all time high of 793.30 EUR/Month in the third
quarter of 2016 and a record low of 297.90 EUR/Month in the first
quarter of 2000.
Human development index
Trade
Lithuania trade deficit widened to EUR 238 million in December 2016 from EUR
213.7 million in the same month a year ago. Exports rose 8.4 percent to EUR
2.02 billion, led by petroleum products (25.7 percent), plastics and plastic
products (14.4 percent) and pharmaceutical products (21.8 percent). Imports
increased at a faster 8.7 percent to EUR 2.25 billion, boosted by higher
purchases of crude oil (52.2 percent) and iron and steel (88.8 percent).
Considering 2016 as whole, the trade deficit narrowed slightly to EUR 2.23 billion
from EUR 2.50 billion in 2015. Balance of Trade in Lithuania averaged -195.34
EUR Million from 1994 until 2016, reaching an all time high of 69.20 EUR Million
in August of 1994 and a record low of -597.50 EUR Million in March of 2008.
Exports Imports
The following export product groups represent
the highest dollar value in Lithuanian global
shipments during 2016. Also shown is the
percentage share each export category
represents in terms of overall exports from
Lithuania.
Maybe the last thing youd expect of Lithuania is their love of being in the air.
Two famous Lithuanian heroes are Steponas Darius and Stasys Girnas, two pilots that
attempted a cross Atlantic flight from NYC to Kaunas, Lithuania. They made it across
the ocean but crashed before reaching their destination.
Vilnius is the only capital in the world that you can fly a hot air balloon over. I suppose
that makes sense, since Lithuania is also #1 for the highest number of
hot air balloons per person.
Aerobatic flying is another Lithuanian specialty; Jurgis Kairys in particular. The world
champion even has a maneuver named after him: the Kairys Wheel.
Interesting Lithuanian
Superstitions