Lithuania’s gross domestic product grew by 3.1% in the first half of 2025 compared with the same period last year, reaching EUR 39.4 billion at current prices, the State Data Agency said on September 1. Unadjusted for seasonal and working day effects, GDP rose by 3.2%. In the second quarter, GDP increased by 3.1%, both…
Women in Lithuania earn on average 10% less than men, according to the Bank of Lithuania, sparking renewed criticism over the government’s lack of targeted measures to address the gender pay gap. Bank economist Rokas Budrauskas said the divide was most visible in industries dominated by women, which tended to offer lower salaries than male-dominated…
UK-based Revolut has become the largest bank in Lithuania in just five years, according to the country’s central bank. But the headline figure, which includes assets from customers outside Lithuania, does not necessarily reflect the full picture of competition in the domestic market. The digital bank’s rapid rise has added new momentum to a sector…
Lithuania has acquired advanced anti-tank land mines and artillery shells as part of efforts to strengthen its defence capabilities, the Defence Ministry reports. The mines, valued at more than 10 million euros, are designed to counter armoured vehicles. Ammunition depots have also been restocked with 155 mm artillery shells worth 520,000 euros. The shorter-range shells…
The Lithuanian government on August 13 approved a proposal to allocate an additional 461 million euros from borrowed funds for an advance payment for German Leopard tanks being purchased by Lithuania. The proposal made by the Finance Ministry followed a letter from the Defence Ministry in July, stating that the ministry is due to make…
Lithuania’s apple juice pressing season, set to begin in a few weeks, is expected to be one of the worst in recent years, with output likely to be about half of last year’s due to frost damage and persistent rain, producers say. Some apple orchards were hit by spring frosts, and now fruit is falling…
Lithuania plans to spend EUR 500 million over the next decade on anti-tank mines, prioritising local manufacturers. However, domestic companies say the current technical specifications appear tailored to Poland-made mines, raising concerns about whether it’s viable to invest in domestic production. Five Lithuanian firms are considering participation in a Defence Ministry tender to supply anti-tank…