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…
Wages in Lithuania are increasing but remain among the lowest in the European Union, according to the Bank of Lithuania. “Even though wages are increasing rapidly, their level is quite low compared to other EU countries,” Kotryna Tamoseviciene, head of the Economics Department of the Bank of Lithuania, told the Seimas Committee on Budget and…
The Lithuanian State Defense Council decided on January 10 that the country should buy multiple launch rocket systems (MLRS) earlier than planned. The announcement comes amid tensions in the region over Russia’s military buildup near Ukraine’s borders. “It was agreed to push forward the plans to procure MLRS together with the neighbouring Baltic countries,” Darius…
While inflation has been rampant across Europe, Lithuanians are particularly concerned about rising prices. Meanwhile, Germans still find consumer prices acceptable and wonder how Lithuanians survive on their income. Lithuania reported inflation of 11% at the end of last year, something unseen since the boom of the 2000s. Forecasts for inflation this year range from…
Some Lithuanian trucks have been stranded in Kazakhstan due to massive unrest gripping the country. The real situation is difficult to know due to Internet and mobile network blockages, but logistics companies have already been affected, business representatives say. According to Linava, Lithuania’s National Road Carriers Association, the mass unrest in Kazakhstan complicates the logistics…
Lithuania could consider building small-scale nuclear power plants in the future to speed up the restructuring of its energy sector, the President Gitanas Nauseda has said. “We can discuss, for example, small-scale nuclear power plants. For the time being, we have to focus on the need to produce green energy and diversify our energy sources,…
Some airlines are canceling their flights from Lithuania, according to the country’s airport operator. “The flights are being suspended temporarily and are planned to resume from February,” Aurimas Stikliunas, the head of aviation services at Lithuanian Airports (LOU), has said. “The suspensions are due to tighter restrictions or very low demand,” he added. Flights from…