Lithuania’s president suggested the Baltic nation could tap its foreign currency reserves to fund a boost in defense spending to more than 5% of economic output.

VILNIUS - President Gitanas Nausėda is set to table legislative amendments to increase the share of profit that the Bank of Lithuania transfers to the state's coffers, as part of efforts to boost ...

Lithuania established its 1st Division during a ceremony in Rukla on 28 January. The formation will consist of the Lithuanian ...

Lithuania’s reserves — worth about €7.2 billion as of December — can serve their purpose as a liquidity buffer in cases of emergency if they’re used for the nation’s defense, he said.