Vilius Šapoka EN

The Lithuanian government proposes to raise the minimum wage from 607 euros to 642 euros before tax and increase the monthly child benefit from 60 euros to 70 euros next year.

Lithuanian Finance Minister Vilius Sapoka on Thursday liked public debate over the establishment of a state-owned bank to "the construction of the Tower of Babel", noting that some want more bank branches in the regions, others want cheaper services, and still others want more loans to businesses an...

Lithuanian Prime Minister Saulius Skvernelis and Finance Minister Vilius Sapoka refused on Thursday to answer written questions from the opposition.

The widening coronavirus outbreak will have implications for the Lithuanian economy, Finance Minister Vilius Sapoka said on Tuesday.

Lithuanian Finance Minister Vilius Sapoka expects that a compromise will be reached on the state's 2020 budget as the bill comes up for a second debate in the parliament on Tuesday.

Lithuania hopes for further growth of the fintech sector and is open to investors from all countries, including China, the country's Finance Minister Vilius Sapoka says.

Facebook's plans to issue its cryptocurrency, the Libra, as well as plans by other companies on the so-called stable coins cryptocurriencies, which would be pegged to stable assets, are now sparking major discussions and raising questions, Lithuanian Finance Minister Vilius Sapoka says.

Amid calls by Lithuanian President Gitanas Nauseda to increase public spending on social needs, Finance Minister Vilius Sapoka says the government has already allocated significant funding for poverty reduction in recent years.

With Lithuania considering levying a tax on polluting vehicles in 2020, Finance Minister Vilius Sapoka says both taxes and incentives are needed to encouraged drivers to switch to more environmentally-friendly cars.

Lithuania's Finance Minister Vilius Sapoka has so far declined to say if he plans to continue working in the Saulius Skvernelis government, underlying, however, that the started work needs to be finished.

Nine Lithuanian entities agreed on Monday to cooperate in managing risks in the financial technology (fintech) sector as the country is increasing its presence as a regional fintech hub.

Lithuania's Finance Minister Vilius Šapoka called on the eurozone and the European Union to establish a single anti-money laundering system after a money laundering scandal hit the Swedish banking group Swedbank on February 20.

Technology companies from 14 countries around the world, including Australia, China, Canada, Switzerland and others have established partnership with Blockchain Centre Vilnius (BCV), which was founded just a year ago. In an annual event hosted by the centre on January 23, blockchain technology exper...

The government has taken aim at the informal economy, just as many prior to it has. This time, the construction sector, meat produce trade, healthcare institutions and minor traders are in its sights, lrt.lt writes.

If you think that it is politicians that rule us, you are mistaken. They do not rule, instead they have been bickering for two years, if not over fur coats, then over the budget. And neither the fur coats, nor the budget is theirs. The fur coats belong to Greta, the budget – to Vilius [Šapoka]. As f...

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed to the global provider of equity indexes MSCI for a possibility of assessing the Baltic states not individually, but as a single region in using an industry classification system. The aim is to start a...

Lithuania's government plans to collect around 200 million euros in revenue from the shadow economy next year, the finance minister says.

Lithuanian economy will slow slightly next year but the country will have an accumulated reserve of 1.5 billion euros late next year to be used in times of financial difficulties, Finance Minister Vilius Šapoka says.

Lithuania's government on Tuesday backed the bill on the 2019 state and municipal budget with a 0.4 percent GDP of public finances.

The Lithuanian government will not discuss a draft budget for 2019 this week after the issue was removed from the agenda of the Cabinet's meeting on Wednesday.