Lithuania will inject some 149 million euros into the economy this year after the EU finance ministers approved the country’s post-pandemic recovery plan on July 26. The 149 million euros to be allocated this year will fund the installation of 200 MW energy batteries, the so-called millennium school programme and the development of digital innovations…
Lithuania’s Kaunas Intermodal Terminal received its first freight train from the Netherlands, capable of carrying containers and semi-trailers. The train arrived on the European standard-gauge railway Rail Baltica, said Lietuvos Gelezinkeliai (Lithuanian Railways, LG), the country’s state-owned railway company. According to the company, the terminal has officially become Europe’s easternmost rail point accessible for freight…
While banks in Lithuania boast of scooter-riding CEOs, their sustainability record tells a different tale. A consumer group’s investigation suggests there’s much room for improvement. The Lithuanian Consumers Alliance (Vartotoju Aljansas) has looked at how sincere Lithuania’s six commercial banks are when they boast about their green practices. The report assessed the environmental impact of…
On July 19, the first train from the Netherlands loaded with containers and semi-trailers, which arrived at the terminal by the European standard-gauge railway, was met at the Kaunas Intermodal Terminal (KIT). Therefore, KIT has become the most easternmost point of the European railway system, which, after the completion of all works and formalities on…
President Gitanas Nauseda has appointed his adviser Simonas Krepsta to the board of the Bank of Lithuania. Krepsta will fill a vacant spot in the bank’s five-member executive body. He was Nauseda’s chief adviser on economic and social policy. Irena Segaloviciene, who is advising the president on social issues, will replace Krepsta in Nauseda’s team,…
Environment Ministry has proposed two taxes aimed at reducing pollution from cars. A one-off levy would apply to cars first sold in Lithuania, while another tax would be paid annually. The first levy is a reformed version of the current registration tax and, according to Environment Vice Minister Gintare Krusniene, will only be paid on…
Lithuanian banks will be making more thorough checks of international payments to Belarusian companies that might fall under the EU sectoral sanctions. The checks are needed to enforce the European Union’s targeted economic sanctions on Belarus, the Association of Lithuanian Banks (LBA) says. Bank clients are warned that financial institutions might ask to provide additional…