Poverty in Lithuania has increased across the country, particularly in remote regions, LRT reports. Nearly 700,000 people are living below the poverty risk threshold. The average poverty level in rural areas is almost twice as high as in cities. In some municipalities, every third resident is living in poverty. Ugne Uzgale, head of strategy and…
Lithuania’s central bank, the Bank of Lithuania, has proposed a comprehensive review of existing tax exemptions, income and wealth taxation, and reducing the VAT gap to increase budget revenue as the population ages, BNS reports. Vaidotas Tuzikas, principal economist at the Bank of Lithuania, noted that Lithuania’s ratio of tax collection to GDP of 4.5%…
Latvia recorded 14 serious road accidents involving trucks in the first half of 2024, according to statistics from the Road Traffic Safety Directorate (CSDD), LSM reports. In the whole of 2023, the number of accidents with trucks resulting in grave injury or fatality was 20. CSDD has a team of experts to investigate the circumstances…