Five Lithuanian companies sanctioned by Moscow say they have no business relations with Moscow. The firms, active in military and technology sectors, were among 74 foreign firms sanctioned by Russia. The Lithuanian companies named in the sanctions list are Aviabaltika Aviation Ltd (which is linked to Aviabaltika), Helisota, Defensus, ASU Baltija and Defensa. It was…
Income inequality and the huge value-added tax (VAT) gap are the major problems in Lithuania, Munawer Khwaja, a World Bank tax expert, has said. “Income inequality is one of the highest in Lithuania. Another big problem is the VAT gap, which is the third highest among the EU countries. Only Italy and Greece have a…
Border guards at the Kybartai checkpoint have blocked five freight wagons with Russian military symbols from entering Lithuania. The State Border Guard Service (VSAT) reported on November 4 that the border guards ordered to disconnect a total of five freight wagons from two Russian trains and to return them to the Kaliningrad region before the…
Lithuania opened its trade representative office in Taiwan on November 7, the Economy and Innovation Ministry announced. “Today, we welcome the first achievements of Lithuania’s economic cooperation with Taiwan. I have no doubt that with the opening of Lithuania’s trade representative office in Taipei, our work with this promising market will intensify,” Economy Minister Ausrine…
To save money, people are increasingly turning to free leisure activities. Sports coaches say that since autumn, more people have been turning up for free events, with some classes filling up within an hour. Traditionally, Lithuanian museums invite visitors to see their exhibitions for free on the last Sunday of every month. Since the end…
Lithuania’s State Defence Council will decide on the handover of howitzers and air defence systems to Ukraine by considering not only the defence chief’s advice, but also the political situation and other aspects, Lithuanian President Gitanas Nauseda has said. Two weeks ago, Defence Chief Valdemaras Rupsys said he would suggest at the next meeting of…
Lithuanian and American scientists will carry out research into the transformation of Lithuania’s energy sector, the Lithuanian Energy Ministry has said. The Energy Agency has signed an agreement with the US National Renewable Energy Laboratory (NREL) on cooperation in conducting research in the field of renewable energy development. Under the agreement, Lithuanian and American scientists…