Cabinet takes summer break as defense tech receives major boost
Get European news in your inbox daily
A short daily digest of the whole continent — or just the countries you care about.
Check your email. We've sent a confirmation link — click it to complete your subscription.
Lithuania's political landscape is marked by a significant number of government ministers embarking on summer holidays shortly after their term began, signaling a swift transition to vacation for officials. This comes amidst ongoing internal party discussions, with Social Democratic Party member Kęstutis Vilkauskas clarifying a past blunder to his party's leadership. Meanwhile, Mindaugas Sinkevičius has been appointed as the new Prime Minister, leading a coalition government comprising the Social Democratic Party of Lithuania, the Union of Democrats "For Lithuania," and the Lithuanian Farmers and Greens Union.
Economically, the country is grappling with discussions around the future of pensions, with Dundulis suggesting that citizens may need to work longer to avoid significantly reduced pension values. Despite this, a surprising shift in public sentiment is observed, potentially benefiting the economy, even as the preliminary annual inflation rate for July stands at 5.6%.
In other notable domestic news, the European Investment Fund has allocated 8.88 million euros to companies developing defense technologies, bolstering national security capabilities. Preparatory work has also begun for the southern breakwater construction at Klaipėda port, indicating significant infrastructure development. Additionally, Mindaugas Balciunas' plan has stirred controversy, potentially impacting basketball in Alytus.