As industry and government come together to determine a new regulatory framework for Lithuanian fintech, Airidas Puodziunas, General Manager, Contis Lithuania, looks at the issues at stake and makes the case for maintaining an open, […]
Lithuania issued government bonds worth €15 million on Monday. The state will pay 0.489% interest on average for the bonds that will mature in eight years. By 1 July, the central government’s debt amounted to […]
In an effort to bolster financial stability, the Lithuanian Ministry of Finance intends to submit a deficit-free 2017 budget to the government, says Finance Minister Rasa Budbergytė.
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After Standard & Poor‘s said that Lithuania would be the most affected by Brexit among all Eastern European nations, Lithuania’s Ministry of Finance said that the international rating agency drew misleading conclusions.
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On Monday, the Government intends to return to the Seimas‘ proposal to increase the non-taxable income (NPD) to €350.
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The current government has no plans to introduce any new taxes, says Lithuania’s new finance minister, backtracking from her earlier statement that real estate and car taxes were only a matter of time.
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Rasa Budbergytė, Lithuania’s former representative at the European Court of Auditors, has been appointed as the country’s new finance minister.
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Lithuania has exceeded tax collection targets for January-May this year, the Ministry of Finance says. […]
Next year, the government intends to continue its current policy of reducing administrative costs by preparing a budget for 2017 that will be 5% lower than this year’s. Similar several-percent reductions in administrative costs have […]
Part of the credit unions operating in Lithuania are opposing a new law aimed at solidifying the market. The Ministry of Finance drafted the law in response to a series of bankruptcies three years ago […]
The Lithuanian government is planning to have a balanced budget in 2017 and run a small surplus in 2018-2019, according to the Stability Programme presented by the Ministry of Finance on Wednesday. “This would allow […]
Lithuania’s Ministry of Finance hopes for balanced public finances in 2017 and intends to run up a surplus in 2018. The Ministry of Finance announced these projections in the Lithuanian Stability 2016 annual program that […]
Tax revenues collected by the Lithuanian state and municipalities were up 5.7% in the first quarter of 2016. State and municipal budgets collected 2.6% (€42.7 million) more revenue than projected and 5.7% or €90.5 million […]
Lithuanian citizens still have a tough time accessing data about how state institutions are using taxpayer’s money. […]
The idea of a basic bank account that would attract a low flat fee and allow Lithuanians to get a complete service package in one account at a fixed commission is being moved forward by […]
Revenues collected by municipalities around Lithuania increased in 2015 with 57 municipalities receiving more than €80 million in extra revenues in 2015, according to Ministry of Finance data. […]
With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament. MPs have submitted several bills suggesting cutting value-added tax (VAT). Some proposals have been discussed more extensively than others, but there is still no clear agreement on a number of points concerning the cuts. […]
Lithuania’s Ministry of Finance has significantly revised down its forecasts for GDP growth in 2016 to 2.5% for the year, down from the 3.2% growth predicted last year. […]
Lithuania’s Prime Minister Algirdas Butkevičius has named Rasa Budbergytė as the candidate to replace Finance Minister Rimantas Šadžius. […]
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