If the European Union decides on a gas prices cap, it is important to avoid third countries benefiting from cheaper gas-generated electricity, says Marius Vascega, head of the European Commission Representation in Lithuania. “There are all sorts of additional nuances that we all need to work on. For example, whether we do not actually subsidise…
Lithuania is buying missiles for anti-aircraft system from a Swedish company in a deal worth 45 million euro, the Defence Ministry reports. The contract signed between the Defence Ministry’s Defence Materiel Agency and SAAB Dynamics AB concerns acquisition of Bolide- and MK2-type guided missiles for short-range anti-aircraft systems RBS-70. According to the ministry, the missiles…
European Union (EU) leaders in Brussels have made progress in their discussions on measures to tackle the energy price crisis, with the chances of reaching an agreement on gas price caps increasing. However, no tangible decisions have been made yet, with the European Council instructing the European Commission to draw up concrete proposals and present…
Lithuania’s Ministry of Education, Science and Sport has allocated funding for Ukrainian athletes who have moved to Lithuania. Funds will be disbursed via Lithuanian sport federations. In total, 81,500 euros have been distributed to the federations representing seven sports. The largest amounts – 20,000 euros and 19,000 euros, respectively – were allocated to the Lithuanian…
Political and military support for Ukraine should go hand in hand with economic support, this is what will allow it to overcome all the challenges of wartime and ensure stable living conditions for citizens. Yuliia Svyridenko, First Deputy Prime Minister and Minister of Economy of Ukraine, stated this in an online statement at the annual…
Launched in May, the Lithuanian-Polish gas pipeline GIPL has been tested at its maximum capacity. Two tests were carried out to make sure the pipeline could transmit the full gas flow in accordance with the technical parameters of the GIPL construction without any disturbances. According to the assessment of the Lithuanian and Polish TSOs operating…
Lithuania’s economy will grow approximately by 1.3 % next year, outpacing other countries, chief economist of the Organization for Economic Cooperation and Development (OECD) has said, calling on the country to continue its reform efforts in order to remain competitive. “There will be a slowdown for sure, but Lithuania’s economy will grow by 1.3% in…