The central Bank of Lithuania has proposed anti-inflationary measures aimed at helping people most affected by rising price. Such measures include a proposed further increase in non-taxable income, state compensations for those who heat their homes with gas or electricity, and potential public transport subsidies. The central bank is suggestingContinue Reading
In a recent interview with Finnish Broadcasting Company (Yle), former Finnish President Tarja Halonen compared the Baltic countries’ accession to NATO in 2004 to Estonia, Latvia and Lithuania belonging to the Soviet Union. “They were used to being part of a collective security system during the Soviet era,” Halonen toldContinue Reading
European leaders have agreed to tighten the existing sanctions against Russia after war in Ukraine, Lithuanian President Gitanas Nauseda says, adding, however, that some EU member states are not yet ready to stop imports of Russian resources. “Yes, we have to admit that some countries are not yet ready toContinue Reading
Natural gas supplies do not constitute a weak point for Lithuania but the country’s dependence on Russian electricity is a major problem, which is why it is necessary to synchronize the country’s electricity grids with those of the West as soon as possible, Lithuania’s European Commissioner Virginijus Sinkevicius has said.Continue Reading
US Chairman of the Joint Chiefs of Staff General Mark Milley stated on Sunday that more US troops would arrive in Lithuania. According to the general, they would be taken from a US brigade of approximately 3,500 troops stationed on NATO’s eastern flank. Additional troops will be deployed as RussiaContinue Reading
Russia’s operation in Ukraine has resulted in the rise of energy resource prices, as gas price soared by nearly 40% and the price of oil reached USD 105 (EUR 94.18) On the day of Russian operation, Thursday, February 24, Brent crude oil price hit USD 105 per barrel for theContinue Reading
“The first column of troops and combat equipment from the US Army’s 3rd Cavalry Regiment crossed the Lithuanian border near Kalvarija at around 3 a.m.,” the Lithuanian Armed Forces said. The troops and equipment, including infantry fighting vehicles, armored SUVs and trucks, will be taking part in the Saber StrikeContinue Reading
No cyber incidents linked to the existing geopolitical tensions in Ukraine have been recorded yet, the head of Lithuania’s national cyber security center says, adding, however, that the danger level in the country has increased. “We have not recorded any specific incidents but the alarm level has gone up. Today’sContinue Reading
The COVID-19 pandemic has already peaked in Lithuania, Health Minister Arunas Dulkys says. “Today, we can truly say, based on the figures, that we have already peaked,” he told reporters on Monday, citing the general COVID-19 statistics. “Despite the fact that the general hospitalization figures continue to growth or theContinue Reading
The Baltic foreign ministers are preparing to travel to Ukraine amid Western concerns that Russia may invade its neighbor, Lithuania’s top diplomat Gabrielius Landsbergis said on Monday evening. “We have tentatively agreed with our Baltic colleagues (…) on our possible visit (to Ukraine) in the near future,” he told theContinue Reading