The Lithuanian government has greenlit relaunching regular flights to Norway, making Oslo the fourth destination to be accessible by air from Vilnius. Regular flights have so far been allowed to Frankfurt, Riga and Tallinn. Foreign Minister Linas Linkevicius told the Cabinet that flights from Vilnius to Oslo would resume from May 25, adding that AirBaltic…
President Gitanas Nauseda proposed temporary income tax cuts and one-off payments to families with children to stimulate the country’s economy. The president presented the additional package worth 500 million euros after signing the Seimas-adopted law on one-off payments of 200 euros to pensioners and other social benefit recipients. Nauseda proposed to cut income tax from…
Airlines are hesitant to resume flights in absence of a clear safety criteria from the Lithuanian government, says the CEO of the country’s airports. Germany’s Lufhansa is the first airline to relaunch regular flights from Vilnius, while some other carriers have also submitted applications to the government. According to Marius Gelzinis, the CEO of Lietuvos…
The European Commission predicts that Lithuania’s gross domestic product (GDP) will contract by 7.9% this year due to the Covid-19 pandemic. However, the country’s economy should rebound and grow by 7.4% next year, the Commission said in its Spring 2020 Economic Forecast. According to the Commission, the heaviest blow to Lithuania’s economy will be dealt…
The Lithuanian government has allowed regular Vilnius-Frankfurt flights to resume on May 10. Flights in Lithuania were allowed to start on April 30, but all inbound flights needed to be approved by the government. There are no restrictions on outbound flights, “as they will not affect the epidemiological situation in the country,” according to the…
Drivers working for Girteka, Lithuania’s largest logistics company, are planning a massive walkout over wage cuts. The drivers are set to leave their vehicles in parking lots in different European countries on April 20 and not to work. Girteka drivers were warned last this week that their salaries would be cut by 15%. The company…
Lithuania is borrowing 1.5 billion euros from international financial institutions and using the money to ensure the liquidity of the state treasury. The European Investment Bank (EIB) will extend a loan of 700 million euros, while the Nordic Investment Bank (NIB) and the Council of Europe Development Bank (CEB) will lend 400 million euros each.…