Lithuania’s minimum monthly wage “should increase by between 15% and 19%” next year, Mykolas Majauskas, chairman of the parliamentary Committee on Budget and Finance, said on August 16. “Accordingly, the government should calculate how much the non-taxable personal income threshold should increase so as to somewhat ease the burden on businesses, because a minimum wage…
The third and final stage of liberalisation of Lithuania’s retail electricity market will be delayed for at least a year, the country’s Energy Minister Dainius Kreivys said on August 16. “We will provide a specific figure later when we put the bill before the parliament. But the liberalisation delay period will be more than a…
Lithuania’s decision to give up nuclear energy “was a big mistake”, the country’s Energy Minister Dainius Kreivys said on August 16. Closing the Ignalina nuclear power plant in northeastern Lithuania “was a mistake made by all of us”, Kreivys told a joint meeting of the parliamentary Committee on Economic Affairs and the Commission for Energy…
Lithuania is launching five training courses for Ukrainian military personnel, Defence Minister Arvydas Anusauskas said on August 16. “We are starting five training courses for Ukrainians in August,” he said. The courses will be designed for specialists, rather than recruits, to better improve the skills of the Ukrainian military in using Western weapons, Anusauskas said.…
Siauliu Bankas, the last Lithuanian bank accepting Russian payments for Kaliningrad transit services, has called on the government to provide clarity. “Public authorities must state clearly whether transit is a function of interest to the state, or not,” Vytautas Sinius, the CEO of Siauliu Bankas, said. “We are waiting for a clarification from public authorities…
Lithuania is looking at options to backfill weapons it plans to send to Ukraine, the country’s Defence Ministry says. Speaking during a donor conference for Ukraine held in Denmark, Lithuania’s Deputy Defence Minister Margiris Abukevicius said the country could send more weapons to Kyiv if NATO agreed to backfill the depleted stocks. Lithuania has already…
Growing exports to the Indo-Pacific countries are offsetting a decline in exports to China, the Foreign Ministry has said citing statistics. “Proactive economic diplomacy and the development of a network of diplomatic missions and representatives contribute to the overall goal of diversifying trade and increasing economic resilience. The total volume of Lithuanian exports to the…