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…
Amid growing coronavirus infections and sluggish vaccination, the Lithuanian government may consider reintroducing more restrictions, Prime Minister Ingrida Simonyte has warned. Immunity passports may be required to access certain services, she said on July 13, urging people to get vaccinated. “The situations is, as predicted, getting worse, meaning that the daily infection count is growing…
Amid continuing heatwaves, Lithuanians have been sweeping shops for electric fans and portable air conditioning units. Construction specialists say cooling homes may become a bigger concern in the future than heating. Unusually hot weather has persisted in Lithuania since early June and people are looking for ways to stay cool. Meanwhile, retailers say they are…
Lithuania borrowed 750 million euros in international capital markets on July 10, issuing a 30-year Eurobond, the Finance Ministry said. The annual coupon – the annual interest rate the bondholders will receive – was set at 0.75%. Previously, Lithuania issued Eurobonds of the same maturity in 2017, 2019 and 2020 with annual coupon rates of…
On July 7, Minister of Transport and Communications of the Republic of Lithuania Marius Skuodis and Minister of Infrastructure of Ukraine Oleksandr Kubrakov met in Klaipeda and discussed cooperation between the countries in the transport sector and possible new projects. According to the ministry’s press release, the countries intend to strengthen cooperation in the areas…
President Volodymyr Zelensky has said he expects that bilateral trade in goods and services between Ukraine and Lithuania will return to pre-pandemic levels. He said this at a joint press conference in President of Lithuania Gitanas Nauseda in Vilnius. “Based on the results of the current year, we expect that the volumes of bilateral trade…