Lithuania’s economy may shrink by at least 1.2% this year due to the coronavirus, economists from the central bank estimate. This would be an “optimistic” scenario, according to the bank’s chairman Vitas Vasiliauskas. “We believe the economy could contract by 1.2%, meaning that the former baseline scenario changes by almost 4%. But, once again, I…
The budget airline Wizz Air announced it was suspending flight between Vilnius and Milan after the Italian government put Lombardy and 14 other central and northern provinces under quarantine in order to bring the coronavirus outbreak under control. Flights from the Lithuanian capital to Milan’s Malpensa Airport will be suspended until April 3, the company…
Lithuania’s authorities are considering providing another 30 million euros in EU money to Vilnius, Kaunas, Klaipeda, Panevezys and Siauliai to help them purchase electric buses. If the Cabinet gives the go-ahead, the money will be allocated from the already-provided European Regional Development Fund. Some 22.9 million euros were spent on environment-friendly buses in 2018 and…
The financial indexes of last year of SE Klaipeda State Seaport Authority and scopes of the implemented investments manifest even bigger benefit generated for the national economics. The Lithuanian transport sector creates approximately 14% of the Lithuanian GDP, and significant part of this GDP is generated by Klaipeda Port and related activities, the port says…
Lithuania is buying new special-purpose Arocs trucks for its Armed Forces for around 10 million euros, the Defense Ministry has said. A contract on the purchase of the trucks was signed on January 20 by the Lithuanian Defense Materiel Agency and Silberauto, the representative of the German carmaker Daimler in Lithuania. Four carmakers bid for…
Energy Minister Zygimantas Vaiciunas has hailed the first green energy action a “breakthough” for Lithuania as the winner asked no government support. “It is a breakthrough for Lithuania’s renewable energy, since it is the first time that investments are made into wind farms without state support,” the minister said in a press release. “Lithuania has…
Turkish construction workers building a stadium in Lithuania’s second-biggest city Kaunas have started a hunger strike over unpaid wages. The May 1 Trade Union (G1PS) said that 53 workers were on a hunger strike outside the Kaunas municipality building and intended to continue their protest until they were paid all their arrears. The Turkish company…