With the euro depreciating against the dollar, Lithuanian exports to the United States have jumped in the first quarter of 2016. The value of exports to the US increased by more than 35% or by […]
Lithuania‘s exports grew by an annual rate of 1% to €5.2 billion in the first quarter of 2016. Lithuania was the only Baltic country to post an increase in exports in the first quarter of […]
Lithuania’s government will decide what Lithuania’s military should look like in 6 years under new plans for defence spending. Military planning guidelines indicate that 4,000 mandatory basic service soldiers will complete their mandatory conscription every […]
While Germany now has plans to legalise medical marijuana to help people with serious illnesses, and it has already been decriminalised in Baltic neighbour Estonia, Lithuanian politicians are in no rush to make such a […]
Small businesses in Lithuania say they lack the funds they need to expand, but banks seem unwilling to risk their depositors’ money on loans. Small business leaders hope that they will be able to tap […]
Former Liberal Movement Party Chairman Eligijus Masiulis could have his parliamentary mandate revoked by Friday by the decision of the Central Electoral Commission and lose legal immunity. The politician is then likely to face arrest. […]
Homeland Union – Lithuanian Christian Democrats leader Gabrielius Landsbergis is in no hurry to promise MEP Antanas Guoga, who is leaving the Liberal Movement, a place in his party. Landsbergis said cooler heads were needed […]
Lithuania may run short of funds needed to decommission its defunct Ignalina Nuclear Power Plant. The plant’s director Darius Janulevičius says that decommissioning works might require additional €1.2 billion, but the European Union refuses to […]
Next year, the government intends to continue its current policy of reducing administrative costs by preparing a budget for 2017 that will be 5% lower than this year’s. Similar several-percent reductions in administrative costs have […]
Lithuanian population productivity, compared to Western European countries remains very low and the International Monetary Fund (IMF) think this problem could be best solved by extending the life expectancy rate in Lithuania. “Life expectancy is […]
The European Parliament has proposed that all European meat and dairy processors will have to specify the origin of all ingredients in their products along with the producer country on packaging, but Lithuanian meat and […]
Without the permanent presence of NATO forces in the Baltic region and with the United States focused on the Pacific Ocean, only Poland could help Lithuania in case of a military threat, according to Casimir […]
A letter with memes making fun of former Liberal Movement party leader Eligijus Masiulis has been leaked from the Social Democratic Party’s press and information center. “Load to your personal profiles and share. Good luck! […]
The IMF has said Lithuania needs to tackle skills shortages and mismatches between training and education and the demands of the market to drive economic growth and development. “Skills’ mismatch and skills’ shortages in Lithuania […]
Electricity production and distribution group Inter Rao Lietuva reports a 37% slump in net profits in the first quarter 2016. The company says it was hit by disruptions in electricity supply via the new interconnection […]
While waiters at restaurants and cafes in Lithuania receive part of their remuneration in tips, taxing this part of income is a grey area. A new legislative proposal would make tips subject to income tax. […]
Nordea Bank economist Žygimantas Mauricas accused Lithuanian political parties of offering primarily cosmetic tax and economic reforms that were failing to solve the disparity between taxation and income in Lithuania. “People’s greatest complaint in Lithuania, […]
The International Monetary Fund may resume credit to Ukraine in the coming months, according to the international rating agency Moody’s. In its review, Moody’s noted the Ukrainian government’s progress in reforming the country’s economy and […]
The Social Democrats proposal to reduce VAT for fresh and chilled meat to make it more affordable has been criticised by the opposition and economists. But is it a credible proposal? “They are now aiming […]
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