Economy

Tax burden influences economic state aid

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 […]

Economy

Strong Lithuanian economy growth despite Euro area weakness

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 […]

Ambassador of the Czech Republic to Lithuania, Bohumil introduces the speakers  at the EBN HR presentation Photo © Ludo Segers @ The Lithuania Tribune
Economy

Lithuania’s shrinking working population and the war for talent

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. […]

Mindaugas Sinkevičius
Economy

Candidate for Minister of Economy plans to ready for end of EU support

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. […]

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CORPORATE

Lithuania‘s black economy ‘is bigger than entire state budget’

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. […]