Lithuania lifts restrictions on anti-coronavirus product sales

The Lithuanian Health Minister on Thursday lifted restrictions on medical face masks, respirators, gloves and hand sanitizer sales, saying there is a sufficient supply of these products to meet the demand.

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AirBaltic launches new route from Vilnius to Oslo

After receiving all of the necessary permissions, airBaltic announces that it plans to launch direct flights from Vilnius to Oslo on May 28, 2020, the company informs in a press release.

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Employers to commit not to cut wages if income tax is lowered

Lithuanian employers' organizations say they will commit not to reduce wages during the crisis if the parliament approves President Gitanas Nauseda's initiative to cut the personal income tax rate to 15 percent, from 20 percent, and increase the non-taxable income threshold by 50 euros.

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Skvernelis: there's no legal basis for budget review

There's no need for a review of this year's budget, Lithuanian Prime Minister Saulius Skvernelis has reiterated once again, saying that there's no legal basis to do that.

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US-based developer of cloud computing solutions opens development office in Vilnius

CAST AI, a Florida-based developer of cloud computing solutions, has announced the establishment of a development office in Lithuania. The company, which has already raised $4.8M at begining of 2020, plans to expand its Vilnius-based team to 100 people in the next three years.

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New plant on way in Klaipeda

SBA Group has launched the second stage of the SBA Technology and Innovation Park development process. An automated and robotic factory is about to be built in the cluster developed near Klaipėda, the company informs in a press release.

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Flights to Warsaw and Oslo may resume soon

Regular flights from Lithuania to Warsaw and Oslo are likely to be relaunched in the near future, Prime Minister Saulius Skvernelis said on Tuesday.

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Tourism sector and hotels expect recovery as border reopen

As the Baltic states have recently reopened their internal borders after two months of lockdown, representatives of Lithuania's tourism sector say this relaxation should promote outbound tourism.

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Lithuanian Airport official: airlines want clear criteria before relaunching flights in Vilnius

After Germany's Lufthansa became the first airline to relaunch regular flights between Vilnius and Frankfurt, the chief executive officer of Lithuania's international airports says more carriers want to follow suit, but they need clarity as to where and when flights can be operated.

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Teltonika hopes to launch lung ventilator production soon

Teltonika, a Vilnius-based company providing innovative technological solutions, hopes to launch mass production of lung ventilators in late May and also plans to start exporting unique devices.

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Air Baltic to relaunch flights from Vilnius to Tallinn on May 25

Latvia's Air Baltic announced that it would relaunch direct flights from Vilnius to Tallinn on May 25.

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Analysis: tax burden influences economic state aid

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 percentage of general domestic product (GDP), the company writes in a press release.

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Sapoka: in-depth discussions needed on residential income tax cut

Lithuanian Finance Minister Vilius Sapoka has welcomed President Gitanas Nauseda's recent proposal on additional payouts to families with children, but is cautious about his proposal to cut the residential income tax rate from 20 to 15 percent.

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Vilnius Airport prepares to resume passenger flights

Vilnius Airport will see the first post-pandemic passenger flight on May 13th. Germany’s national carrier Lufthansa will perform the first renewed flight between Frankfurt am Main and Vilnius. Lithuania’s largest airport is fully ready to resume passenger flights. The airport has implemented necessary health safety measures that are recommended by national health officials and international aviation organizations.

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Government plans to relax flight rules

The Lithuanian government plans on Wednesday to relax the existing flight approval rules and lift the requirement to get the foreign and transport ministers' permission and only the Lithuanian Transport Safety Administration's permission would be needed, Transport Minister Jaroslav Narkevic says.

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Skvernelis: indoor cafes and restaurants could reopen next week

Indoor cafes, restaurants and other public food serving places in Lithuania could reopen as early as May 18 if they meet the coronavirus safety requirements, Prime Minister Saulius Skvernelis said on Tuesday.

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Air Baltic puts off resumption of flights in Baltics

Latvia's airline Air Baltic, which planned to resume the service between Vilnius and Riga on May 13, has cancelled all flights scheduled through May 17 and it is not clear yet when they may be resumed.

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Quarter of checked trading venues fail to comply with quarantine rules

A quarter of trading venues inspected in Lithuania fail to ensure quarantine conditions, with small grocery stores being the major culprits, the country's State Food and Veterinary Service has found.

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Budget seen recording revenue shortfall

Lithuania’s budget will this year record a revenue shortfall of up to 1.5 billion euros, or approximately 12 percent of the full-year revenue target, due to the coronavirus crisis, Deputy Finance Minister Migle Tuskiene has said.

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Grigeo Klaipeda to suspend operations

Grigeo Klaipeda, a cardboard producer based in Lithuania's western city of Klaipeda, which released untreated wastewater into the Curonian Lagoon, will be forced to suspend operations in the middle of May, the company’s CEO has confirmed to BNS.

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