The top 10% of earners in Lithuania rank among the world’s highest-income groups, according to a ranking published by Euronews. Lithuania placed 18th in the ranking of average after-tax income of the wealthiest 10% of residents, calculated using purchasing power standards, or PPS, based on 2017 prices. The country scored 47.806 PPS, ranking just below…
Lithuanian Airports (LTOU) estimated that in October and November, they incurred losses of around EUR 200,000 due to smuggling balloons arriving from Belarus, which most significantly disrupted operations at Vilnius Airport. According to the airports, the amount consists of lost revenue and other direct losses (wages, operational expenses, etc.). According to LTOU Communications Manager Vitalija…
Lithuanian farmers are raising concerns that a proposed European Union trade agreement with the South American bloc Mercosur could flood European markets with cheaper imports, undercutting domestic production. “At the same time that we in EU countries cannot grow cheap products using inexpensive chemicals or prohibited substances, the EU wants to sign agreements with South…
Construction work at the Rudninkai military training area is progressing significantly faster than planned, with the first stage of the project nearing structural completion nearly a year ahead of schedule, the head of contractor EIKA Construction has said. A wreath was raised on December 17 atop the future headquarters building of the German brigade to…
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…