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 […]
The average salary in Lithuania this year will grow by 7% and next year by 6%, according to SEB Bank economist Gitanas Nausėda. The economist said that the wage growth is now especially visible in […]
Lithuania is making the transition from to a developed market-economy capitalism but it is creating negative side- effects, said Robertas Dargis, president of the Lithuanian Confederation of Industrialists. […]
With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament. MPs have submitted several bills suggesting cutting value-added tax (VAT). Some proposals have been discussed more extensively than others, but there is still no clear agreement on a number of points concerning the cuts. […]
Lowering the value-added tax (VAT) rate for all goods and services would be preferable to exemptions on select products, like food, Lithuania’s Finance Minister Rimantas Šadžius. […]
Lithuania scored well on this year’s Economic Freedom of the World index, which put it in the 19th spot, ahead of other Baltic states and many European Union members. However, further advances could be hampered by corruption, says Fraser Institute economist Dr. Robert Lawson. […]
Lithuania has been ranked 19th in the Economic Freedom of the World index ahead of the other Baltic States but well behind other developed counties, according to a US research institute. […]
Investment in residential real estate in Lithuania last year bounced back to levels last seen in 2007, the year before the financial crisis set in, bursting what was then seen as a real estate bubble. […]
A Lithuanian school in Rokiškis, Juozas Tūbelis Pro-gymnasium, is to start teaching computer programming to its pupils in the first grade, in what may be a first in Lithuania. […]
Over the last decade, Lithuanians’ dietary tastes have undergone a major shift and that reflects changes in society as much as changes in taste. […]
The Lithuanian government endorsed a package of measures aimed at cutting alcohol consumption on Monday. It includes alcohol-free zones, and further restrictions on selling hours and on alcohol advertising. […]
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