Economy

President: coronavirus crisis removes businessmen's masks

The state is ready to increase its debt to rescue the economy, Lithuanian President Gitanas Nauseda says, also adding that businessmen also need to be...

Higher demand pushing food prices up

The prices of some food products have gone up in recent days after Lithuania was placed under quarantine and people started panic-buying and stockpiling.

Parliament lets state borrow up to EUR 5.4b

The Seimas of Lithuania has on Tuesday increased the state's net borrowing limit from 904.6 million to 5.4 billion euros as additional funds are necessary to...

Central bank: economy will contract at least 1.2 pct this year due to coronavirus

Lithuania's economy is set to shrink at least 1.2 percent this year due to the coronavirus , economists from the country's central Bank of Lithuania...

Help for business: tax breaks and economic stimulus package in plan

As Lithuania is set to introduce quarantine over the coronavirus , the country's government has vowed to endorse an economic stimulus and business...

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