The export of Lithuania-origin goods grew by over 30% YoY in the first quarter of 2022, totaling more than EUR 6 billion in revenue, Lithuania’s department of statistics reported. “We see that the government’s efforts to diversify export markets and work with like-minded countries, especially by strengthening political and economic ties with the United States,…
Lithuania is among the worst European Union member states in terms of opening up and using data crucial for public interest, according to a global data barometer. Lithuania scored 37 out of 100 points in the first-ever survey and was ranked the last in the region, alongside Greece and Malta, Transparency International Lithuanian Chapter said…
The Lithuanian parliament on May 17 voted to raise the non-taxable income threshold by 80 euros to 540 euros as of July. This means an increase in income for the lowest earners whose annual income does not exceed the national average. The amendments to the Law on Personal Income Tax were passed with 93 votes…
Lithuania has thrown away some 46,600 coronavirus vaccines after they expired, the Health Ministry has said. Some 36,200 doses were disposed of in April and another 10,400 in May. “So far, we have only disposed of Moderna vaccines due to their expiration date,” Lukas Galkus, an adviser at the Health Ministry, said, adding that there…
A working group on May 13 finalised a cross-party agreement on beefing up Lithuania’s national security. The final draft excludes commitments to introduce universal military service and a specific percentage of GDP to be spent on defence, as previously expected. The agreement, to be signed by all parties represented in the Lithuanian parliament, is meant…
Lithuania was a dairy powerhouse before the Second World War. One family from Panevezys is now trying to bring that heritage back to life. There were almost 300 dairy plants in Lithuania in the 1930s, and about 2,000 more milk-skimming stations, according to Alfredas Bumblauskas, history professor at Vilnius University. They processed about 500 million…
SEB has revised its forecast for Lithuania’s GDP growth in 2022 up to 0.9% from 0.1% in late March, and has raised its projection for 2023 to 1.8%. SEB Lithuania’s economist Tadas Povilauskas says that the upward revision reflects expectations of a less sharp economic downturn in the second quarter, as well as a positive…