Amid diplomatic tensions between Vilnius and Beijing, Chinese companies are cancelling contracts with Lithuanian businesses. Export advisers suggest expanding trade with Taiwan, but companies fear it would not be an adequate substitute for Chinese markets. Despite the pandemic, the dairy processor Vilkyskiu Pienine has seen its exports and annual turnover increase. “People can be without…
Lithuania’s central bank has decreased its projections for GDP growth in Lithuania next year, citing sanctions against Belarus and decreased consumer spending. The economy is projected to grow by 4.9% in 2021 and by 3.5% in 2022. In June, Lithuanian Bank (Lietuvos Bankas) said the economy would grow by 5.1% in 2021 and by 4.1%…
Every fifth resident in Lithuania lives below the poverty risk line, according to a new report by Lithuania’s National Network of Anti-Poverty Organisations. Figures from Lithuania’s statistics office showed some 585,000 people in the country lived below the poverty risk line in 2020. The poverty risk level stood at 20.9% in the country last year,…
Green Connect, an architectural project by the British firm Zaha Hadid Architects, has been deemed the best proposal for a new railway station complex in Vilnius, the city’s authorities say. Vilnius top architect Mindaugas Pakalnis says that Zaha Hadid Architects knows the Lithuanian capital well and has a lot of experience in designing such areas.…
Hungary’s low-cost airline Wizz Air is resuming flights between Vilnius and Paris from September 30. Wizz Air has said it will operate the service twice a week. In August, the airline announced plans to expand its aircraft fleet at Vilnius Airport and launch flights from the Lithuanian capital to Reykjavik in Iceland and Yerevan in…
Next week, Lithuania is planning to launch a tender for the construction of a 400-kilometer fence along the border with Belarus. Thirty-four companies from Lithuania, the United States, Israel, Luxembourg, Ukraine, Estonia and India have expressed interest in the upcoming tender. Fourteen of the firms have submitted comments and recommendations, Epso-G, the state-owned company implanting…
People struggling to pay their heating bills will be offered financial assistance, Prime Minister Ingrida Simonyte said on September 21. The government will take into account the rising heating costs, which are due to grow by more than 50% for households, and “it will be reflected in the budget”, the prime minister told reporters. Price…