Lithuania’s economy minister says “it’s impossible to completely eliminate China” and believes relations with the country “will recover” following current tensions over the Taiwanese representative office in Vilnius. “It’s impossible to completely eliminate China in a global world where all our value chains are intertwined. Despite being a communist country, it has invested heavily in…
Vilnius launched its Christmas market on November 26, resuming the tradition that was suspended in 2020 and 2021 due to the coronavirus pandemic. Despite inflation, sellers say business is going fine and visitors are happy to pay up to 8 euros for a serving of mulled wine. Karolina, who runs a stand in the Christmas…
Siauliai municipality in northern Lithuania took a slew of measures to cut energy bills, but stopped the experiment after a month. In October, the Siauliai municipal administration set out to make significant savings. Air conditioner remotes were taken away from employees to prevent them from hiking up the heat. The number of kettles in the…
Even as annual inflation continues to run excess of 20%, it edged down in the past two months and is expected to drop significantly next year, according to Lithuania’s central bank and finance minister. “Inflation is easing. It has already peaked and various institutions are forecasting an average annual inflation rate of less than 10%…
Vilnius transport administrator JUDU has presented a plan for 2023-2024. The proposal includes dividing Vilnius into zones to differentiate public transport fares. JUDU has proposed dividing Vilnius into three zones: C (Centre), P (Outer City) and U (Suburbs). The Vilnius District will be included in the Suburbs zone, while most residential areas will be part…
Amid intimations of a possible split between the liberals and the conservatives in the ruling coalition, party representatives held a meeting on November 28 to discuss disagreements during a recent budget vote. “We meet all the time, today is a regular Monday meeting, we are going to continue to meet, everything is fine,” Viktorij Cmilyte-Nielsen,…
Almost half of people in Lithuania have been or are saving money for the upcoming winter, while about a third cannot afford to save, according to a new poll by Vilmorus for BNS. Sales figures suggest that households are increasingly limiting their purchases, while soaring energy prices, inflation and financial uncertainty are pushing them to…