In Lithuania, the very high inflation in 2022 is due not only to the rapid increase in energy commodities but also to a significant increase in food and beverage prices. In Lithuania, food and beverage […]
Already a few weeks ago, from moods in the financial markets, it could be predicted that the EU stimulus plan will be approved. Just there were questions on its nuances: how much funding will be […]
For the first time in thirty years, Lithuania’s migration balance is positive. This is indicated by results from the first half of the year and a positive balance is predicted for the entire year of […]
New proposals from President Gitanas Nausėda on how to reduce social poverty and improve demographic conditions have been met with criticism from economists. They believe that G. Nausėda’s proposals do not appear responsible and have […]
According to the affordability of goods and services in 2018, Lithuania lies ahead of many EU countries, the newest EU survey data says. However, Lithuanians are not rushing to celebrate; they say that the prices […]
Luminor economists forecast economy to grow at 2.7% next year in Lithuania, as external economic environment is expected to deteriorate. The GDP growth will be detained by increasingly active seismic zones in global macroeconomic landscape. Economists suggest that in the eve of cyclical slowdown, three ideas could help to prepare for slowdown, a press release from Luminor states. […]
In the wake of a long period of economic growth, savings have gone up – but so has indebtedness. A growing number of people are struggling: every fifth European needs to borrow in order to pay bills. That group has increased from 15% three years ago to 20% this year. In the Baltics, the situation differs from country to country. Every third Latvian has borrowed money to pay bills. In Lithuania, the situation is comparable to the EU average (19%), while in Estonia the numbers are relatively low and only 12% of consumers have borrowed money in the last 12 months in order to pay bills. […]
Recently a positive trend can be observed in Lithuania – we are increasingly frequently hearing about factories being established in the country, about their development and new foreign investors. Experts are celebrating that the construction […]
Asylum seekers are not allowed to take up jobs or start businesses in Lithuania until they have been granted temporary or permanent residence, but international and some local experts say that changing the rules would benefit the economy and refugee integration, the daily Lietuvos Žinios reported on Thursday. […]
So far, Lithuania has been one of the European Union member states, which received more than it paid into the common budget. This situation should continue in the next financial cycle, however after it, Lithuania’s […]
For the first time since 2004, this May there were more arrivals in Lithuania than departures, but Lithuanian emigration remains larger than re-emigration, lrt.lt writes. Sociologist Vlada Stankūnienė says that there is nothing to celebrate […]
Lithuanian economists and trade union officials say that the government’s planned tax and pension system reform unveiled on Monday will lead to a rise in wages, but will not help to drastically curb emigration. […]
Many ordinary people, businessmen and a lot of employees of the State Tax Inspectorate (STI) are convinced that taxes in Lithuania are unfair and justify not paying them. Lithuania seeks to become a member of […]
If we were to measure quality of life based on GDP per capita, Lithuanians would have nothing to complain about. At least this is what economists from the bank Luminor state in their newest review […]
Economists have evaluated the proposed tax rework – those earning the least will benefit, while there will be no impact on everyone else. The commenters were unwilling to describe the changes as reform. The majority […]
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 […]
All NATO members are united in an agreement to dedicate 2% of their GDP to defence spending. Lithuania, which has long not upheld this, has finally begun to increase spending. However an economist points out […]
Car rent, hidden relations, furs and an expensive designer coat, national costumes, a grand piano in Seimas, opposition to anti-violence against children legislation and an attempt to change the in vitro fertilisation legislation which was […]
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 […]
After the Lithuanian environment minister initiated restructuring of state forests, analysts say the country’s 42 state forest institutions should be restructured within the coming two years, as otherwise the reform may be left unimplemented. […]
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