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Economy

Lithuania’s immigration reform scares away investors, but attracts local employers

On 26 June 2014, the Republic of Lithuania Law on the Legal Status of Aliens was revised with amendments. The purpose of these amendments is to get rid of bureaucratic barriers that hinder the employment of foreign specialists of high professional qualification in Lithuania. At the same time, the amendments seek to limit the establishment of fictitious companies that are set up with the aim of obtaining permits to temporarily reside in the country. […]

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Society

Lithuania lost over 12 percent of population in under a decade

Statistics Lithuania informs that, at the beginning of 2014, the estimated population of Lithuania stood at 2943.5 thousand, i.e., 28.4 thousand (1 percent) below what it was at the beginning of 2013. In 2005-2013, the population declined by 411.7 thousand, or 12.3 percent. […]