Economist Vilius Šapoka, candidate for Lithuania's new finance minister, has so far refused to elaborate on the possible pension and tax reform, saying that all changes would need to be analyzed.
Vilius Šapoka
© DELFI / Domantas Pipas

"I believe that when it comes to any pension reform, it is an issue of political agreement, it is a common task for the government and the Seimas in search of a common good result for Lithuania. Going further into detail when I'm still a candidate would be theoretical, as you understand," Šapoka told journalists after meeting with President Dalia Grybauskaitė on Friday.

The candidate did not comment on his opinion about the ruling Peasant and Green Union's plans to restructure the residential income tax, which would include the current tax and the mandatory health insurance along with part of the social insurance fees and the pension insurance tax.

Speaking about possible postponement of the enforcement of the new social model, Šapoka said that short-term delay of long-term reforms had no major effect. Nevertheless, in his words, the possibility would have to be discussed with the European Commission.

"I believe that moving the date a month later or earlier in case of long-term reforms has no major effect. We will have to work hard with the European Commission and update it on what and why we are doing and what the objectives are," said Šapoka.

Until the end of this July, Šapoka headed the Financial Service sand Market Monitoring Department at the central Bank of Lithuania.

Prime Minister expects LNG terminal charge to be cut in December

Lithuanian Prime Minister Saulius Skvernelis expects that the Energy Ministry 's row with Achemos...

UK-based tech firm establishing developer team in Vilnius

The rapidly growing UK -based tech firm Velocity Black is establishing a developer team in its...

Central bank has no info on Swedbank's links to Syria's chemical weapons

The central Bank of Lithuania says it has no information to confirm claims by Swedish media about...

Vilnius to buy 50 new buses for EUR 19 mln

Vilnius will buy 50 new low-floor buses for 19.39 million euros from Adampolis , the Lithuanian...

Viciunai establishes enterprise in Tbilisi hoping to double sales

Viciunu Grupe (Viciunai Group), a business group controlled by Visvaldas Matijosaitis, mayor of...