Economy
Vilnius starts collecting tourist fee
Vilnius has started collecting a tourist fee of 1 euro per spent night as of Jul 1, with exemptions for minors and disabled people. […]
Economy
Economy
New law gives boss more say in setting civil servant’s salary
The Lithuanian parliament passed on Friday a new Law on Civil Service that gives heads of institutions more powers in setting salaries for civil servants. […]
Economy
Seimas gives final backing to pension reform
The Seimas of Lithuania on Thursday gave its final backing to a proposed pension reform, with 76 votes in favor of the amendments to the Law on The Accumulation of Pensions, five against and 8 abstentions. […]
Economy
Seimas approves ceiling on social security contributions
Following years of discussions, the Lithuanian parliament endorsed on Thursday the government’s proposal to set an income ceiling on social insurance contributions. […]
Economy
Economy
Lithuania must rely on innovation, not EU money, to avoid middle-income trap – EU official
Lithuania has to ensure technological progress and innovation to avoid falling into a middle-income trap, a senior European Commission (EC) official said on Wednesday. […]
Economy
Seimas backs pension reform
The Seimas of Lithuania on Tuesday backed a proposed pension reform, with 66 votes in favor of the amendments to the Law on The Accumulation of Pensions, 18 against and 17 abstentions. […]
Economy
Sudden drop in EU support pushes Lithuania into middle income trap, finmin says
A sudden drop in the European Union‘s cohesion support is raising the possibility of Lithuania getting into the middle income trap, Lithuanian Finance Minister Vilius Šapoka says. […]
Economy
Lithuania’s Klaipėda welcomes largest container ship in its history
Lithuania’s port of Klaipėda on Sunday welcomed the largest container ship, Francesca, to ever enter the port in its history. […]
Economy
Seimas takes another step to setting ceiling on social security contributions
The Lithuanian parliament on Friday took another step toward adopting a part of the government’s proposed tax reform package, including setting a ceiling on social insurance contributions, shifting a part of these contributions onto the employee and taxing it at 19.5 percent, and using only central government budget funds to pay the basic part of pensions. […]
Economy
Seimas committee approves of social security tax ceiling
The Lithuanian parliament’s Committee on Social Affairs and Labor on Wednesday approved of a ceiling on employees’ contributions to the state social insurance fund Sodra, back-pedaling on a decision to oppose the measure it took last week. […]
Economy
Lithuanian travelers spent EUR 186.5 mln abroad this year
Lithuanian tourists spent 185.6 million euros abroad in the first quarter of this year, up 10.7 percent year-on-year, the latest figures from the Statistics Lithuania have revealed. […]
Economy
Finance minister sees no major risks in budget revenue collection
Lithuanian Finance Minister Vilius Šapoka says he sees no major risks after central government and municipal budget revenues for January to May fell short of the projected levels. […]
Economy
Lithuania’s Jan-May budget revenue EUR 14.3 mln below target
Lithuania’s central government and local authorities collected a total of 3.452 billion euros in budget revenue between January and May, some 14.3 million euros, or 0.4 percent, less than expected, but 187.3 million euros, or 5.7 percent, more than in the same period last year, the Finance Ministry said on Monday. […]
Economy
Lithuania’s Tripartite Council continues discussions on raising minimum wage
Lithuania’s Tripartite Council, representing the government, part of employers and trade unions, on Tuesday continued negotiations on raising the minimum monthly wage as of the start of the upcoming year. […]
Economy
PM says he’s against raising basic salary amount in public sector
Lithuanian Prime Minister Saulius Skvernelis said on Monday that he is against raising the basic amount used for calculating salaries for public servants, statutory officers and politicians. […]
Economy
Vilnius railway, bus stations to become modern transport hub
Vilnius railway and bus stations will become a modern multifunctional transport hub in the future. Lietuvos Geležinkeliai (Lithuanian Railways) and Vilnius authorities on Monday presented plans for the modernization of this territory and its expansion. […]
Economy
EUR 95 mln to be allocated for teachers’ wages after changes in Lithuania – committee
95 million euros will be additionally allocated for teachers’ wages after changes to the system of payment, Eugenijus Jovaiša, chairman of the parliamentary Committee on Education and Science, says. […]
Economy
Economy
What are world governments doing with blockchain technology?
World government officials and private stakeholders met at the European Parliament in Brussels on the 24th May 2018 to discuss blockchain initiatives being undertaken in Australia, Canada, Japan, Lithuania and the United States, a press release from Blockchain Centre Vilnius states. […]