Rossiya Bank
Foreign affairs

Lithuania’s president supports new US sanctions for Russia at Tallinn meeting with Pence

Lithuania’s President Dalia Grybauskaitė on Monday restated support to the new sanctions taken by the United States against Russia. […]

euro
Economy

Strong growth continues: GDP up by 3.9% in Q2

The Lithuanian government and the businesses can relax for now and enjoy their summer vacation – the Lithuanian economy continues growing at an accelerated pace . The Lithuanian GDP increased by 3.9% in Q2 of this year, compared to the same period a year ago. Meanwhile, in quarterly terms, the seasonally adjusted GDP increased by 0.6%. The annual growth for Q1 was revised up by 0.2 pp to 4.1%, Swedbank announced. […]

Alcoholic beverages
Economy

Alcohol sales down in Lithuania but too early for conclusions on consumption

Excise duty results published by the Lithuanian State Tax Inspectorate signal a decline in alcohol sales and possibly consumption, however, experts say that the information is insufficient for credible conclusions, as they do not cover the impact of illicit alcohol and alcohol purchased abroad. […]

USAF F-15C Eagle
Defence

Lithuanian president: US to double number of fighter-jets during Zapad drills

The United States (US) will double the number of air-policing fighter-jets in Lithuania during the large-scale Russian-Belarusian military exercises Zapad 2017 this fall, President Dalia Grybauskaitė said. […]

Vilnius Street
CORPORATE

New calculations – who can be called the Lithuanian middle class?

Every Lithuanian earning approximately 13 euro per day or 383 euro a month can view themselves as being middle class. Minister of Finance Vilius Šapoka suggests to take up such a view, but not all […]