The International Monetary Fund (IMF) has warned Lithuania about risks of overheating – both in particular sectors and in the economy as a whole. Among the risks, the IMF listed uneven recovery of the country’s main trade partners, geopolitical tensions, disruptions to the vaccination process and a lagging absorption of the European Union’s (EU) economic…
Lithuania’s Social Security and Labor Ministry will propose to the government to raise the minimum monthly wage by 88 euros, to 730 euros before tax, next year, two unrelated sources have reported. Earlier proposals called for raising the minimum wage by 61 euros, or by 9.5%, to 703 euros, but Social Security Minister Monika Navickiene…
The production of honey has doubled compared to last year, while exports of the country’s produce has also been increasing, according to Lithuanian Beekeepers Association. Last year, beekeepers all over Europe were dealing with a shortage of honey, so this June the demand was very high, according to Ramune Cibiene from Lithuanian Beekeepers Association. “When…
Lithuania has received a pre-financing payment of 289 million euros from the European Commission under the Recovery and Resilience Facility (RRF), the Finance Ministry reports. This amounts to 13% of total allocations for Lithuania. The pre-financing payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Lithuania’s recovery and…
The first cruise ship to visit Klaipeda since the start of the Covid-19 pandemic has arrived. The Artania brought 677 visitors from Germany, Austria, Switzerland, Italy and the Netherlands on board, according to Klaipeda Tourism and Culture Information Center. All of the ship’s passengers and the crew have been vaccinated against the coronavirus. The 2020…
Some 50 new Joint Light Tactical Vehicles (JLTVs) from the United States have been delivered to Lithuania. They are part of the deal signed with the US two years ago, according to the Defense Ministry. The vehicles were shipped from the United States to Germany and were then brought to Lithuania. The country has bought…
The construction of barriers and monitoring equipment on the Lithuanian border with Belarus will cost around half a billion euros, according to Interior Minister Agne Bilotaite. “We are convinced that a complex solution including the construction of a physical fence, border surveillance using modern technology and stepped-up border control in cooperation with EU allied forces…