The finance ministers of the eight Nordic and Baltic countries as well as Poland have protested against the International Monetary Fund’s (IMF) plan to resume missions to Russia, Euractiv reports. The nine EU ministers sent a joint letter to IMF director Kristalina Georgieva, warning that the decision to resume dialogue with an aggressor state would…
Lithuania has asked the European Commission (EC) to disburse EUR 463mn from the EU’s Recovery and Resilience Facility (RRF), BNS reports. This is Lithuania’s third payment request under the facility. Lithuania asked for EUR 174.7mn in grants and EUR 288.3mn in loans. The EC will now assess the request and assess Lithuania’s achievement of the…
The president of the European Commission (EC), Ursula von der Leyen, has presented her list of candidates for EU commissioners, ERR reports. Estonia’s former prime minister, Kaja Kallas, was named as candidate for EU’s foreign policy chief earlier. If confirmed by the European Parliament, she will be one of six EC vice-presidents. Meanwhile, von der…
Lithuania’s central bank, the Bank of Lithuania, has raised its GDP growth forecast for 2024, BNS reports. The central bank now expects the GDP to grow by 2.2% in 2024, up from its previous forecast of 1.9% in June 2024. The central bank projects that the GDP will rise by 3.1% in 2025 and 3.3%…
Lithuania should aim to raise its defence budget to 4% of GDP, Defence Minister Laurynas Kasciunas stated, BNS reports. He said that this would allow Lithuania to maintain existing capabilities and acquire long-range air defence systems and combat helicopters. Earlier, President Gitanas Nauseda urged to raise defence spending to at least 3.5% of GDP. Lithuania’s…
Lithuania had the highest suicide rate in the Baltic States in 2021, according to Eurostat data, LSM reports. Lithuania had 19.5 deaths by suicide per 100,000 inhabitants in 2021, which was the second-highest rate in the entire EU. The suicide rate stood at 14.01 in Estonia and 13.38 in Latvia. All three Baltic States thus…
US electric car maker Tesla has opened its first pop-up store in Lithuania, BNS reports. The store is located at the Akropolis shopping mall in Vilnius. The company plans to open a permanent store and service centre in Vilnius in early 2025, Invest Lithuania reported. Tesla’s Dutch arm, Tesla International, established a subsidiary in Lithuania…
Lithuania has joined the US-led international initiative on strengthening cyber security, BNS reports. The initiative aims to counter the proliferation and misuse of commercial spyware. Lithuania is the first of the three Baltic States to join the initiative, which was first announced at the second Summit for Democracy.
Employers in Lithuania are more favourable than before towards Lithuanian emigrants who are returning, according to a survey of 512 companies and organisations by the Lithuanian Public Employment Service (UzT), LRT reports. The survey showed that 42% of companies in Lithuania suffer from a shortage of skilled labour. More than half of Lithuanian employers now…