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…
Starting the day with a hot cup of coffee is becoming much more expensive. According to Eurostat, the average price of coffee in the European Union (EU) in August was 16.9% higher than at the same time last year, with Lithuania experiencing the biggest increase. At the same time, the country’s cafes say that the…
The Transport Ministry has postponed its plans to subsidise air connections with Lithuania amid fund shortages. Under the plan, proposed by consultants in summer, the Lithuanian government was to offer financial incentives to airlines in order to create a dozen new flight routes to and from the country. “We have a flight promotion model ready,…
The European Commission’s current proposal on how to regulate high energy prices does not solve the problem at the moment and must be improved, says Lithuanian Foreign Vice Foreign Minister Jovita Neliupsiene. Her comment came in response to the EC’s proposal on joint gas purchases and the application of price cap mechanisms, but only for…
Women in Lithuania earn 14% less than men. Even in sectors dominated by women, their salaries are often significantly lower. Experts interviewed by LRT Radio note that the stereotypical distinction between male and female professions is becoming less salient. “If you ask me, in what fields I wouldn’t expect to see much women, I would…
Lithuania has signed a contract to acquire additional 300 Joint Light Tactical Vehicles (JLTV) from the United States, the Defence Ministry has reported. “This additional acquisition of 300 armoured utility vehicles from the United States is one of the most important steps in modernising Lithuania’s military. Our military cooperation with the United States is growing…
Lithuania will continue to support the introduction of a gas price cap at the European Council meeting as a solution to the energy cost crisis, says Asta Skaisgiryte, a senior foreign policy adviser to President Gitanas Nauseda. “What we are saying is that we must have a wholesale price ceiling for gas, that we must…