Lithuania plans to dramatically increase defense spending to 5-6 percent of its GDP by 2026 citing the persistent threat of Russian aggression

Lithuania plans to dramatically increase defense spending to 5-6 percent of its GDP by 2026, citing the persistent threat of Russian aggression

The European Union has until Friday to tell the World Trade Organization whether it intends to resume its legal action against Beijing over the alleged coercion of EU member state Lithuania in 2021 after a blazing row over Taiwan.

Lithuania's president says his country has made the decision to raise its spending on defense to between 5% and 6% of overall national economic output starting in 2026.

Lithuania plans to increase defense spending to deter potential threats from Russia after US President-elect Donald Trump urged European allies to boost funds for the military.

Difficult times require bold decisions [and] leadership. We call on our allies to follow this lead,” says Baltic nation’s Foreign Minister Kęstutis Budrys.

Lithuania's president says his country has made the decision to raise its spending on defense to between 5 and 6% of overall national economic output starting in 2026

Lithuania (A2/A/A) crunched pricing on Tuesday for its euro Reg S dual trancher to levels offering little to no new issue premium, according to a syndicate banker on the deal, as the market remains buoyant after US president Donald Trump’s inauguration the day before.

Lithuania plans to increase its defence spending to 5-6% of its national economic output by 2026, becoming the first NATO nation to meet this target. The move, announced by President Gitanas Nauseda,

President-elect Donald Trump is now TikTok’s best chance at staying operable in the US, after he pledged to seek reprieve for the social media app. It follows a brief shutdown on the back of a national security law enacted by the Biden administration.

Lithuania has decided to raise its spending on defense to between 5% and 6% of overall national economic output starting in 2026 due to the threat of Russian ag