EconomyAviation Statistics: Passenger Traffic at Lithuanian Airports Continued to Grow in October2025-11-12, 15:51In October, more than 706,000 passengers chose to travel through Lithuanian Airports (LTOU) — a 9% increase compared to October 2024. Passenger numbers grew despite several temporary airspace restrictions introduced above Vilnius Airport and once above Kaunas Airport during the month due to safety measures for passengers and aircraft. In yet another major step to reinforce European security, the European Investment Bank (EIB) is providing €300 million to the Lithuanian government for investments in military infrastructure. The loan marks a strategic milestone in reinforcing the EU’s eastern border, where Lithuania plays a key role in NATO’s collective defence and rapid-response capabilities. Last Friday evening, the international credit rating agency Fitch Ratings reaffirmed the long-term credit rating ‘A’ previously assigned to Lithuania and left a stable outlook. Rail Baltica construction in Lithuania successfully expanded to 114 km section – new contracts worth €376 million signed2025-10-28, 10:07LTG Infra, the infrastructure company of the LTG Group responsible for implementing the international Rail Baltica project in Lithuania, has signed two new construction contracts, successfully achieving its goal of extending the active construction section in Lithuania to 114 km by the end of the year. Individuals, businesses and other organisations purchased defence bonds for EUR 53.4 million during the thirteenth issue placement, where 1465 transactions were concluded. Following the launch of the distribution of defence bonds this year, buyers purchased these bonds for a total of almost EUR 182.3 million through thirteen issues. The State Tax Inspectorate (STI), the main Lithuanian institution responsible for tax administration, signed an agreement with the International Monetary Fund (IMF) on technical assistance to Lithuania in reducing the shadow and value-added tax (VAT) gap and improving tax administration and collection. The Government approved the draft State budget for 2026, which focuses on three priorities: personal income and social security, defence and infrastructure. Ministry of Finance: proposed changes reduce excessive requirements for businesses to receive EU investments2025-10-15, 15:54The Ministry of Finance prepared an updated procedure for project administration and financing, which will allow avoiding excessive requirements and reducing the administrative burden for those private economic entities that implement projects from the funds of the European Union Investment Programme (IP) 2021–2027 and the Economic Recovery and Resilience Plan "New Generation Lithuania". Valstybės investicinis kapitalas UAB successfully redeemed debt securities amounting to EUR 50 million2025-10-08, 10:44On 22 September 2025, Valstybės investicinis kapitalas UAB successfully completed the redemption of bonds in the amount of EUR 50 million in accordance with all the conditions of institutional investors. Non-equity debt securities were distributed in two issues - 30 EUR million were distributed on 15 September 2021 at a yield of 0.045% and EUR 20 million were distributed on 25 November 2021 at a yield of 0.05%. Last week, the Seimas approved the draft Law on the Code of Administrative Offences prepared by the Ministry of Finance, which establishes the administrative responsibility of crypto-asset service providers for the failure to deliver information on their crypto-asset users. Also, the responsibility is tightened for infringements related to delivery of information to the State Tax Inspectorate. |
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