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October 22, 2026

Lithuania: Economist warns golden age may end — FrontPages.eu, October 22, 2026

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Thursday, October 22, 2026

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Prime Minister Mindaugas Sinkevičius has declared the government stable, informing critics in both the opposition and his own coalition that Finance Minister Taurimas Valys retains his trust. The endorsement comes as the ministry prepares to adjust tax rates and find ways to expand the budget, though Sinkevičius promised that any new taxes on alcohol, tobacco, and gambling will not be introduced in a hurry. The political tension coincides with a more sober economic outlook. Local economists have begun expressing concern that the country's 'golden age' of growth is ending, pointing to a housing market where forecasts now suggest a decline in affordability. While wholesale leaders still plan to expand, they are doing so while citing a growing list of threats to the bottom line. Elsewhere, teachers are facing a new set of regulations and 'strict limits' on their duties. At the border, guards turned back 31 people attempting to enter from Belarus, and the foreign ministry issued a brief update on citizens currently missing in Iran.

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Prime Minister Mindaugas Sinkevičius has expressed his continued trust in Finance Minister Taurimas Valys, emphasizing the stable work of the entire government, despite criticism from both opposition and coalition members. The Prime Minister also stated that decisions on higher taxation for tobacco, alcohol, and gambling will not be made quickly, and that he has assurances that all defense funding will be utilized. Meanwhile, the Finance Minister is considering proposals for tax adjustments.

LRT: PM Sticks by Minister Amid Criticism

Despite criticism from both the opposition and coalition members towards Finance Minister Taurimas Valys, Prime Minister Mindaugas Sinkevicius stated he continues to trust him and the entire government is working stably.

15min: Interview with Mindaugas Sinkevicius: 'A plan is being prepared to supplement…

Mindaugas Sinkevičius discusses a prepared plan aimed at increasing the Lithuanian budget.

15min: Prime Minister: Decisions on higher taxation of tobacco, alcohol, and gambling…

The Prime Minister stated that decisions regarding increased taxes on tobacco, alcohol, and gambling will not be made rapidly.

15min: Minister: We are considering proposals for tax adjustments, but it will take…

A minister indicated that proposals for tax adjustments are under consideration, but the process will require time.

15min: Prime Minister: I have the minister's assurance that all defense funding will…

The Prime Minister stated that he has received assurances from the minister that all allocated defense funding will be put to use.

An economist has expressed significant concern about the impending end of Lithuania's 'golden age,' hinting at future economic challenges. This sentiment is echoed by forecasts predicting a cooling housing market due to declining affordability, while leaders in the wholesale trade sector are preparing for growth but also anticipating numerous threats.

Lrytas: Golden Age in Lithuania to End - Economist Expresses Open Concern

An economist expresses significant worry about the end of Lithuania's "golden age," hinting at future economic challenges.

Verslo žinios: Wholesale Trade Leaders Aim to Grow Despite Risks

Leaders in the wholesale trade sector are determined to grow but are also anticipating numerous threats.

Verslo žinios: Housing Market to Cool Due to Declining Affordability

A forecast suggests the housing market will cool down in the near future due to a further decline in affordability.

New regulations and duties are being prepared for teachers, with discussions indicating the introduction of strict limitations.

Delfi: New Rules and Duties for Teachers: Strict Limits Mentioned

New regulations and duties are being prepared for teachers, with talk of strict limitations.

The Ministry of Foreign Affairs Chancellor has provided the latest information regarding Lithuanians who have been reported missing in Iran.

Delfi: Chancellor Gives Latest Update on Lithuanians Missing in Iran

The Ministry of Foreign Affairs Chancellor has provided the most recent information regarding Lithuanians who have gone missing in Iran.

A statement made by Sviatlana Tsikhanouskaya regarding the Lithuanian language is undergoing critical analysis for its accuracy and context.

Lrytas: S. Tsikhanouskaya's Statement on Lithuanian Language Under Scrutiny

Sviatlana Tsikhanouskaya's remarks regarding the Lithuanian language are being critically analyzed for their truthfulness and context.

A 16-year-old motorcyclist tragically died near Vilnius after a collision with a car that reportedly failed to yield.

Lrytas: Teenage Motorcyclist Dies in Collision Near Vilnius

A 16-year-old motorcyclist was killed near Vilnius after colliding with a car that allegedly failed to yield.

Thirty-one undocumented migrants, attempting to enter in two separate groups, were turned back at the border with Belarus.

15min: 31 illegal migrants turned back at the border with Belarus

Thirty-one undocumented migrants attempting to enter in two groups were turned back at the border with Belarus.

Information has been released concerning the newly appointed coach of the Lithuanian national football team.

15min: Facts about the new coach of the Lithuanian national football team

This story presents facts related to the newly appointed coach of the Lithuanian national football team.

The Registry Center is in the process of gradually restoring its services.

Verslo žinios: Registry Center Restores Services; Finance Minister Considers Tax Adjustments

The Registry Center is gradually restoring its services, while the finance minister stated that tax adjustment proposals are being considered.

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