EconomyIn the Face of Increased Risks, the ESM Plays an Important Role in Ensuring the Stability of the Euro Area2023-03-27, 16:40in Vilnius, Minister of Finance Gintarė Skaistė had a meeting with the new Executive Director of the European Stability Mechanism (ESM) Pierre Gramegna. During the meeting, the ESM reform was discussed, as well as the role of the ESM financial instruments in the context of increased risks and uncertainty at the level of the euro area. Minister of Finance: "The Highlights of the Package of Tax Proposals Are Convenience, Economic Growth and Fairness"2023-03-24, 16:37The Ministry of Finance presented a package of tax proposals centred on convenience, economic growth and fairness. The presented package of tax proposals, according to Minister of Finance Gintarė Skaistė, aims to create incentives for more convenient tax payment, as well as to encourage businesses to grow and invest in implementing the goals of the green agenda and the development of innovation, while creating a fairer and more balanced tax system. In order to strengthen the representation of Lithuania's economic interests in the strategically important French market, the network of our country's Commercial Attachés in France is being expanded. Otilija Snieškaitė will take up the post of Commercial Attaché of the Republic of Lithuania from today, 20 March. Ministry of Finance: Economy Remains Resilient, Inflation Will Slow Down This Year Faster Than Projected2023-03-22, 12:17Lithuania’s economy continues to demonstrate resilience in the face of challenges. The updated economic development scenario of the Ministry of Finance foresees that economic growth of the country will remain positive this year and will reach 0.5 %. In 2023, the average annual inflation is expected to be lower than projected and to reach 8.5 %. A boost for startups from the €1B economic plan: Lithuania aims to attract an international accelerator2023-03-21, 14:02Lithuania’s Ministry of the Economy and Innovation has initiated a 13-million EUR public tender to attract an internationally-acclaimed startup accelerator to the country. This move aims to better harness the potential of the Lithuanian startup ecosystem. On Wednesday, the Government approved the plan for the preparation of draft financial indicators for the 2024 State budget and municipal budgets. It provides for that this year, the institutions will be consulted earlier on the needs for the functions and activities carried out, thus giving them clarity on financing. Meanwhile, the negotiations on the financing of additional measures are postponed until September, when the latest forecasts of the Lithuanian economy will be available. MEPs want to address the current cost of living crisis with a new law to modernise and strengthen national minimum income schemes in EU countries. Plan "New Generation Lithuania": Over Half a Billion Euros Allocated to Lithuania for the Results Achieved2023-03-16, 16:47The European Commission (EC) submitted an assessment of the first payment request under the plan “New Generation Lithuania”. Indicator 31 consisting of planned reforms and investments was approved. Lithuania will receive over half a billion euros in subsidies for these achievements. Minister of Transport and Communications Marius Skuodis is travelling to Geneva (Switzerland) on Tuesday to attend the World Economic Forum’s Industry Strategy Meeting on 15–16 March to discuss global solutions promoting industrial and transport cooperation, and sustainable development. “LOT Polish Airlines” expands its operations at Vilnius Airport: from the end of March it will add additional flights between Vilnius and Warsaw2023-03-14, 17:57LOT Polish Airlines will add four additional weekly scheduled flights between Vilnius and Warsaw from 28 March, following the current 28 weekly flights between the two capitals. Tickets for the existing and additional flights are already on sale on the airline's official website. |
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