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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. […]

Vilius Šapoka
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. […]

Vilius Šapoka
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. […]

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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. […]