Vilius Šapoka EN

Lithuania open to discussion on euro area budget, finance minister

Lithuania is open to discussions about the French president's proposal to establish a position of the euro area finance minister and develop a separate...

Lithuania won't have to revise budget due to reduced VAT on heating - Finance Minister

After Lithuanian politicians have reached agreement on reintroducing a reduced VAT rate for district heating, a lower rate will likely start to be applied...

Lithuania scraps reduced VAT on heating, hot water

Lithuania's value-added tax rate on district heating and hot water supply increases starting on Thursday, from the reduced 9 percent rate to the standard...

Lithuania must reform education system to catch up with Western Europe - IMF

Lithuania's near-term economic outlook is positive, but there are doubts if the country will manage to catch up with Western Europe in the longer term, the...