Lithuania: people in Taiwan increase spending in online stores as ties grow stronger

People from Taiwan have increased their spending in Lithuania’s online stores amid growing ties between the two countries. According to the data from Taiwan’s institutions, residents of the island’s seven large cities made approximately 112,000 credit card payments, worth more than 2.5 billion new Taiwan dollars (around EUR 76 million), in Lithuanian stores between February…

Lithuania: IMF warns of economic overheating

The International Monetary Fund (IMF) has warned Lithuania about risks of overheating – both in particular sectors and in the economy as a whole. Among the risks, the IMF listed uneven recovery of the country’s main trade partners, geopolitical tensions, disruptions to the vaccination process and a lagging absorption of the European Union’s (EU) economic…