Lithuanian official unemployment rate stood at 13.1% in Q1, Statistics Lithuania announced, up by 0.1pp q/q. In Q1 there were 191,200 unemployed, up by 0.6% q/q. Male unemployment rate stood at 14.8%, up by 0.7pp y/y, while female stood at 11.4% declined by 0.5pp q/q. There were 107,600 unemployed males, and 83,700 unemployed females in Q1. Youth (15-24 years old) unemployment rate stood at 22.7% in Q1. Long-term unemployment rate stood at 5.9% in Q1, down by 0.1pp q/q. There were 1.27mn people employed in Q1, down by 0.4% q/q. In Q1/12 total unemployment stood at 14.5%, with youth unemployment at 28.2%, and long-term unemployment rate at 7.3%.
The head of the European Central Bank (ECB) Mario Draghi dismissed Estonia’s idea of issuing its own digital currency on September 7. Draghi said that a Eurozone member state cannot offer any ... more
The Lithuanian energy ministry has drafted a plan to curb transmission and import of power from a Belarusian nuclear power plant currently being built in Astravets, 50 kilometres from the Lithuanian ... more
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more