The Seimas closed its spring session, which had started on 10 March 2020. This year, the session was held under extraordinary conditions because of the coronavirus. The number of plenaries exceeded the planned figure and […]
The post-financial crisis period of 2010-2019 proved that the Baltic economies are able to cope and recover from large economic downturns successfully. During this period, the Baltics have seen growth in private capital manager’s activity, […]
Nordic-Baltic business law house Fondia prepared an analysis of government aid for business and individuals in several countries. It turned out that state aid for economy correlates directly with the tax burden, calculated as a […]
Caught by the coronavirus pandemic, many governments are quickly reorienting themselves towards what was previously viewed as a utopian experiment – universal basic income. This idea now seems to be one of the few valid […]
Paupys Market, a new centre of attraction for Vilnius residents and guests, will open this autumn in a reviving district of the Old Town of Vilnius. The architectural studio Plazma, which is involved in the […]
The system of bottle deposit, which was imposed three years ago gave people something they had waited for a long time – a possibility to sort beverage packaging. The long-term experience of rich countries could […]
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 […]
Strong Lithuanian economy growth was impressive, it expanded 3.9% annually in this first quarter of 2019. Meanwhile, season and calendar adjusted quarterly growth stood at 1%, Swedbank announced. Lithuanian economy growth was supported by very […]
When it comes to the labour market in Lithuania, now the employees are calling the shots, while most employers need to compete to attract and retain talent. In the sellers’ market, employers should not approach hiring like courting – instead of trying to find Mr or Ms Perfect, they should settle with an acceptable candidate and then invest into developing them into a perfect fit for the company, is the advise offered by recruiting specialists from Lithuania’s biggest recruitment and HR agency at their monthly EBN business breakfast. […]
Lithuania’s Prime Minister Saulius Skvernelis has restated plans of raising pensions, if the country’s economy grows, adding that this would not depend on political will. […]
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. […]
The new Minister of Energy Žygimantas Vaičiūnas does not deny the possibility that in negotiations to disconnect from the so-called BRELL ring there could be tensions, but states that Russia understands the goals of Lithuania and other Baltic States perfectly well. […]
Jonava District Mayor Mindaugas Sinkevičius, candidate for Lithuania’s economy minister, says one of his main priorities would be preparations for the decline in European Union (EU) support after 2020. In his words, the country should reinforce its economy to cushion the shock. […]
One of the winners of the Seimas elections, the Lithuanian Peasant and Greens Union (LVŽS) stresses its support of a social market economy. Their programme contains a number of proposals that can be seen as […]
Some Lithuanian businesspeople have compared 2016 to the situation in 2006, the boom year before the 2008 crash.
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The United Kingdom‘s decision to leave the European Union will directly and indirectly affect Lithuania’s economy, the country’s new minister of finance said on Wednesday.
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The accelerating rate of Lithuanian wage growth has not been met with an increase on labour productivity and the Bank of Lithuania says this could be a problem for the country’s economy. Labour productivity has […]
The black economy in Lithuania is estimated to be worth more than €9 billion, or more than one billion euros more than the country‘s budget this year, which includes EU funding and other international supports. […]
The European Union‘s internal market offers the best business opportunities for Lithuanian exporters, said Dr. Marius Jung, economist at Coface, at the annual Business Risk Conference. “While growth in the region is slow and there […]
The IMF has said Lithuania needs to tackle skills shortages and mismatches between training and education and the demands of the market to drive economic growth and development. “Skills’ mismatch and skills’ shortages in Lithuania […]
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