After Lithuania’s parliament on Tuesday improved the new Labour Code to take effect in July, no changes are expected in the sense of flexibility of labour relations, economists say, adding that the initial ambitious plans of liberalizing labour relations has been downgraded into a reflection of the actual situation on the labour market. […]
Although, the value added tax (PVM) exception was eliminated with an easy hand. It would appear that the same hand is not in a hurry to remove the benefits and/or reduce them in regards to […]
While sociologists are painting a dark scenario for Lithuania because of massive emigration, talks in society are still going on about how to bring back emigrants. However, what would happen if all emigrants, about half […]
Social and economic inequality is a painful topic for any society facing the effects of globalisation. In recent years inequality has separated the Lithuanian capital from the rest of the country. Potential solutions were discussed […]
A thousand euro sounds solid. That is how much politicians promised prior to the Seimas elections and this is how much the Latvians declared they would reach by 2020. However Lithuanian economists are optimistic, Lithuania […]
A growing economy not only strengthens a country‘s image abroad, but also means better living conditions for its people. Lithuanian economists predict that this year the Lithuanian economy will grow far more rapidly than last year. Exports, however, will not be the main factor of this. […]
Danske Bank‘s chief economist for the Baltic countries believes that Lithuania’s incoming government should give priority to reforming the country’s education system in order to improve the situation in the labour market and help ensure sustainable economic growth, but he warns that possible differences in opinions between the ministry and the Seimas may prevent major changes from occurring. […]
The total debt of Lithuanian companies at the moment is around a billion euro. The level of debt is however decreasing, while crediting conditions and business liquidity have been improving, suggesting the beginning of a […]
A radical transformation of the education system in Lithuania is needed to narrow the wage gap between Lithuania and other European countries, according to Rokas Grajauskas, chief economist for the Baltic countries at Danske Bank, writing in Lietuvos Žinios. […]
Lithuanian economic growth this year has been the slowest among the Baltic countries, but analysts at Danske Bank predict that the country’s gross domestic product growth next year will be faster than in Estonia and, in 2017, will bypass Latvia as well. […]
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