aA
Lithuanian Farmers‘ Union (Lietuvos ūkininkų sąjunga, LŪS) is encouraging country‘s politicians to pass necessary legislation in order to fully legalize the processing of the industrial hemp. This decision would turn the cultivation and processing of the industrial hemp into a promising agribusiness sector, capable of creating a solid additional value to Lithuanian economy.
A farm of industrial hemp in Lithuania
A farm of industrial hemp in Lithuania
© DELFI / Josvydas Elinskas

Lithuanian Banking Association appeals to EC over new tax

The Lithuanian Banking Association (LBA) has complained to the European Commission over a new tax that...

March inflation provisional estimate at 15.2%

The annual (March 2023, compared to March 2022) inflation provisional estimate calculated based on the...

Bank of Estonia forecasts slight recession for 2023

The Estonian economy is on course for a 0.6 percent recession this year, while economic growth will...

Tez Tour revenue totals nearly EUR 114mn in 2022

Tez Tour saw record results in Lithuania last year, with revenue of EUR 113.8 million, almost twice as...

Economy minister: changes to self-employment taxation should not be discouraging

Minister of the Economy and Innovation Aušrinė Armonaitė says that the Finance Ministry’s...

Top news

Defence Minister rejects claims that countries are profiting from sending military aid to Ukraine

On Tuesday, Politico published an article stating that some EU countries were allegedly questioning...

Seimas speaker: both NATO membership and Alliance itself are more important than ever

On the occasion of the anniversary of Lithuania’s accession to the North Atlantic Treaty...

President: we need to reduce regional inequalities

President Gitanas Nausėda on Tuesday addressed participants of the conference of the Association of...

Head of Central Electoral Commission steps down

Chairwoman of the Central Electoral Commission (VRK) Jolanta Petkevičienė has announced that she is...

Estonian minister: TikTok to be banned on state officials’ work phones

Use and installation of the TikTok app is to be banned from smartphones issued by the Estonian state,...