Posts tagged as cut

Lithuania may cut self-isolation period

Thursday, August 27, 2020

Lithuania’s government will consider shortening the period of mandatory isolation for those returning from coronavirus-affected countries, Prime Minister Saulius Skvernelis said on Wednesday. People must now self-isolate for two weeks when returning from countries on the Health Ministry’s list of coronavirus-affected states. According to the prime minister, a test for Covid-19 will still be required. Recently, the Latvian Health Ministry said it may order a 14-day mandatory isolation for Lithuanian…

Lithuanian employers vow not to cut wages, if income tax is reduced

Monday, May 25, 2020

Employers in Lithuania pledged not to cut wages if the parliament reduces the income tax rate from 20 to 15 percent, and increase non-taxable income by 50 euros. The memorandum was signed by the Infobalt association, the Investor’s Forum, the Lithuanian Confederation of Employers, the Lithuanian Confederation of Industrialists, the Lithuanian Association of Chambers of Commerce, Industry and Crafts as well as the Lithuanian trade unions Solidarumas and Sandrauga. The…

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…