On January 19, Lithuanian President Gitanas Nauseda said he was ready to initiate support measures for firms affected by China’s sanctions. “We talked about tax policy changes that would help businesses in the current situation: possible amendments to the corporate tax system,” Nauseda told reporters, adding that his office “is ready to initiate such measures…
The Lithuanian parliament voted on January 18 to reject proposals on liberalizing the rules on alcohol sales. The amendments, drafted by the ruling conservative-liberal coalition, included proposals to lower legal drinking age and extend alcohol-selling time. However, MPs rejected individual proposals as well as the amendment bill, which was voted down 63 to 51. Under…
Lithuania’s third-biggest city Klaipeda expects significant job losses once the country stops the transit of Belarusian fertilizers, although the “worst-case scenario” can be avoided. Last week, the government terminated a contract between the state-owned railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) and the Belarusian potash giant Belaruskali, which exported around 11 million tons of fertilizers…
On January 17, Lithuanian Economy and Innovation Minister Ausrine Armonaite said the country was concerned about foreign investors changing plans due to China’s pressure. “We have no further information about companies changing their plans. There is concern, and everybody hopes that the situation will de-escalate and will be resolved, which is what we expect as…
Spike missiles, fire-and-forget guided missile systems mounted on Vilkas Infantry Fighting Vehicles (IFVs), have been tested for the first time by the Lithuanian military. The Israel-made system was tried out on January 14-18 during a combat shooting drills of the Grand Duke Algirdas Mechanized Infantry Battalion. Spike missiles have been installed on Lithuania’s newly acquired…
LTG Link, the passenger transportation arm of Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), is planning to sign in the third quarter of 2022 a contract worth over 200 million euros to purchase new electric trains. The state-owned railway group said train manufacturers had submitted their first offers in the public procurement procedure, but it did not…
Lithuanian Prime Minister Ingrida Simonyte has welcomed the finance minister’s proposal to introduce a universal real estate tax from next year. “The proposal could provide for a possibility to introduce a normal European real estate tax in Lithuania. Its rate, its objects and so on and so forth. The law would outline a framework but…