Amid soaring inflation, an official says that the Bank in Lithuania plans to analyse whether food price rises are justified by growing costs. “This month, we will carry out a more detailed analysis of food price developments, the results of which we will present in February,” Aurelijus Dabusinskas, head of the Economy Department at the…
The Lithuanian cabinet decided on January 4 to allocate up to 556.8 million euros of borrowed funds to the Finance Ministry for electricity and natural gas compensations. Up to 174 million euros will go to subsidising electricity prices for businesses from January through March, and up to 382.8 million euros to partially cover electricity and…
Following Moscow’s invasion of Ukraine, only slightly more than half of the Lithuanian companies exporting to Russia have severed business ties with the aggressor state, according to the State Data Agency. The latest data showed that more than 260 Lithuanian companies were still exporting to the aggressor country – around half of those that were…
Lithuania will seek that NATO member countries agree at July’s summit in Vilnius to spend at least 2% of their GDP on defence, according to a presidential adviser. “One of Lithuania’s objectives is that the NATO summit agree on and confirm the so-called Vilnius commitment on defence investment of at least 2%,” Kestutis Budrys, the…
Amid worries that Europe may face serious energy shortages, the CEO of Lithuania’s electricity grid operator says there will be no power cuts in the country and energy rationing is not in the works. “Last year, especially at the end of the summer when electricity prices spiked, there was a much more serious emphasis on…
There are currently no discussions in Lithuania on extending the retirement age, a representative of the Ministry of Social Security and Labour has said. “At the moment, there are neither discussions nor decisions taken to extend it (retirement age) more than it is being extended now,” Inga Buskute, head of the ministry’s Pension Group, said…
Medical abortion becomes legal in Lithuania as of January. Women wishing to terminate pregnancy medically will be able to do so until the ninth week of pregnancy. Those opting for medical abortion will first need to consult with an obstetrician-gynaecologist. “First, the doctor must provide all the information related to the procedure. If the patient…