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…
Construction work at the Rudninkai military training area is progressing significantly faster than planned, with the first stage of the project nearing structural completion nearly a year ahead of schedule, the head of contractor EIKA Construction has said. A wreath was raised on December 17 atop the future headquarters building of the German brigade to…
Lithuania’s public debt is expected to reach 42.6% of gross domestic product (GDP) this year and rise faster than previously forecast, surpassing half of GDP by 2028, the National Audit Office reports. According to updated projections, government debt is set to climb to 53.8% of GDP until 2028, a level higher than assumed in Lithuania’s…