Lithuania's government is starting discussions on the country's 2019 budget as the document will be submitted to ministers during a Cabinet meeting on Wednesday.
Vilius Šapoka EN
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The Seimas opposition blocked on Thursday the ruling bloc's unexpected proposal to give the greenlight for the government to borrow money not only for increasing the defense budget, but also for providing funding to the Lithuanian Social Democratic Labor Party (LSDDP).
The Lithuanian government has asked the parliament to allow it to borrow funds to increase defense funding and thus meet NATO's 2 percent of GDP spending target.
Lithuania's image on the international scene is promising: in 2017 alone, 35 fintech companies were established here, and a few weeks ago the 16+1 Heads of Government of China and the countries of Central and Eastern Europe agreed to set up a financial technology coordination centre and organise a h...
Reduction of administrative burden on investment funds and more favourable environment for their activities in Lithuania, and at the same time, creation of better possibilities of business financing and greater opportunities for investors is the main goal of the draft laws on collective investment u...
Today 8 countries of the EU have expressed united position on creation of the single capital markets union. It will contribute to sustainable growth of economics, stability of the financial system and diversity of sources for funding of business within the EU. The statement has been signed by the mi...
Lithuania and another seven Northern European countries are urging the European Union to take more decisive action to build a single capital markets union in an effort to increase non-bank financing opportunities for businesses.
The Lithuanian government may take decisions on a car tax in the fall in an effort to tackle the pressing problem of pollution and encourage motorists to choose less-polluting vehicles, Finance Minister Vilius Šapoka said on Thursday.
In the meeting of heads of Governments of China and the Central and Eastern European countries 16+1, wherein Lithuania was represented by Vilius Šapoka, the Minister of Finance, it was agreed to establish a financial technologies coordination centre of 16+1 format in Vilnius and to organize high-lev...
Arūnas Adomėnas, director general of Lithuania's Customs Department, has stepped down.
Lithuania has to ensure technological progress and innovation to avoid falling into a middle-income trap, a senior European Commission (EC) official said on Wednesday.
A sudden drop in the European Union's cohesion support is raising the possibility of Lithuania getting into the middle income trap, Lithuanian Finance Minister Vilius Šapoka says.
Lithuania is not sure about the benefit of a common eurozone budget that Germany and France agreed to set up this week, Finance Minister Vilius Šapoka said.
The Lithuanian parliament's Committee on Social Affairs and Labor on Wednesday approved of a ceiling on employees' contributions to the state social insurance fund Sodra, back-pedaling on a decision to oppose the measure it took last week.
Lithuanian Finance Minister Vilius Šapoka says he sees no major risks after central government and municipal budget revenues for January to May fell short of the projected levels.
A three-year tax overhaul plan, proposed by the Lithuanian government is aimed at increasing income for low and middle earners, as well as stepping up fight with shadow economy, Finance Minister Vilius Šapoka says.
Lithuania supports measures that are currently being discuss in the European Union to improve cooperation in countering VAT fraud, Finance Minister Vilius Šapoka said on Friday.
Experts from the International Monetary Fund (IMF) called on Lithuania to address social disparity and demographic challenges as they completed their mission in Vilnius on Monday.