Persistent macroeconomic challenges – fuel price fluctuations, still significant interest burden, and the impact of inflation – affect not only ordinary Lithuanian residents but also the country’s…
Less than a year ago, the new Lithuanian retail chain “Litas,” which opened its first store and promised expansion, is closing one of its two discount stores. Retail…
The administrator of the bankrupt company “Plienas”, which built the Gandrališkių quarter, asks Klaipėda municipality to take over part of the premises of the apartment building on Birutės Street, but…
Last year, nearly 568 thousand Russians declared bankruptcy in Russia – in 97 percent of such cases, they did so on their own initiative. People voluntarily decided to be in…
The company that managed the restaurant “Gurmanai,” opened a few years ago in the center of Klaipėda, is going bankrupt due to debt to the state.
Personal bankruptcy in Lithuania was understood quite formally for a long time: if a person’s overdue obligations exceed the limit set by law, they can apply for…
Seimas has eased the bankruptcy procedure for residents – they will no longer need to “accumulate” a minimum debt of 26 thousand euros.
Bankruptcy administrators of the largest Estonian cheese and butter production company “E-Piim Tootmine” are preparing for a public auction and will seek to sell the company’s factories for…