Lithuania has to ensure technological progress and innovation to avoid falling into a middle-income trap, a senior European Commission (EC) official said on Wednesday. […]
A sudden drop in the European Union‘s cohesion support is raising the possibility of Lithuania getting into the middle income trap, Lithuanian Finance Minister Vilius Šapoka says. […]
The European Union member states are struggling with three major problems – migration, strengthening the Eurozone and the United Kingdom‘s withdrawal conditions. The first question worries the so-called populists the most, the second – France, […]
Lithuania is not sure about the benefit of a common eurozone budget that Germany and France agreed to set up this week, Finance Minister Vilius Šapoka said. […]
The Lithuanian parliament’s Committee on Social Affairs and Labor on Wednesday approved of a ceiling on employees’ contributions to the state social insurance fund Sodra, back-pedaling on a decision to oppose the measure it took last week. […]
Lithuanian Finance Minister Vilius Šapoka says he sees no major risks after central government and municipal budget revenues for January to May fell short of the projected levels. […]
A three-year tax overhaul plan, proposed by the Lithuanian government is aimed at increasing income for low and middle earners, as well as stepping up fight with shadow economy, Finance Minister Vilius Šapoka says. […]
The Seimas National Security and Defence Committee (NSGK) investigation on politicians and business links has reached its conclusion, but doubts are being voiced, whether the material presented by law enforcement to the investigators will help […]
Lithuania supports measures that are currently being discuss in the European Union to improve cooperation in countering VAT fraud, Finance Minister Vilius Šapoka said on Friday. […]
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. […]
The Lithuanian government will next week unveil “unprecedented” measures to counter the shadow economy, Finance Minister Vilius Šapoka said on Thursday. […]
Lithuania’s government on Monday decided to issue green bonds on the domestic market, with the first issue worth 68 million euros to be launched in late April. […]
Participation in the 2nd pillar of the pension scheme should be further encouraged, says Lithuania’s Finance Minister Vilius Šapoka, citing payments made by employees and employers and the possibility redeem part of the income tax. […]
Lithuanian Prime Minister Saulius Skvernelis says that the government’s proposed tax changes are primarily aimed at increasing people’s income. […]
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 […]
Lithuania and seven more countries in northern Europe on Tuesday warned against rushing with the ambitious integration of the euro zone in fields that are still lacking a unified position of European Union (EU) member-states. […]
Lithuania expect to receive in June an invitation to join the Organization for Economic Cooperation and Development (OECD), Finance Minister Vilius Šapoka said. […]
Lithuania’s Finance Minister Vilius Šapoka says that the increase in excise duty on tobacco products starting Thursday may continue rising, however, excise on alcohol and oil will not go up in the nearest future. […]
Lithuania’s Finance Minister Vilius Šapoka will attend meetings of the euro group and the European Union‘s (EU) Economic and Financial Affairs Council (ECOFIN) in Brussels at the beginning of the week, as well as meet with Austria’s finance minister to discuss issues on the EU agenda. […]
Lithuania’s parliament on Tuesday approved the 2018 budget, the first budget in the country’s history with the government sector’s revenue expected to top the spending, and Lithuania finally meeting its commitment to NATO of earmarking 2 percent of the gross domestic product (GDP) to defence. […]
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