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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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CORPORATE

Reforming Lithuania’s Labour Code: The battle between capital and labour over shrinking profits

Discussions surrounding Lithuania’s Labour Code reform is part of the global trend where capital is challenging workers’ rights and pushing to transfer all risks associated with business cycles onto labour, according to a Linköping University professor who analysed the discourse of both the advocates and opponents of the reform. […]

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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. […]

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CORPORATE

Brussels forecasts slower growth for Lithuania

Lithuania’s economy will grow, but at a slower pace than predicted, according to European Commission forecasts with GDP growing by 3.1% in 2017 instead of the 3.4% previously predicted. However, the Commission said Lithaunia‘s economy […]