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Economy

Lithuanian central bank says increase in retirement age ‘inevitable’

As Lithuania’s population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on Friday. […]

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Economy

Lithuania backs EU proposals to step up cooperation in countering VAT fraud – finmin

Lithuania supports measures that are currently being discuss in the European Union to improve cooperation in countering VAT fraud, Finance Minister Vilius Šapoka said on Friday. […]

Trucks
Economy

Lithuania can’t become a country for cheap labor imports – PM

Lithuanian Prime Minister Saulius Skvernelis says that the government’s planned quotas for unskilled workers from third countries will ensure that the country’s job market is not flooded with cheap labor. […]

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Economy

We can negotiate larger direct payments to farmers, Lithuanian agrimin says

Lithuania’s new Agriculture Minister Giedrius Surplys, sworn in on Tuesday, believes the country will be able to negotiate larger direct payments to Lithuanian farmers during negotiations with other EU member states than the European Commission proposes. […]