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The Seimas Committee on Budget and Finance will request President Dalia Grybauskaitė to answer questions on the financial crisis. She will be sent questions about the actions of commercial banks and the Bank of Lithuania by committee chairman Stasys Jakeliūnas. Former Prime Minister Andrius Kubilius...
With no major EU aid likely to be provided to Lithuania after 2020, the country should take efforts to ensure that the available European funds yield a return for the state, Rimantas Šadžius, a former finance minister and now a member of the European Court of Auditors (ECA), said.
Artūras Zuokas, the leader of the opposition in the Vilnius city council, has called for an investigation into malfeasance by ministers of finance in Lithuania.
Rasa Budbergytė, Lithuania’s former representative at the European Court of Auditors, has been appointed as the country’s new finance minister. To read this article, try a €5.99 monthly subscription by clicking here.
The European Parliament's (EP) Committee on Budgetary Control on Monday gave a go-ahead to appointing Lithuania's Finance Minister Rimantas Šadžius as member of the European Court of Auditors.
Lithuanian Finance Minister Rimantas Šadžius says that the government could finish the year with extra funds in the state coffers.
Lowering the value-added tax (VAT) rate for all goods and services would be preferable to exemptions on select products, like food, Lithuania's Finance Minister Rimantas Šadžius.
The currently existing value-added tax (VAT) of 21 percent can stand to be reduced, believes Prime Minister Algirdas Butkevičius.
Lithuania's Prime Minister Algirdas Butkevičius has named Rasa Budbergytė as the candidate to replace Finance Minister Rimantas Šadžius.
The Electoral Action of Poles in Lithuania (EAPL), a political party representing Lithuania's Polish minority, has suggested implementing new taxes on bank assets and major retail chains' turnover based on similar moves in Poland.
Lithuania has been commended by the Eurogroup, the meeting of eurozone's finance ministers, for its efforts to cut budget deficit and rein in public spending, says Finance Minister Rimantas Šadžius.
Lithuanian economists have criticized the government's "inaction", saying that the country's economy have grown despite rather than because of its economic policies. However, challenges loom ahead.
Finance Minister Rimantas Šadžius is stepping in as acting head of the Ministry of Healthcare until a replacement for Minister Rimantė Šalaševičiūtė is found. The prime minister has said he has two candidates in mind, but would not reveal the names before the end of February.
About one tenth of all Lithuanian bank accounts will be scrutinised by the State Tax Inspectorate under a new law that requires banks to share information about depositors with tax authorities.
