Despite the challenges posed by Russia’s war against Ukraine, Lithuania’s economy is showing resilience. The International Monetary Fund (IMF) predicts that economic growth will remain positive this year and is expected to reach 1.8%. Significant […]
The world economy is currently experiencing its worst crisis since the Great Depression. The outbreak of COVID-19 virus and measures to curb it’s spread has caused the greatest shock to the world economy since the […]
The mists over the future of UK – EU relations currently still lingers. It appears that Theresa May’s cabinet is starting to completely lose control of the situation. According to political experts, the agreement she has obtained has practically no chance of receiving support in the UK’s House of Commons. The European Court of Justice introduced even more uncertainty on Monday, by declaring that the UK can unilaterally cancel the Brexit process, economist Vytenis Šimkus writes on lrt.lt. Currently all the scenarios are plausible, but what could each of them means for the Lithuanian economy? […]
A mission from the International Monetary Fund ends its work in Lithuania on Monday. […]
Lithuanian economy will slow slightly next year but the country will have an accumulated reserve of 1.5 billion euros late next year to be used in times of financial difficulties, Finance Minister Vilius Šapoka says. […]
Lithuania’s government plans to encourage major cities to restrict movement of diesel cars as of 2020 to fight negative climate change consequences. […]
The Lithuanian government may take decisions on a car tax in the fall in an effort to tackle the pressing problem of pollution and encourage motorists to choose less-polluting vehicles, Finance Minister Vilius Šapoka said on Thursday. […]
President Dalia Grybauskaitė has been “involved in scheming and intrigue and has shown her true colours”. That’s how Vygaudas Ušackas, former minister of foreign affairs and ambassador to the US, Mexico and Great Britain and […]
Lithuanian Prime Minister Saulius Skvernelis says that his government experienced pressure to introduce a blanket tax on real estate, describing its current proposal as a compromise. […]
Experts from the International Monetary Fund (IMF) called on Lithuania to address social disparity and demographic challenges as they completed their mission in Vilnius on Monday. […]
Lithuanian Prime Minister Saulius Skvernelis will present his government’s planned structural reforms to an IMF mission finishing its work in Vilnius on Monday. […]
With calls in Seimas to review whether during Andrius Kubilius‘ term as prime minister in 2009-2012, borrowing from commercial banks did not cause widespread damage to the state, MP Ingrida Šimonytė retorts that this question […]
When discussing the work for the spring session with the Seimas management, in respect to the ruling party’s promised tax reform, the president stated that, “We shouldn’t break what is already functioning.” Those who are […]
Former Lithuanian Social Democrat Party (LSDP) chair and former Prime Minister Algirdas Butkevičius is sceptical of talks about S. Skvernelis choosing to not participate in the presidential elections. “It is not only gut feeling, but […]
Lithuania’s minimum monthly wage rose by 20 euros to 400 euros on Jan. 1, 2018. […]
Lithuanian Prime Minister Saulius Skvernelis says that the minimum wage will grow moderately next year and will not have an adverse effect on the country’s competitiveness. […]
The Farmer Greens intend to take up dealing with social questions next political season, which, experts and the opposition say, is what the people are most expecting of them. “No doubt important works also await […]
Experts of the International Monetary Fund (IMF) have recommended that Lithuania should continue with its structural reforms to achieve process, with a focus on fundamental restructuring of the education sector. […]
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