Posts tagged as cut

The Baltics with ships, but without electricity

By Lukas Ramonas on Thursday, July 18, 2019

It became known yesterday that Lithuania will acquire a rescue vessel for the naval forces worth about 40 million euros. “The contract with the winner of the tender for the construction of the vessel is planned to be signed in December of this year,” the ministry said. A preliminary cost – 39.4 million euros. Moreover, electricity in Lithuania went up by 23% to 47.4 euro per megawatt-hour last week. Prices…

President Levits has no other option but to promulgate tax cut on strong alcohol due to bill’s urgency

Thursday, July 11, 2019

President Egils Levits has no other option but to promulgate the legislative amendment reducing excise tax on alcohol by 15 percent because Saiema has decided to adopt the bill in a fast-track procedure. Dina Meistere, head of the Saeima Legal Office, told LETA that since the parliament has assigned the bill urgency status by at least two thirds of votes, the president cannot request reconsideration of the bill and has…