"Preliminary estimates put farmers' losses at over 40 million euros and individual farms are in a difficult financial situation, which makes us think about compensating a certain part of the losses," Agriculture Minister Bronius Markauskas said during the Cabinet's meeting.
"We have information that the European Commission is ready to look for a possibility to help Lithuania and we believe that declaring an emergency situation will facilitate these tasks," he said.
According to the minister, the amount of rainfall in August and September exceeded the long-term average level by several times, flooding over 140,000 hectares of crops and preventing farmers from harvesting up to 50 percent of their crops in individual districts and over 30 percent nationwide.
Prime Minister Saulius Skvernelis said on Tuesday that Lithuania would turn to the European Commission for aid to rain-affected farmers by the end of the week.
The Chamber of Agriculture estimates that farmers' losses may reach over 200 million euros.
More than one-fifth of Lithuania's 60 municipalities have declared an emergency situation due to heavy rains.
The Lithuanian non-bank financial sector is showing maturity: the consumer credit market survey of...
Last year, the rate of enterprise failure decreased by fivefold and credit ratings of companies...
The Lithuanian Parliament (the Seimas) intends to oblige companies employing the disable d to...
On the top floor of a premium shopping center GO9 more than 2,000 square meters co-working space UMA...