Economy
Davos Economic Forum founder visiting Lithuania
Prominent German engineer and economist Klaus Martin Schwab, the founder of the World Economic Forum in Davos, is visiting Lithuania this week. […]
Economy
Economy
Lithuania raising tobacco excise for public health reasons – Finance Minister
The Lithuanian government’s proposal to raise the excise duty on tobacco products next year is a result of the efforts to improve public health rather than generate more budget revenue, says Finance Minister Vilius Šapoka. […]
Economy
Lithuania’s inflation won’t eat up revenue growth – PM
Lithuania’s Prime Minister Saulius Skvernelis says that people are more sensitive about inflation than they should be, adding that the price hike would not be steep enough to outdo growing salaries. […]
Economy
Actual growth of Security Dept’s 2018 budget at EUR 2.2 mln – spokeswoman
Lithuania will grant more money to the State Security Department next year. As compared with this year, the 2018 funding to the department will grow by over 12 million euros, the actual increase is 2.2 million euros, says the department’s spokeswoman. […]
Economy
Government okays raising minimum monthly salary to EUR 400
The minimum monthly salary will grow by 20 euros to 400 euros in Lithuania starting next year, under the proposal approved by the government on Wednesday. The move will require 16.2 million euros from the state budget. […]
Economy
Government gives green light to 2018 budget draft
Lithuania’s government on Wednesday gave the initial backing to the 2018 budget draft, which is for the first time projected to feature a surplus in public finances, Prime Minister Saulius Skvernelis told a news conference.
Economy
2018 budget draft submitted to government with higher revenue, spending
The revenue of Lithuania’s 2018 state budget, including money from the European Union (EU) and other international organizations, should increase, while the planned budget deficit should be lower than projected for this year. […]
Economy
2018 Sodra budget surplus projected to jump 55 pct to EUR 218 mln
The budget surplus of the Lithuanian state-run social insurer Sodra should be 218.3 million euros next year, which is an increase by 55 percent, or 77.2 million euros, from this year’s projected 141 million euros, according to the Sodra 2018 budget draft to be presented to the government on Wednesday. […]
Economy
2018 budget draft submitted to government
The 2018 budget draft will be submitted to the Lithuanian government on Wednesday as the first budget with a projected surplus of public finances. […]
Economy
Government suggests keeping 9 pct VAT on heating
Lithuania’s government decided to keep the reduced 9-percent tariff of the value-added tax (VAT) on centralized heating and give up the plans of introducing a new tariff of 15 percent. […]
Economy
Lithuanian railway co’s last offer to Brussels made in March
After European Commissioner Margrethe Vestager stated that Lithuania could have avoided the 28-million-euro fine for its state-run company Lietuvos Geležinkeliai (Lithuanian Railways, LG) until the last minute, LG CEO Mantas Bartuška says that Lithuania’s last offer on the solution to the Renge issue had been made in March. […]
Economy
Lithuania could agree on EC fine until last minute – Vestager
Lithuania could have found a solution until the last minute and avoid the 28-million-euro fine for its state-run company Lietuvos Geležinkeliai (Lithuanian Railways, LG), the European Union’s (EU) Competition Commissioner Margrethe Vestager said in Vilnius on Tuesday. […]
Economy
Renge problem can be solved by rebuilding railway stretch – Vestager in Vilnius
The problem of the dismantled Renge railway stretch between Mažeikiai, northern Lithuania, and the Latvian city of Renge can be solved by rebuilding the line, says the European Union’s (EU) Competition Commissioner Margrethe Vestager, adding that there are other solutions, as well. […]
Economy
Vestager sees separation of Lithuanian railway co’s operations as one of options
Separation of operations of the state-run railway company Lietuvos Geležinkeliai (Lithuanian Railways, LG) is one of the ways of solving the competition offense, which led to a fine of nearly 28 million euros from Brussels, says the European Union’s Competition Commissioner Margrethe Vestager. […]
Economy
Vestager doesn’t comment on Lithuania’s chances to get Gazprom compensation
The European Union’s (EU) Competition Commissioner Margrethe Vestager has so far refused to comment on the possibilities for European countries to get compensations from Russia’s Gazprom gas concern over past overcharging for gas, saying she did not know when the European Commission would complete the Gazprom anti-monopoly survey on its operations in Central and Eastern Europe. […]
Economy
PM not to escalate conflict with Brussels over railway co’s fine
Lithuania’s Prime Minister Saulius Skvernelis says that the country would search for the least unprofitable solution over the nearly 28-million-euro fine imposed on state-run company Lietuvos Geležinkeliai (Lithuanian Railways, LG) by the European Commission, however, a conflict with Brussels will be avoided. […]
Economy
EU Competition Commissioner to discuss railway co’s case with Lithuanian leaders
Margrethe Vestager is meeting with Lithuanian leaders in Vilnius on Tuesday to discuss the fine of almost 28 million euros on Lietuvos Geležinkeliai (Lithuanian Railways, or LG) for dismantling a railway stretch to Latvia. […]
Economy
Economy
Lithuania’s 2018 budget to be surplus with higher spending
Lithuania’s 2018 state budget will be a surplus, and its spending will grow from this year, says Finance Minister Vilius Šapoka, however, refusing to specify any budget-related figures. […]
Economy
August usage of mobile data abroad up in Lithuania
The usage of Lithuanian mobile connection data abroad continued growing in August, shows data from the three largest mobile operators. The growth was a result of users taking vacations abroad, as well as the new roaming regulation rules in effect in the European Union (EU) since mid-June that unified prices for services on domestic and foreign markets. […]