Balance Sheet and Interest Rates of Monetary Financial Institutions, December 2022

The Commission presents an initiative to further strengthen and promote social dialogue with concrete actions at national and EU level. It renews our strong commitment to social dialogue as a cornerstone of the EU social market economy and its competitiveness. The initiative empowers social dialogue to adapt to the changing world of work and new trends on the labour market, against the backdrop of the transitions to a digital and climate neutral economy and the emergence of new forms of employment.

LTG Infra, the company implementing the Rail Baltica project in Lithuania, has announced a tender for the infrastructure of the Kaunas passenger station territory. In the coming days, the design tender for the railway infrastructure of regional stations in Kaišiadorys and Vievis will be announced. The contracts with the winning tenderers are planned to be signed in the second quarter of this year.

After deliberations, the City Council of Vilnius adopted the 2023 capital city budget comprising EUR 1.205 billion, 16.9% more than last year. The main focus will be on expanding the school network and public spaces for recreation, investing in the quality of public transport, and creating new cycling and walking paths.

On Tuesday, MEPs backed plans to secure the EU supply of chips by boosting production and innovation, and setting up emergency measures against shortages.

The Ministers of Transport of the Baltic States met in Tallinn on Monday and agreed to strengthen cooperation to improve mutual and international logistics links, and to discuss the possibility of launching passenger train services between the Baltic capitals. They also agreed to speed up the implementation of the European railway Rail Baltica. Lithuania, Latvia and Estonia will work together to develop the North–South Transport Corridor with the aim of creating an additional transport link with Ukraine.

President Gitanas Nausėda met with Jared Cohen, President of Global Affairs and the member of the Management Committee at Goldman Sachs, the world’s leading financial company, at the Davos World Economic Forum.

Finnish airline “Finnair” is expanding its operations at Vilnius Airport and increasing the frequency of flights between the capital cities of Finland and Lithuania. From the beginning of this year's summer season, the number of flights between Helsinki and Vilnius will increase to 26 flights per week, and from 1 May, flights will be operated up to 4 times a day.

The strategic priorities of Lithuanian Airports for 2023 include the construction of the new Vilnius passenger departure terminal, the expansion of the northern apron of Kaunas Airport and an analysis of the possibilities for the expansion of the passenger terminal of this airport. According to the CEO of Lithuanian Airports, this year the aim will be to continue the rapid growth rates of aviation indicators and to develop a new flight incentive model in priority destinations.

The Bank of Lithuania published the balance of payments for November 2022, which shows that: