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Personal bankruptcy finally possible in Lithuania

Lithuanian Law on the Bankruptcy of Natural Persons (hereafter – Law) came into force on 1 March 2013.

Residence Place Approval for the Residents of Lithuania

The State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania has issued an explanation (No. (32.42-31)-1-RM-655) on approval of residence place for the residents of Lithuania for the purporses of tax payment.

S. Žilinskas: understanding Employers Debt Index

Director General at Creditreform Lietuva Mr. Saulius Žilinskas gave a presentation on the Employers Debt Index DIX: its understanding and dynamics

G. Nausėda: Exports will remain the driver of economic growth

On February 28th European Business Network held a networking event at the Austrian Embassy, where adviser to the president of SEB Bankas Dr. Gitanas Nausėda gave a presentation on the macroeconomic outlook for Lithuania in 2013-2014.

Two kinds of profit

When calculating the whole spectrum of expenses a company should integrate both: expletive and implicit expenses

D. Foigt – Norvaišienė: overview of changes in Labour Laws

On January 24th Mrs. Dr. Dalia Foigt - Norvaišienė gave a presentation about the recent changes in Lithuanian Labour Laws.

Renewable Resources Act Amendments

The Parliament of the Republic of Lithuania on January 17, 2013, adopted the amendments of Renewable Resources Act.

In the Spotlight: Medcentras

Medical Diagnostic and Treatment Centre is a private multi-profile clinic and hospital.

A. Česnauskas: ‘Amid a gloomy media sector, the sun shining over internet’

On November 29th European Business Network held a networking event at the Dutch residency, where the CEO of the main news portal in Lithuania “DELFI” Mr. Aleksandras Česnavičius gave a presentation which topics was “Media sector: current situation and challenges”.

Reform of regulation of individual labour disputes

After a long consideration, the Parliament of the Republic of Lithuania, by the law No. XI-2127, on June 26, 2012, adopted the amendments of XIX Chapter of the Labour Code, which reforms the procedure of individual labour dispute settlement. The new amendments will be useful to protect violated rights of employees more efficiently and faster, also will be useful to solve disputes between them, to reduce workload of the courts and administrative burden of business. The amendments will come into force from January 1, 2013.