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…
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…