Finance Minister Gintarė Skaistė says that the taxation of self-employment should become equal to the taxation of employment relationships in the coming three years, with the upper limit of the personal income tax reaching 20% by 2026.
March212023
March212023
The Lithuanian and Latvian agriculture ministers have appealed to European Commissioner for Agriculture Janusz Wojciechowski asking for exceptional financial support for their dairy producers from the EU’s agricultural reserve fund that would total EUR 18.6 million in a quarter until farm-gate milk prices normalise, the Lithuanian Ministry of Agriculture announces.
March212023
Finance Minister Gintarė Skaistė says that decisions related to the package of tax proposals presented Tuesday will not be easy to take as certain group of people would not see their situation as improving. The impact of the package on public finance in 2026 is estimated to total EUR 447 million, but the final amount will depend on the response from the public and decisions at the Seimas, she noted.
March212023
Stretches of about 13 km on border roads of national significance are planned to be repaired in the districts of Lazdijai and Kalvarija in efforts to improve and expand the road infrastructure in the areas of the Lithuanian-Polish border by 2024, the Ministry of Transport and Communications said.
March212023
In the fourth quarter of 2022, the job vacancy rate stood at 1.7% in Lithuania, down by 0.2% from the quarter before and by 0.1% annually, Eurostat, the statistical office of the European Union, reports.
March202023
Following the Government’s approval of the location for the development of an offshore wind farm in the Baltic Sea and the requirements for tenderers, the National Energy Regulatory Council (NERC) will launch a tender for the selection of a developer on 30 March, the Ministry of Energy announces.
March192023
In the last quarter of 2022, goods transport by all modes of transport totalled 31.2 million tonnes, a decrease of 24% year-on-year, the State Data Agency said.
March192023
Estonia-based Hanner Group is merging Trust Capital and Hanner, its real estate development holdings operating in Lithuania, the business news portal vz.lt reports.
March192023
The Bank of Lithuania has published the balance of payments for January 2023, which shows that the current account balance (CAB) turned from deficit to surplus, compared to December 2022, and amounted to EUR 79.9 million.
March172023
Lithuanian banking system has high liquidity and is well-capitalised, and thus should not meet the fate of US and Swiss banks, says Chairman of the Board of the Bank of Lithuania Gediminas Šimkus.
March162023
Finance Minister Gintarė Skaistė says that the planned tax reform contains no proposals that would affect negatively people who are under employment contracts.
March162023
Minister of Finance Gintarė Skaistė told reporters Thursday that Lithuanian banks would not share the same fate as two US banks that have collapsed. She notes that a lot has changed in the financial system after the last financial crisis and many risks have been averted.
March162023
At the start of this year, intensive construction of the new passenger departure terminal at Vilnius Airport began. It is planned that the first passengers will depart from this terminal at the beginning of 2025, Lithuanian Airports reports.
March152023
In January 2023, the seasonally adjusted industrial production increased by 0.7% in the euro area and by 0.3% in the EU, compared with December 2022, according to estimates from Eurostat, the statistical office of the European Union.
March152023
In October 2022, the number of employees receiving minimum monthly wage (MMW) and lower gross earnings in the whole economy (individual enterprises included) amounted to 115.1 thousand it was 9.7 percent of total number of employees (0.2 percentage point less compared to October 2021). The majority (89 thousand) of these employees worked part-time, said the State Data Agency (Statistics Lithuania).
March142023
Eglės Sanatorija, a portfolio company of the INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic region, has acquired Reabilita.lt, a provider of rehabilitation services in the Lithuanian capital Vilnius, INVL said in a statement.
March142023
Novaturas Group, the largest tour operator in the Baltic States, announces changes in its management team.
March142023
There are currently 1,328 companies in Lithuania with a 100% holding owned by Russian or Belarusian citizens and companies. Another 658 and 670 are owned by Russian capital and Belarusian capital respectively, data from the open data platform Okredo for businesses show.
March142023
On Monday, Minister of the Economy and Innovation Aušrinė Armonaitė had a meeting with Palestine’s Minister of National Economy Khaled Osaily and Palestinian business leaders, the ministry announces.
March132023
In January 2023, Lithuania’s foreign trade deficit amounted to EUR 461.1 million, the State Data Agency said in a press release.