Economy
Economy
Economy
Minister of Finance to advise Government return 9% VAT on heating in October
Lithuania’s government is keeping its promise to reintroduce a reduced value-added tax (VAT) on heating, with Finance Minister Vilius Šapoka pledging to submit relevant amendments to the Cabinet on Wednesday. […]
Economy
Lithuania to have surplus 2018 budget – Minister of Finance
Lithuania’s 2018 budget will have a surplus, Finance Minister Vilius Šapoka has pledged, however, did not specify how much the the state revenue would exceed the spending. […]
Economy
Valatka leaves ELTA news agency after 1 day of work
Journalist Rimvydas Valatka said on Wednesday he had decided to leave the post of editor-in-chief at the Lithuanian national news agency ELTA after merely one day of work. […]
Economy
Economy
Valatka appointed as ELTA’s editor-in-chief
Journalist and reviewer Rimvydas Valatka has been appointed as editor-in-chief of the Lithuanian national news agency ELTA, the company said on Monday. […]
Economy
Economy
Economy
PM says govt looks for sources to fund VAT cut for heating
Lithuanian Prime Minister Saulius Skvernelis says that the government is looking for sources to fund the planned reintroduction of a reduced 9 percent VAT rate on district heating and hot water services this year, but sticks to his position that the rate should be raised to 15 percent starting next year. […]
Economy
Lithuanian pensions to rise by EUR 13.5 on avg in Oct
Old-age pensions in Lithuania are set to rise by 13.5 euros on average next month after the government decided on Wednesday to increase the basic pension by 10 euros to 130 euros. […]
Economy
Lithuanian contractor PST to renovate embassy in Moscow fow EUR 6.3 mln
Panevėžio Statybos Trestas (PST), one of Lithuania’s largest construction companies, will renovate the Lithuanian Embassy to Moscow. […]
Economy
Lithuania becomes increasingly attractive for workers from Ukraine
Yuri Kurchenko, a truck driver from Ukraine, has worked in different countries, from Germany to Ireland, but he has now chosen Lithuania, even if he is paid slightly less than he would be in Western Europe. […]
Economy
Minimum wage to be raised by more than EUR 10 in January – PM
Lithuania’s minimum monthly salary will be raised by more than 10 euros next January, from the current 380 euros, Prime Minister Saulius Skvernelis said on Thursday. […]
Economy
Lithuania has a great potential to become the leader of financial technologies in the region
20 Lithuanian companies of financial technologies merged into the association “Fintech Lietuva”, the establishment of which has been encouraged and supported by the Ministry of Finance, Bank of Lithuania and other public authorities. […]
Economy
PM expects wages to rise in future
Lithuanian Prime Minister Saulius Skvernelis expects wages to rise in the future as local businesses will face competition for workers from foreign-owned companies. […]
Economy
Wet weather hampers harvesting of cereal crops in Lithuania
The rainy weather that has set in in Lithuania this week starts hampering the harvesting of cereals crops as in some areas it is too wet for combine harvesters to enter the fields. […]
Economy
Can you make money trading on exotic currency pairs?
The answer to that question isn’t easy. In Forex trading, many traders seem to stay away from exotic currencies and stick to majors, minors and crosses instead. One of the reasons might be that exotic currencies are quite illiquid and that makes them unpopular. […]
Economy
PM says alcohol excise hike brings expected results
Lithuanian Prime Minister Saulius Skvernelis says that this year’s drastic increase in excise duties on alcoholic drinks has produced the expected results as alcohol consumption has fallen, but the state has not lost tax revenue. […]
Economy
Russian courts dismiss Snoras ex-owner’s suit against Lithuania
Russian courts have finally dismissed an appeal filed by Vladimir Antonov, a former majority shareholder of the collapsed Lithuanian bank Snoras, against the dismissal of his lawsuit, worth 40 billion rubles (over EUR 500 mln), against Lithuania. […]
Economy
Vilnius Airport reopens after runway renovation
Lithuania’s main airport in the capital of Vilnius reopened on Thursday after a 35-day closure, with the first passenger plane, an Air Baltic flight from Riga, expected to land on its renovated runway shortly after midnight on Friday. […]