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Economy

Lithuanian businesses anticipate another recession?

Some Lithuanian businesspeople have compared 2016 to the situation in 2006, the boom year before the 2008 crash.

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A senior citizen in Vilnius
Economy

Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]