The European Parliament and the EU Council have reached agreement on the EU’s next year budget, totaling 170.6 billion euros. Lithuania will receive additional funding for dealing with health and migration, the Finance Ministry says. “It’s important that the final version ensures proper funding for Lithuania’s strategically important traditional policy areas, like cohesion and agriculture.…
Three out of four Lithuanian employers prefer employees with work experience in Lithuania rather than abroad, a survey by the Migration Information Centre (MIC) has found. “It is thought that people returning from abroad might be less loyal to the company and more willing to change jobs,” said Indre Jankauskaite-Cince, project manager at the MIC.…
First Christmas trees from Lithuania’s largest spruce plantation have already been shipped abroad. But according to business owners, the pandemic has made it difficult to find workers, while Brexit has forced them to look for new export markets. The largest Lithuanian spruce plantation, located in Joniskis district, is growing around a million trees. It hopes…
Seven years ago, the liquefied natural gas (LNG) floating storage terminal, Independence, pulled into the Lithuanian port of Klaipeda. The terminal is crucial for Lithuania’s energy security, experts say. During the first nine months of 2021, Independence has been the main source of natural gas imports to Lithuania – more than 65% of gas reached…
Lithuanians have just enjoyed a four-day weekend. While employers decry public holidays as a drain on the economy, others say the GDP should not be the main measure of social welfare. All Saints’ Day on November 1 and All Souls’ Day on November 2 are public holidays in Lithuania, the latter having been made one…
Lithuania’s gross domestic product (GDP) grew by 5.2% YoY in January-September, slightly exceeding earlier expectations of the country’s central bank. According to data released by Statistics Lithuania, the country’s economic activity over the first three quarters of 2021 totaled 40.5 billion euros, up by 5.2%. The economy got a positive boost from industrial production, wholesale…
The Lithuanian capital is set to phase out the use of coal and peat briquettes for heating until June 1, 2023. The City Council of Vilnius amended regulations to prohibit the use of the polluting solid fuel for heating in the future, but dropped the proposal to introduce the ban immediately. Vilnius Vice Mayor Valdas…