The Lithuanian parliament on Thursday opened debates on the country's draft 2017 budget and will send the document back to the government for improvement after discussing it.
In the Seimas
© DELFI / Šarūnas Mažeika

The bill is to return to the Seimas for a second deliberation by December 18. The parliament will then set a date for when the bill will be put to a vote, which is normally done at one of the nearest sittings.

The new government of Prime Minister-designate Saulius Skvernelis is likely to somewhat adjust the draft budget to reflect a possible delay in the implementation of the so-called social model, a package of legislation on structural labor market and social reforms.

The current bill projects a general government deficit of 0.8 percent of GDP in 2017.

Executives of two dairies slapped with fines for market abuses

The board of the Bank of Lithuania has imposed a fine of 200,000 euros on Linas Strelis, a member of...

Telecoms operators watching situation regarding Huawei

Following Google 's announcement that it has severed relations with Huawei , seen by Washington as a...

Swedbank's pension funds invest EUR 200 mln into sustainable business

Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth...

Belarus complains: Lithuania's blocking Minsk-EU agreement

Belarusian representatives complained in Brussels last week that Lithuania is blocking the...

New trends in startup world: unicorns' aspiration is not key anymore

The question when the first unicorn with over 1 billion of US dollars in value will appear in the...