Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Lithuania to allocate 5-6% of GDP for defence in 2026-2030, foreign minister says

Finance

Lithuania to allocate 5-6% of GDP for defence in 2026-2030, foreign minister says

Published by Global Banking and Finance Review

Posted on January 17, 2025

Featured image for article about Finance

VILNIUS (Reuters) - Lithuania has committed to allocating 5% to 6% of its GDP for defence between 2026 and 2030, its foreign minister said on Friday.

"Difficult times require bold decisions and leadership. We call on our allies to follow this lead. The era of passive 'sit-and-wait' strategies is over", Foreign Minister Kestutis Budrys wrote on social media platform X.

(Reporting by Andrius Sytas, editing by Stine Jacobsen and Louise Breusch Rasmussen)

More from Finance

Explore more articles in the Finance category

UK competition watchdog to probe AB Foods' Hovis purchase

Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

Analysis-Spanish consumer credit hits near 18-year high on economic boom

NATO sees positive signs Czech ammunition scheme for Kyiv may continue

Maersk tests Red Sea route as Gaza ceasefire offers hope

Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

French court rules against Shein suspension over sex doll sales, government to appeal

No drop in military aid to Kyiv since US policy shift, NATO official says

How is Britain's government doing on its housing targets?

Factbox-What are shipping companies' plans for return to Suez Canal?

Big central banks signal rate-cut cycle is ending

Embraer's Eve makes maiden flight of 'flying car' prototype

View All Finance Posts