Irish low-cost carrier Ryanair will discontinue one route each from Vilnius, Kaunas and Palanga airports starting in April, Lithuania’s airport operator has confirmed. From April, Ryanair will end flights from Palanga to Dublin, from Kaunas to Belfast and from Vilnius to Stockholm. “Ryanair said it was reviewing its route network across Europe, affecting both regional…
Lithuanian Prime Minister Inga Ruginiene on January 29 dismissed speculation that the United States had urged Lithuania to resume the transit of Belarusian potash fertilisers, saying the issue was being unnecessarily escalated. “We are escalating many issues that perhaps do not need to be escalated at all. One of them is the transit of fertilisers…
As the price of gold soared to an all-time high, surpassing $5,000 per ounce (EUR 4,200), a senior official at the Bank of Lithuania acknowledged that the central bank could have profited from additional purchases but chose not to due to its long-term policy. “Looking back, we definitely missed out. If we had bought more…
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,…