The Lithuanian Parliament has proposed to tax immovable property worth more that LTL 760,000 (EUR 220,000) by a 0.5 percent rate. This would affect approximately 4,700 Lithuanians. Prime Minister Algirdas Butkevicius says that the tax is aimed only at the rich.

The European Commission signed a new partnership agreement (6 December 2014), involving airlines, airport operators and Air Navigation Service Providers (ANSP). They will receive up to €3 bn in EU funding, in order to implement common projects and modernise Europe's Air Traffic Management (ATM) System.

On 5 December 2014, a Christmas train starts running in the central streets of Vilnius Old Town.

During a second consideration of the improved draft budget for 2015 of the State Social Insurance Fund Board under the Ministry of Social Security and Labor (Sodra), the Seimas approved the document. The Seimas will hold an extraordinary voting on its adoption on 4 December.

Statistics Lithuania informs that an annual publication Elderly People in Lithuania has been released. Lithuania is experiencing population ageing: the number of elderly (aged 65 and older) people and the proportion thereof in the total population annually increases, while the total population decreases. At the beginning of 2014, Lithuania had 2943.5 thousand residents, out of whom 542.7 thousand, or 18.4%, were aged 65 and older.

Soon the municipal elections will take place and mayors will be elected by direct vote for the first time. Thus, the mayor of the city could be selected by a majority of votes already in the first round. This fact scares many politicians, especially the leader of the Conservatives Andrius Kubilius.

Vilnius, Kaunas and Palanga airports begin winter season 2014 with a new direction to Shannon in Ireland, more frequent flights to Moscow and Amsterdam and additional flights during the festive period.

On the first day of 2015, when the euro will be adopted in Lithuania, the country's residents will be provided with opportunities to exchange their currency: apart from the ATM network, it is projected that about 40 commercial bank branches will operate in all counties as well as the cash offices of the Bank of Lithuania – in Vilnius and Kaunas, Lithuania's central bank said.

More and more often Lithuanian businessmen decide to relocate their business abroad. Lithuania is affected by such actions in terms of taxes it loses as they are paid to other countries.

The 2015 Annual Growth Survey (AGS) published by the European Commission today focuses on putting Europe firmly back on a path of sustainable job creation and economic growth. The arrival of the new Commission, with an ambitious agenda for Jobs, Growth, Fairness and Democratic Change, is the right moment to generate a new momentum. By proposing an ambitious Investment Plan to mobilise at least € 315 billion of additional public and private investment over the next three years, Europe is turning a page (Investment Plan press material). This is part of the European Commission's overall approach to support job creation and get Europe growing. As part of this approach, the Commission, in its Annual Growth Survey 2015, recommends pursuing an economic and social policy based on three main pillars: (1) a boost to investment, (2) a renewed commitment to structural reforms and (3) the pursuit of fiscal responsibility.