Since opening its representative office in Vilnius over four years ago, Taiwan has sought to boost economic cooperation and attract investment to Lithuania. According to the Ministry of Economy and Innovation, Taiwanese direct investment has risen from EUR 0.53 million in 2021 to EUR 7.21 million in 2024, but the total remains small. Relations between…
Lithuanian Prime Minister Inga Ruginiene said on February 23 she would seek to renew discussions with Taipei on securing greater Taiwanese investment in Lithuania. The comment comes amid discussions about whether Lithuania should change its policies and seek to improve relations with China which have soured following the opening of the Taiwanese Representative Office in…
The Finnish airline Finnair is planning to resume flights between Vilnius and Helsinki on March 1 after they were suspended last December following airspace disruptions by smuggler balloons from Belarus. “From March 1, Finnair will resume its evening flight between Helsinki and Vilnius, which was temporarily suspended when the hybrid attack took place. Tickets are…
Lithuania needs about 1 billion euros to develop transport links critical for military mobility, Deputy Defence Minister Karolis Aleksa has said. Aleksa said Lithuania’s overall military mobility needs totaled around 4 billion euros, with most of the funding expected to come from European Union and NATO instruments. “Our needs total 4 billion euros, including around…
Irish low-cost carrier Ryanair will discontinue one route each from Vilnius, Kaunas and Palanga airports starting in April, Lithuania’s airport operator has confirmed. From April, Ryanair will end flights from Palanga to Dublin, from Kaunas to Belfast and from Vilnius to Stockholm. “Ryanair said it was reviewing its route network across Europe, affecting both regional…
Lithuanian Prime Minister Inga Ruginiene on January 29 dismissed speculation that the United States had urged Lithuania to resume the transit of Belarusian potash fertilisers, saying the issue was being unnecessarily escalated. “We are escalating many issues that perhaps do not need to be escalated at all. One of them is the transit of fertilisers…
As the price of gold soared to an all-time high, surpassing $5,000 per ounce (EUR 4,200), a senior official at the Bank of Lithuania acknowledged that the central bank could have profited from additional purchases but chose not to due to its long-term policy. “Looking back, we definitely missed out. If we had bought more…