Amid continuing heatwaves, Lithuanians have been sweeping shops for electric fans and portable air conditioning units. Construction specialists say cooling homes may become a bigger concern in the future than heating. Unusually hot weather has persisted in Lithuania since early June and people are looking for ways to stay cool. Meanwhile, retailers say they are…
Lithuania borrowed 750 million euros in international capital markets on July 10, issuing a 30-year Eurobond, the Finance Ministry said. The annual coupon – the annual interest rate the bondholders will receive – was set at 0.75%. Previously, Lithuania issued Eurobonds of the same maturity in 2017, 2019 and 2020 with annual coupon rates of…
On July 7, Minister of Transport and Communications of the Republic of Lithuania Marius Skuodis and Minister of Infrastructure of Ukraine Oleksandr Kubrakov met in Klaipeda and discussed cooperation between the countries in the transport sector and possible new projects. According to the ministry’s press release, the countries intend to strengthen cooperation in the areas…
President Volodymyr Zelensky has said he expects that bilateral trade in goods and services between Ukraine and Lithuania will return to pre-pandemic levels. He said this at a joint press conference in President of Lithuania Gitanas Nauseda in Vilnius. “Based on the results of the current year, we expect that the volumes of bilateral trade…
With vaccination pace slowing down in Lithuania, unused vaccines are filling up available storage. Freezers at the Health Ministry’s Health Emergency Situations Center are already full, which is becoming a problem, a ministry adviser says. “Some vaccines need to be stored at very low temperatures, minus 20 to minus 70 degrees. All places at our…
Lithuanian employers complain that they cannot fill vacancies, putting the blame on unemployment benefits introduced during the pandemic. Meanwhile, worker representatives say employers are simply unwilling to offer attractive work conditions and pay. The Lithuanian government has introduced the monthly “jobseeker’s allowance” of 212 euros to help the unemployed survive the quarantine. The government has…
The EU announced new sanctions on Minsk last month, banning the transit of potash fertilizer, oil, and tobacco products. While supporting the sanctions, Lithuania was mindful of the effects on its economy. These may be milder than previously feared. The EU sanctions target Belaruskali, one of the world’s largest potash fertilizer producers. The company uses…