pension funds Archives - the Lithuania Tribune

Government suggests stopping insurance payments to pension funds, funds to remain

April 16, 2018 BNS 0

Lithuania’s government has suggested terminating payments from the state-run social insurer Sodra to second-pillar pension funds. Employees who want to continue the payments will be able to pay 4 percent of their salaries, with the state adding another 2 percent of the average monthly salary. […]

Lithuanians advised to make additional contributions, return to Sodra – FinMin

March 2, 2017 BNS EN 0

Lithuanian residents who are expected to have the lowest old-age pensions will be advised to make additional contributions to their pension fund or return to the state-run social insurer Sodra, says Finance Minister Vilius Šapoka. […]

Lithuanian pension funds report losses

April 12, 2016 LT Daily 0

The first quarter of 2016 has been tough for Lithuania’s private pension funds, most of which suffered losses, except for the most conservative ones, LRT reports. Fund managers say it has to do with the […]

Poll: due to uncertainty Lithuanians halt their plans to consume and borrow

June 2, 2020 0

A Spinter Tyrimai survey of Lithuanian residents performed in April on the current financial situation has revealed that within the coming three months, citizens are not planning any expenses. With the lockdown underway, the study […]

Ericsson: Lithuania’s chance for a great digital leap forward

May 29, 2020 0

After imposing the quarantine, all countries, including Lithuania, witnessed drastic changes in data consumption habits. Most mobile network operators noticed people having more and longer calls, with up to 100% increase in voice services. The […]

Lithuanian startups were not intimidated by the crisis

May 28, 2020 0

The COVID-19 pandemic paralyzed a significant number of businesses, but startups make the most of this situation: Lithuanian start-up developers say that responding in a timely manner to customer orders is a major challenge for […]

Are we going to vote in the Parliamentary elections as in the 21c?

May 25, 2020 0

Democratic elections usually fulfil two conditions. They have to be free and fair. The upcoming parliamentary elections are going to have one distinctiveness. They will be post-pandemic under one condition, that at the time of […]

Campain “Savi už savus”: invites to cope with the consequences of the lockdown together

May 19, 2020 0

In order to reduce the consequences of the economic crisis caused by the coronavirus in Lithuania, the Lithuanian brewery Gubernija is launching a national movement “Savi už savus” (“Locals for Locals”) to support small and […]

Tax burden influences economic state aid

May 15, 2020 0

Nordic-Baltic business law house Fondia prepared an analysis of government aid for business and individuals in several countries. It turned out that state aid for economy correlates directly with the tax burden, calculated as a […]