Lithuanian Defence Ministry and the country’s armed forces will provide twenty M113 armoured personnel carriers, ten military trucks and ten all-terrain vehicles to Ukraine. The value of this equipment is estimated at 15.5 million euros, according to the ministry. “We are handing over armoured personnel carriers, 200 of which have been given to Ukraine by…
Lithuania’s Defence Ministry is eyeing reconnaissance drones made in the country that could replicate the Turkish Bayraktar TB2 drone, which has made its mark during the war in Karabakh as well as in Ukraine. “There is no chance of catching up with the Americans in terms of quality, or Israel for that matter, because they’ve…
Euribor, an interbank lending rate that affects interest payments, is set to rise by 1% this year, by 2% in 2023 year and remain at a similar level at least until 2032. According to the Bank of Lithuania, the Euribor hike is expected in mid-summer. It will be felt by almost all residents of the…
Lithuanian President Gitanas Nauseda has signed the revised 2022 state budget bill into law but criticised the government for being too slow in countering inflation. “People pay taxes to contribute to a bigger budget and better public services in good times and to receive timely state support in difficult times,” he said in a statement…
Lithuanian cities will be able to introduce cycle streets from June 1. The special streets, marked with a new road sign, will be dedicated to mixed traffic of bicycles and cars. “The opening of cycle streets is a new step in promoting sustainable mobility in cities. These are streets where cyclists will be able to…
The central Bank of Lithuania has set up a specialised Centre for Financial Market Development to promote continuous successful growth of the country’s financial market. The centre will look for ways to strengthen the existing financial market participants and attract new ones, promote sustainable FinTech development, implement capital market development measures. The Bank of Lithuania’s…
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,…