The Ministry of Finance says it has prepared amendments to the Law on the Budget Structure which propose to establish a three-year budget.
April162023
April152023
Energy Minister Dainius Kreivys says that further decisions on energy synchronisation with continental European grids and withdrawal from the BRELL electricity grid system will be made after the results of the technical feasibility study.
April142023
Arto Aas, executive manager of the Estonian Employers Confederation, told the public broadcaster ERR that the government should not meddle in hiking the minimum wage if it wants to respect European practice, and that employers were told to get it done or the new coalition would do it for them.
April142023
The Ministry of Transport and Communications has announced that on 11-12 July, during the NATO Summit in Vilnius, all flights will be prohibited in the radius of 30 km from the exhibition and conference centre Litexpo, where the event will take place.
April132023
Public broadcaster LRT reported Wednesday that Vilnius Airport’s fuel depot is managed by a Cyprus-registered company whose shareholders have ties to the Kremlin.
April132023
LTG Cargo, freight company of Lithuanian Railways Group (LTG), received 622 applications for freight between Lithuania and other countries on 3-9 April.
April132023
The Lithuanian Trade Union Confederation supports the government’s proposal to aggregate income as a welcome breakthrough, but misses the reduction of tax burden provided for in the tax reform plan for lowest and middle income earners, the leader says.
April132023
On Tuesday, the Lithuanian Government held its primary placement auction of additional offers of the Eurobonds at the public company Nasdaq Vilnius, with the average accepted yield of 3.89%.
April132023
According to Mindaugas Sologubas, director general of AB Snaigė, the company does not agree with the decision of Kaunas Regional Court not to approve the restructuring plan, since such a decision does not protect the interests of either the company or the company’s non-mortgage creditors.
April122023
Lithuania has completed its first project to rebuild Ukraine’s infrastructure.
April122023
The European Central Bank (ECB) has expressed its opinion concerning the proposed new tax on banks, a temporary solidarity contribution, planned to be introduced in Lithuania.
April122023
In February 2023, the seasonally adjusted volume of retail trade decreased by 0.8% in the euro area and by 0.9% in the EU, compared with January 2023, according to estimates from Eurostat, the statistical office of the European Union.
April122023
Prime Minister Ingrida Šimonytė disagrees with the opposition’s proposal to reintroduce relief for mortgage loan borrowers because this measure would promote indebtedness of residents and she does not think the Government should subsidise individuals taking mortgage loans.
April112023
The Municipal Life Quality Index (LQI) compiled by the Finance Ministry shows Vilnius in its stable first place, with all top five municipalities unchanged, except for the fact that Kaunas district municipality outperformed Klaipėda city municipality. The LQI was updated with the data for 2021.
April112023
In March, the number of passengers at Lithuanian airports grew by more than a third compared to the previous year, and two airports – Kaunas and Palanga – improved their record results for 2019.
April112023
The International Monetary Fund (IMF) predicts a slower growth for the global economy and a longer period of high inflation this year.
April112023
The Estonian energy group AS Alexela, while preparing for its stock market debut, has brought Marti Hääl from his previous position as the Chairman of the Supervisory Board to be the Chairman of the Management Board, and has included the former President of Estonia and long-time energy expert Kersti Kaljulaid in the company's Supervisory Board.
April112023
Territorial planning procedures at the Kaunas railway hub are entering the next stage – coordination and approval.
April102023
The annual pan-Baltic survey on the resident’s attitudes towards Rail Baltica was conducted for the fifth consecutive time. The Baltic Survey results showed that the general support level for the largest railway infrastructure project in the Baltics remains stable high across all three Baltic States with the average support of 61% in 2022 similarly to 62% in 2021.
April102023
Reviewing banking sector results for 2022, the Bank of Lithuania stated that major structural changes happened last year, banks withstood economic challenges, promoted economic activity through residential and business loans, while the share of bad loans was historically low.