Lithuanian govt endorses economic stimulus plan, calls against job cuts

  • 2020-03-16
  • BNS/TBT Staff
VILNIUS – The Lithuanian government on Monday endorsed a package of economic measures, worth 5 billion euros, to mitigate the negative impact of the coronavirus-sparked crisis for businesses and workers. Meanwhile, the central Bank of Lithuania announced its estimate that the country's economy is likely to shrink at least 1.2 percent this year due to the virus. Following the plan's approval, Prime Minister Saulius Skvernelis called on businesses not to sack people but make use of compensations measures. The plan includes...
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