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Economy

Economists warn Russia’s new restrictions might affect Lithuania’s entire economy

If stepped-up checks of Lithuanian trucks at the Russian border remain in place for an extended period of time, Lithuania’s transport sector would suffer substantial losses, which may hit hard the entire national economy, the economists have warned, adding that new Russia’s restrictions will undermine Lithuania’s competitive edge in the region, as far as re-exports of goods from the West to Russia are concerned. […]

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Economy

R&D expenditure in Lithuania among lowest in EU

Research and development (R&D) expenditure in Lithuania was among the lowest across the European Union (EU) in 2013, data from Eurostat shows. […]

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Economy

Can Lithuania replicate the “Irish miracle”?

The first decade in the European Union has been good for Lithuania. There is still much to be done, however, if Lithuanians want make full use of their EU membership in the years to come. […]

Rimantas Šadžius
Economy

Finance minister presents national budget proposal to Lithuanian parliament

Lithuania’s 2015 budget bill will be adjusted if there is reason to believe that the growth of the country’s economy is slightly lower than the currently forecasts, the finance minister has said. […]

Politics

Lithuanian government approves its first budget in euros

The Lithuanian Cabinet on Friday endorsed a draft budget for 2015, the first year of the country’s eurozone membership. Finance Minister Rimantas Šadžius has said that the bill is to be submitted to parliament for approval no later than 17 October. […]