Lithuania risks losing millions of euros in EU funds if key reforms, including a tax reform, are not implemented, European Commission (EC) Vice-President Valdis Dombrovskis warned, LRT reports. Dombrovskis will discuss the progress of the tax reform package with Prime Minister Ingrida Simonyte and Finance Minister Gintare Skaiste in Vilnius on 7-8 September 2023. Dombrovskis…
Lithuania’s GDP will decline by 1.4% in 2023 and grow by 2.9% in 2024, the International Monetary Fund (IMF) forecasts, BNS reports. The country’s GDP will continue to rise by 2.7% in 2025, by 2.5% in 2026, by 2.2% in 2027, and by 2.1% in 2028, the IMF projects. Annual inflation will slow down to…
The Lithuanian men’s basketball team won against the US on 3 September 2023, advancing to the quarter-finals of the FIBA World Cup played in the Philippines, LRT reports. Following the win, Lithuanian President Gitanas Nauseda tweeted to US President Joe Biden, saying that “it is just basketball; we are still allies.” Meanwhile, the municipality of the…
The Lithuanian government seeks to have more direct flights to Germany, BNS reports. Defence Minister Arvydas Anusauskas said that the more frequent flight connections would help German troops stationed in Lithuania. Also, Lithuania plans to open kindergartens and schools for the children of German soldiers, Anusauskas added. Lithuania’s defence chief, General Valdemaras Rupsys, said that…
Apartment rental prices in Lithuania are 20% higher than before Russia’s full-scale invasion of Ukraine, LRT reports. In Vilnius, the rental price of a one-bedroom apartment is around EUR 1,000 or more per month in the city centre, EUR 700-800 in new buildings, and EUR 500 in old buildings. In Kaunas, rents are around EUR…
Lithuania’s Vilnius Regional Administrative Court has upheld an appeal annulling the Lithuanian Migration Department’s (LMD) decision to revoke the permanent residence permit of a Russian citizen on national security grounds, BNS reports. Lithuania’s State Security Department (VSD) found out that the applicant had worked at a prison colony in Sakhalin until 2002. However, the court…
Commercial banks and other credit institutions in Lithuania have paid EUR 56mn in temporary solidarity tax for the second quarter of 2023, according to the Finance Ministry’s preliminary data, BNS reports. Altogether 18 credit institutions made the first quarterly advance payment by the deadline of 31 August 2023. Swedbank paid EUR 25mn, followed by SEB…
Lithuania has asked NATO to increase air defences in the Baltic States, BNS reports. Lithuania’s Deputy Defence Minister, Zilvinas Tomkus, met with the commander of NATO’s Allied Air Command (AIRCOM), General James Hecker, to discuss the issue. Tomkus asked NATO to deploy more assets, including fighter jets and air defence systems, to the region. The…
The Lithuanian government is unlikely to propose amendments to apply the same restrictions on Belarusian citizens as on Russian citizens, Viktorija Cmilyte-Nielsen, speaker of the Lithuanian parliament, the Seimas, announced, BNS reports. Speaking after a meeting of coalition parties, Cmilyte-Nielsen, who chairs the Lithuanian Liberal Movement (LLS), reiterated her position that the restrictions on Belarusians…