Lithuania raises non-taxable income threshold to EUR 540

The Lithuanian parliament on Tuesday voted to raise the non-taxable income threshold by 80 euros to 540 euros as of July, meaning an increase in income for the lowest earners whose annual income does not exceed the national average.

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Lithuanian parlt approves electricity, gas price compensation plan

Part of the recent sharp increase in electricity and natural gas prices for residents and businesses in Lithuania will be compensated from the state budget in the second half of this year.

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Lithuanian Post to increase service prices

Lietuvos Pastas (Lithuanian Post) is planning to increase prices for its services and lay off about 600 employees after reporting a net loss of 6.4 million euros last year amid a decline in conventional postal services, the state-owned company said on Thursday.

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Transport Minister: Ukrainian grain corridor via Belarus under consideration

Lithuanian Transport and Communications Minister Marius Skuodis says there are only two realistic ways to get grains out of war-torn Ukraine: to unblock Ukrainian ports with the help of international institutions or to create a humanitarian corridor for shipments via Belarus.

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Minister: exports to Taiwan make one sixth of ex-exports to China

Asian countries are highly interested in trade with Lithuania, Foreign Minister Gabrielius Landsbergis says, adding that exports to Taiwan now make one sixth of Lithuania's former exports to China, while exports to Singapore have almost tripled.

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Kaunas Airport already surpassed the pre-pandemic levels

In April this year, passenger and flight traffic continued to grow at all Lithuanian Airports. Compared to the same period last year, the total number of passengers increased sixfold and reached 447,000 last month, while the number of flights more than doubled as more than 4.3 thousand flights were handled in April.

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Investors earn more than 20% in ROI on a buy-to-let crowdfunding platform InRento

With the rapid popularity of crowdfunding platforms, more and more people are investing in real estate projects. To add, investing in rental properties is gaining special momentum. It can be a cure against inflation. Also, it can significantly improve your savings. Buy-to-let crowdfunding platform InRento has earned more than 20% in ROI for its investors. How is this possible?

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One in 3 Ukrainians has a job in Lithuania

Over 7,600 war refugees from Ukraine have already found jobs in Lithuania, accounting for a third of all working-age Ukrainians who have arrived in the country, the Social Security and Labor Ministry said on Wednesday.

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Baltics urge UN to ensure safe passage for Ukrainian grain exports

The Baltic states have called on the United Nation's Security Council, member countries and agencies to ensure a safe passage for Ukrainian grain shipments from Ukrainian seaports seized and blocked by Russia.

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Strategic Lithuanian-Polish gas pipeline comes into operation

Gas Interconnection Poland-Lithuania (GIPL), a gas pipeline connecting Lithuania and Poland and one of the past decade's key strategic projects, was launched at 12.40 p.m. on Sunday, May 1.

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Lithuanian Railways plans to lay off about 2,000 employees

Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) said on Thursday it is planning to lay off around 2,000 of its 9,000-plus employees, with around a quarter of the state-owned group's managerial staff at various levels set to leave.

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Nomeda Kaučikienė becomes the new CEO of Utenos Trikotažas

The managing board of SBA Group company Utenos Trikotažas has approved Nomeda Kaučikienė, who has been the head of the company’s Business Development Department since last year, as the company’s CEO. The new CEO will take office on 3 May.

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Wu: Taipei expects more Taiwanese business investment in Lithuania

Taipei expects more Taiwanese business investment in Lithuania, Joseph Wu, Taiwan's top diplomat, said on Thursday.

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Commissioner in Vilnius: EU will need to reduce dependence on fertilizers

The EU population will have enough food in the coming years, the European commissioner for agriculture said in Vilnius on Wednesday.

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Ryanair to launch 12 new routes from Lithuania this summer

Ireland's budget airline Ryanair is set to launch twelve new direct routes from Lithuania this summer.

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Ukrainian citizens and businesses to get cheaper loans in Lithuania

Ukrainian citizens and businessmen willing to start their business in Lithuania will be able to get 30 percent cheaper loans for business start-up or working capital, the country's Ministry of the Economics and Innovation says.

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EUR 24 mln frozen in Lithuania under EU sanctions against Russia and Belarus

A total of 24 million euros worth of funds have been frozen in Lithuania under the existing EU sanctions imposed against Russia and Belarus, Lithuania's Financial Crime Investigation Service (FCIS) has reported.

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Baltic States and Poland are ready to build new logistics corridors from Ukraine

The Baltic States and Poland are ready to help Ukraine look for new logistics directions to enable the war-torn country to export its agricultural products.

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Overview of Lithuanian Airports: Lithuanians do not save money on air travel

In the first quarter of this year, Lithuanian Airports continued to record the recovery of the aviation sector. Passenger traffic increased by 5.5 times and the number of flights by almost 2.5 times compared to the same period last year. According to experts, in both February and March, passenger traffic at Lithuanian Airports exceeded the demand forecasted at the beginning of the year, as stated in the Aviation Traffic Overview of Lithuanian Airports at the beginning of the year.

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Wolt and Bolt Food stop deliveries from Amber Food due to links with Russia

Food delivery platforms Wolt and Bolt Food have this week stopped delivering food ordered from restaurants owned by Amber Food, one of Lithuania's the largest restaurant groups, due to links with Russia.

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