The taxable value of real estate property in Lithuania has increased by 90% since the beginning of 2021, according to an assessment by the Centre of Registers, BNS reports. The tax value of residential property has roughly doubled, while the value of other real estate has increased by 60-100% over five years. Property values have…
Lithuania’s three international airports served an all-time record of 6.6 million passengers in 2024, which was almost 10% more than in 2023, according to state-owned airport operator Lietuvos Oro Uostai (LTOU), Made in Vilnius reports. The previous record was in 2019, when LTOU’s passenger turnover was 6.5 million people. LTOU’s airports served more than 56,800…
Lithuania seeks to attract more flights to the seaside resort of Palanga, BNS reports. The Ministry of Transport, the Ministry of Economy, and the Klaipeda Region Association (AKR) have agreed to raise public funds for increasing traffic at Palanga International Airport (POU). AKR unites the seven municipalities in the Klaipeda county. The goal is to…
Lithuania’s state-owned airport operator, Lietuvos Oro Uostai (Lithuanian Airports, LTOU), plans to invest another EUR 250mn in 2025-2052, according to a study drawn up by Dutch aviation consultancy NACO, BNS reports. Under the plan, LTOU would invest around EUR 180mn in developing Vilnius International Airport, EUR 50mn in Kaunas Airport, and EUR 20mn in Palanga…
Latvia’s state-owned airline, airBaltic, will open flights on several new routes from the Baltic States and Finland in winter 2023/2024 and summer 2024. The company will open flights from the Lithuanian capital, Vilnius, to Gran Canaria and Tenerife in Spain, Turin in Italy, and Dubai in the UAE in October 2023, LRT reports. In summer…
Latvia’s national air carrier, airBaltic, will open flights on eleven new routes in May 2024, including seven from Latvia, two from Estonia, and two from Lithuania, BNS reports. The company will open flights from Riga to Alicante, Chisinau, Ljubljana, Pristina, Skopje, Sofia, and Tirana. Also, airBaltic will open flights from Tallinn to Billund in Denmark…
Lithuania’s Minister of Transport and Communications, Marius Skuodis, has appointed Simonas Bartkus as the new CEO of the state-owned airport operator, Lietuvos Oro Uostai (Lithuanian Airports, LTOU), as of 16 August 2023. LTOU’s previous CEO, Marius Gelzinis, resigned in June 2022. Bartkus has 10 years of management experience in the aviation and transport sectors. LTOU…
Members of the Lithuanian World Community (LWC) held a congress in Lithuania’s seaside resort of Palanga on 4-6 August 2023, Baltic News Network reports. The event marked the 65th anniversary of the organisation. The congress brought together representatives of Lithuanian communities in 30 countries and Lithuanian officials.
The first group of children from the Ukrainian town of Bucha, a scene of Russian war crimes, has arrived in Lithuania’s seaside resort of Palanga for summer vacation, The Baltic Times reports. Lithuanian Prime Minister Ingrida Simonyte and Palanga mayor Sarunas Vaitkus welcomed the children and their accompanying adults. Simonyte wished the children "warm memories,…