Average salary growth in Lithuania over the past decade has been one of the fastest among members of the Organization for Economic Co-operation and Development, according to a study by the international financial technology company Tipalti. Its data showed that the average annual salary in Lithuania almost doubled between 2011 and 2021. Last year, it…
Lithuania’s losses due to Beijing’s trade sanctions have been limited, as China has not been a big export market for the country, according to Finance Minister Gintare Skaiste. “China has never been a significant economic partner,” Skaiste said, commenting on the EU’s latest request to the World Trade Organization (WTO) to set up a panel…
The amount of grants available to Lithuania under the EU’s Recovery and Resilience Facility (RRF) is being cut by 125 million euros, but the government will be able to borrow the same amount, Finance Minister Gintare Skaiste said on December 7. “The grant part of the New Generation Lithuania plan was linked to economic indicators,”…
The public transport drivers’ strike in Vilnius entered its fourth day on December 8 after Vilniaus Viesasis Transportas (Vilnius Public Transport, VVT) and the municipal company’s trade union failed to make progress in talks. “The strike continues, and given the company’s actions, it will continue next week,” Algirdas Markevicius, president of the VVT trade union,…
Lithuania could accept up to 30,000 Ukrainians, as Europe gears up for a new wave of refugees from Ukraine, Lithuanian Social Security and Labour Minister Monika Navickiene has said. “We think that we would be ready to receive about 6,000 to 8,000 people right now if they were to cross the Lithuanian border. Certain schools…
Lithuania is doubling the scope of training courses for Ukrainian soldiers, the Defence Ministry has said. “Around 500 Ukrainian troops have already been trained during the courses organised by the Defence Ministry and the Lithuanian Armed Forces in 2022,” the ministry said in a statement. “To strengthen Ukraine’s resilience as soon as possible, the training…
Lithuania’s total assistance to Ukraine is currently estimated at 660 million euros, including 240 million euros in military aid, Defence Minister Arvydas Anusauskas has said. “The estimated cost of Lithuania’s nationwide assistance to Ukraine, refugees, etc. totals 660 million euros and the amount includes around 240 million euros in military assistance,” Anusauskas told reporters on…