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,…
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…