Cabinet approves new car pollution tax

The Lithuanian Cabinet approved on Wednesday a new tax aimed at encouraging people to buy less polluting cars and facilitating the renewal of the country's ageing vehicle fleet, Environment Minister Kestutis Mazeika said.

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Alcohol, tobacco and diesel fuel excise tax hikes approved

The Lithuanian Cabinet decided on Wednesday to raise the excise duties on strong alcohol, diesel fuel and heated tobacco in March 2020.

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President proposes new measures to block Astravyets electricity

Lithuanian President Gitanas Nauseda on Wednesday proposed new measures to block imports of electricity produced at the Astravyets nuclear power plant under construction in Belarus.

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Government considers 2020 budget with revenue and expenditure going up

The revenue and expenditure of Lithuania's 2020 state budget, including EU and other international support, should grow, and the planned budget deficit will be slightly lower than planned this year.

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Vasiliauskas: country needs immigrants with higher qualifications

With more and more immigrants from third countries arriving in Lithuania, the country's central banker Vitas Vasiliauskas says Lithuania needs foreign workers with higher qualifications.

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Lithuanian aviation holding acquires British aircraft charter company

Avia Solutions Group, a global multipurpose aviation holding company, has completed the acquisition of 100 per cent of the shareholding in UK-headquartered Chapman Freeborn Group. All customary approvals for this transaction have been obtained, informs the company in a press release.

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Lithuania posts one of EU's largest monthly decreases in industrial production

Lithuania posted one of the largest monthly decreases in industrial production among the EU's member states in August, the latest figures from the EU statistical office Eurostat showed on Tuesday.

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President's proposed faster pension rise to cost EUR 65 mln in 2 years

A faster increase in pensions, proposed by Lithuanian President Gitanas Nauseda, will cost the state an estimated 65 million euros in the next two years.

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Foreign countries surprised by Lithuanian success in this field

Growing social pressure regarding waste and ecology forces countries to introduce packaging deposit systems. Countries that are considering to charge a deposit for plastic, glass bottles or cans with wonder look at Lithuanian case. The country achieved very good results just in three years after introducing the deposit system. Surveys show that 9 out of 10 Lithuanian citizens are taking back empty bottles to reverse vending machines installed near shopping malls.

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Residents to be offered EUR 1,000 for less polluting cars

Lithuanian residents will be able to ask for 1,000 euros in compensation when changing their old car for a less polluting.

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Biggest land owners in Lithuania named

Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union, businessman Darius Zubas and investment fund Fixed Yield Invest Fund are the biggest land owners in Lithuania, the delfi.lt news website reports on Monday.

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Representatives of ruling party propose taxing large retailers

Representatives of the ruling Lithuanian Farmers and Greens Union have proposed introducing a new trade tax for retailers with an annual turnover of over 2 million euros, excluding VAT, since 2020.

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Vilnius-Kaunas road to be transformed into highway

The Vilnius-Kaunas road is to be transformed into a highway, Lithuania's Road Administration said.

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President puts forward amendments on faster pension increase

Lithuanian President Gitanas Nauseda is putting forwards amendments to three laws for the parliament's consideration, aimed at ensuring that pensions rise faster in the country and the number of older people living in poverty goes down.

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Leaders and experts of fintech market will meet in Vilnius for industry’s hottest news

On 27-28 November 2019, European and global fintech companies, investors and everyone interested in the latest financial technology will turn their attention to Lithuania. Here the largest financial technology conference Fintech Inn in Northern Europe and the Baltic States will be held for the 4th time in the capital Vilnius, the organizers inform in a press release.

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Germany's company plans building wood fiberboard plant in Lithuania

Germany's Homanit, which announced in early 2019 a 100-million-euro investment in a new wood fiberboard factory with 440 employees in Lithuania, is set to launch design procedures shorty, with construction work on a 40-hectare site in Pagiriai, near Vilnius, expected to begin in late 2020, the business daily Verslo Zinios reported on Friday.

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Violeta Kauneliene: women have contributed to chemical sciences since age of alchemy

According to the research by “Invest Lithuania”, 80 per cent of industrial engineers in Lithuania are men. However, chemical engineering is a predominantly female environment. “I would say that chemistry is a feminine professional field,” says Violeta Kauneliene, an associate professor at the Kaunas University of Technology Faculty of Chemical Technology (KTU FCT). She does not agree that science is a field for men.

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Klaipedos Nafta sets up subsidiary for LNG project in Brazil

Lithuania's state-run oil and LNG terminals operator Klaipedos Nafta has established a subsidiary company for its LNG terminal operator project in the Brazilian port of Acu.

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Klaipeda port closes cruise season

The Lithuanian seaport of Klaipeda is closing its 2019 cruise season on Thursday.

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Lithuania's media relations system poised for expansion in Baltics and Scandinavia

Lithuania's media relations system Zen PR is set to expand into the Baltic and Scandinavian countries, the business daily Verslo Zinios reported on Thursday.

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