Audrius Jurgelevičius, leader of the teachers' trade union

Teachers’ strike to end Friday, say union leaders

The teachers’ trade unions involved in the nearly two-week-long strike for higher wages in Lithuania have announced that they are prepared to call off their strike as early as Friday. Audrius Jurgelevičius, the leader of the Lithuanian Education Trade Union, told LRT that he believes that the trade unions have achieved 75 percent of their goals after the government managed to find an additional €8 million to increase educational staff’s wages. […]

Teachers' strike

Teachers to hold rally ahead of strike action

Teachers plan a march of protest and a rally in Vilnius on Monday. […]

A senior citizen in Vilnius

Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]

European Union

Eurogroup agrees Lithuanian draft budget not as risky as EC believes

The Eurogroup, which has discussed the European Commission‘s (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle […]

No Picture

Lithuania to introduce excise duty on gas used for heating

Lithuania’s government plans to introduce an excise duty on natural gas used for heating from 2016. However, household users as well as organizations that receive support and charity will be exempted from the charge. […]

No Picture

Smooth euro adoption allows Lithuanian government borrow cheaper

A smooth adoption of the euro in Lithuania enabled the country not only to improve its international credit ratings but also to reduce borrowing costs, government-run website reports. […]