The Ministry of Economy and Innovations has registered a legislative package, which specifies that the state could take land belonging to individuals if a large investor needs it. Seimas jurists note that this could clash with the Constitution. […]
After evaluating world and the country’s economic trends, the bank of Lithuania is lowering this year’s economic growth forecast from 3.4% to 3.2%. Next year’s insights are not changing, it is expected that in 2019, the economy will grow by 2.8%. Wages will continue growing faster than inflation, unemployment will consistently decline. […]
The cabinet’s tax and public sector policy is not contributing to resolving income inequality issues, Bank of Lithuania board chairman Vitas Vasiliauskas says. […]
Members of Seimas approved the 2019 state budget and municipal budget financial metric project on Tuesday with 84 MPs voting in favour, 41 against and 5 abstaining. […]
Changes in the Lithuanian office of the UK-based Barclays bank. The company has declared that it is transferring its activities to HCL Technologies, to which it will be transferring around half of its staff. […]
If Lithuania refuses to cooperate with Minsk, then Minsk will cooperate with Latvia, Belarussian President Aleksandr Lukashenko says. In other words, due to Lithuanian initiatives against Astravyets Nuclear Power Plant, Belarussian freight could be diverted […]
A senior fellow at the prestigious think tank Atlantic Council, Alan Riley advises to not believe the words of Russian representatives that the Nord Stream 2 project is a commercial project. After presenting a report […]
Lithuania took 36th place in the UN’s Sustainable Development Goals index. This is not a bad achievement among 156 countries, however, if the country does not take serious action, it will not achieve the 2030 […]
So far, Lithuania has been one of the European Union member states, which received more than it paid into the common budget. This situation should continue in the next financial cycle, however after it, Lithuania’s […]
Lithuanian exporters are watching the impending trade war between the United States and Europe with concern. So far, the largest threat has arisen to the makers of European car parts, however the unpredictable Donald Trump […]
Minister of Transport and Communications Rokas Masiulis says that the recently surfacing corruption in the sector he curates are a natural matter. “There are areas that were touched and those that weren’t. The transport and […]
“We’ve invested in canned food instead of nuclear power” – that’s how the funds NDX Energija received after the LEO LT 2009 liquidation are described in the VP White Book. At that time NDX Energija […]
During its investigation of business influence on politicians, the Seimas National Security and Defence Committee (NSGK) among other things reviewed a State Security Department (VSD) paper, which presents a table with the most influential Lithuanian […]
With the Poles showing interesting in potential oil fields in Baltic Sea territory belonging to Lithuania, energy expert Romas Švedas and Conservative leader Gabrielius Landsbergis point out what measures should be taken so that the […]
Having grown rapidly in 2017, export flows to Russia will continue to rise this year, however they will likely not yet reach the same level as in 2013. The Russian market is making up an […]
Blockchain could be used in car markets – then drivers should not rely solely on the seller’s persuasions, as they could see the whole history of the car they are going to buy in a decentralized network, says adviser to the Board of the Bank of Lithuania Ekaterina Govina. She and the director of Blockchain Centre Vilnius Eglė Nemeikštytė told about the practical uses of the promising technology that has been recently enjoying much attention. […]
A workgroup formed in the cabinet should present proposals for tax reform, fair tax payment encouragement and incentivising reductions in the black market economy by spring. Economist Rūta Vainienė stated that in terms of reducing […]
Peculiar mentions regarding the pension system changes planned for next year which spread this week have not left a good impression on Bank of Lithuania board chairman Vitas Vasiliauskas. “Regarding pensions, if memory serves right, […]
After the Vilnius Airport closed for reconstruction, airline passengers have expressed surprise over flawless service and smooth procedures in Kaunas. The executive director of Lietuvos Oro Uostai Donatas Voveris says that this is due to […]
Exceptionally few human decisions will lead to consequences measured in a dozen thousand or a hundred thousand years, which is the time to be needed for radioactive waste from the Astravyets Nuclear Power Plant to decay before it reaches the level of naturally-occurring background radiation and will not pose threat to living organisms. […]
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