Lithuania’s economy grew by slightly more than 4% in the first quarter of this year, compared to the same period last year, most economists estimated. Four out of the six experts surveyed believe that the country’s GDP growth ranged from 4% to 4.4%, while one analyst said it grew by 3.2% and another analyst said…
Poland’s central bank had at its disposal the equivalent of $166 billion at the end of 2021, up six-fold compared to 2020 and almost doubling over the last decade, the National Bank of Poland (NBP) wrote in a statement on April 28. The NBP said that Poland held a “high” – 20th – position in…
Lithuanian Railways (LTG), the country’s state-owned railway company, is planning to lay off around 2,000 employees until the end of the year as a result of the EU sanctions imposed on Russia and Belarus in the wake of the war in Ukraine. LTG has earmarked around 6 million euros for the staff redundancy payments, the…
A little over half of Lithuanians consider themselves “middle class”, according to a new survey. The figure is down from the previous poll two years ago. To be comfortably-off, Lithuanians would like their incomes to be considerably higher. In the survey commissioned by Swedbank, 55% of the respondents classified themselves as middle class (over 60%…
Lithuania plans to acquire Jehu-class patrol boats from Finland, Lithuania’s Defence Ministry said on April 27. A procurement agreement is expected to be signed shortly. Deputy Defence Minister Vilius Sameska said these vessels would increase Lithuania’s coastal surveillance capabilities and fill the operational gap in the Curonian Lagoon. The two countries have also renewed the…
The West is ready to contribute to the long-term strengthening of Ukraine’s armed forces, Lithuanian Defence Minister Arvydas Anusauskas has said following a US-initiated allied meeting in Germany. “It is difficult to expect a quick end to this war, we are, therefore, determined to fully contribute to the long-term strengthening of Ukraine’s armed forces. Together,…
Lithuania still has weapons it could send to Ukraine, Chief of Defence Lieutenant General Valdemaras Rupsys said on April 26. “We are looking at what other options there are. There are still some, and we are still discussing with the key allies possible supply lines to rebuild that capability if we give it to Ukraine,”…