The European Commission on January 27 approved defence financing for Lithuania under the Security Action for Europe (SAFE) initiative, preliminarily allocating the country more than 6.3 billion euros in loans, with the final amount to be confirmed once the agreement is signed. European Commissioner for Defence and Space Andrius Kubilius said the latest round of…
Lithuania’s government debt reached EUR 33.6 billion in the third quarter of last year, equivalent to 40.7% of the country’s gross domestic product (GDP), one of the lower ratios in the European Union, Eurostat data showed. By comparison, Latvia’s government debt stood at EUR 19 billion, or 45.2% of GDP, while Estonia’s debt totalled EUR…
Swedbank earned the largest profit among banks operating in Lithuania in the first nine months of 2025, posting net earnings of 261.5 million euros, down by 1% YoY, central bank data showed. Profits at other major banks also declined. SEB’s profit fell by 8.5%, to 218.4 million euros, while Artea’s dropped by 24%, to 48.3…
Heavy snowfall overnight caused flight disruptions at Vilnius Airport, with at least one flight delayed and further delays or diversions possible, Lithuanian Airports said on January 2. According to Lithuanian Airports, LTOU, difficult weather conditions led to isolated delays, and some aircraft might still be redirected to alternative airports. “Due to challenging meteorological conditions overnight,…
The top 10% of earners in Lithuania rank among the world’s highest-income groups, according to a ranking published by Euronews. Lithuania placed 18th in the ranking of average after-tax income of the wealthiest 10% of residents, calculated using purchasing power standards, or PPS, based on 2017 prices. The country scored 47.806 PPS, ranking just below…
Lithuanian Airports (LTOU) estimated that in October and November, they incurred losses of around EUR 200,000 due to smuggling balloons arriving from Belarus, which most significantly disrupted operations at Vilnius Airport. According to the airports, the amount consists of lost revenue and other direct losses (wages, operational expenses, etc.). According to LTOU Communications Manager Vitalija…
Lithuanian farmers are raising concerns that a proposed European Union trade agreement with the South American bloc Mercosur could flood European markets with cheaper imports, undercutting domestic production. “At the same time that we in EU countries cannot grow cheap products using inexpensive chemicals or prohibited substances, the EU wants to sign agreements with South…