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…
Lithuania has offered Ukraine support with gas supplies during the heating season. This was announced on social media X by President Volodymyr Zelensky following talks with his Lithuanian counterpart Gitanas Nauseda. “A good conversation with Lithuanian President Gitanas Nauseda. Lithuania has been helping us a lot since the beginning of this war, and we greatly…
Germany’s armaments company Rheinmetall and its Lithuanian partners on November 4 held a groundbreaking ceremony for a new ammunition factory worth several hundred million euros near the northern town of Baisogala. The facility will be built on a 340-hectare site in Kemerai, a village about six kilometres from Baisogala in Radviliskis district. It is expected…
Vilnius Airport temporarily halted operations on October 30 evening due to a reported threat from weather balloons launched from neighbouring Belarus, officials said. According to Lithuanian Airports, air traffic was suspended shortly after 20:00 local time, with airspace restrictions in place until 23:10. The measures were later extended until 01:05, but at 22:45 the airport…
A delegation of representatives from Ukrainian defence enterprises, led by Deputy Minister of Defence of Ukraine Sergiy Boyev, held talks with the Lithuanian side on implementing joint defence industry projects. Following a working visit to Romania, the Ukrainian delegation, led by Sergiy Boyev, arrived in Lithuania, where they met with Vice-Minister of National Defence Tomas…
Lithuanian arms and ammunition manufacturers are urging the government to order more locally produced weapons, arguing that excessive bureaucracy and a preference for Western suppliers are stifling the country’s defence industry. Domestic producers say that while Lithuania increasingly tests its homegrown weapons in Ukraine, the government remains focused on attracting large foreign defence companies to…
The Lithuanian government on October 16 approved the Finance Ministry’s draft budget for 2026, which included a significant increase in spending and a record allocation for defence, before submitting it to the Seimas, the parliament, for debate. Finance Minister Kristupas Vaitiekunas said Lithuania’s strong revenue growth this year allowed the government to boost expenditures while…