aA
Lithuania's Prime Minister Saulius Skvernelis has restated plans of raising pensions, if the country's economy grows, adding that this would not depend on political will.
Pensioners
Pensioners
© DELFI / Andrius Ufartas

"We are saying very clearly and I hope that this (the size of pensions) will not depend upon political will, this is linked with the growth of our economy. If the economy continues growing, it will mean we will be able to speak about indexing pensions. If the current processes continue, we could expect to index the pensions and raise them by 23-24 euros, if our gross domestic product grows 2.6-2.7 percent," Skvernelis told journalists at a news conference on Monday.

Last December, the prime minister said the pensions would grow by further 23 euros in 2018, if the state revenue continues swelling.

Average old-age pensions went up by about 20 euros to 287.6 euros in January. Lithuania's government at the end of last year decided to increase pensions in 2018 and 2019 by respective 6.9 percent and 6.8 percent.

|Populiariausi straipsniai ir video

Lithuania's Devold says could make 100,000 medical coveralls by late summer

Norwegian-owned Lithuanian textile manufacturer Devold says it could producer around 100,000...

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Avia Solutions Group bought Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Top news

Entry to all cities and towns to be restricted over Eastern weekend

Entry to all cities and towns in Lithuania will be restricted over the upcoming Easter weekend,...

14th coronavirus death recorded in Lithuania 843 COVID-19 cases detected

A coronavirus -infected person died in Lithuania's northern city of Panevezys on Monday, bringing the...

Ursula von der Leyen. How our Europe will regain its strength

The last few weeks have turned our world upside down. It seems like a lifetime ago that we were going...

Coping with quarantine far from home: how Kenyan student hides from coronavirus in Vilnius

Kenyan student Linah Kitui had never been to Europe before coming to Vilnius this February. A...

New teaching phenomenon – remote learning

As of Monday 30th March, all schools in Lithuania will be teaching and learning remotely, if they...

|Maža didelių žinių kaina