No Picture
CORPORATE

Economist Vytenis Šimkus: how much might Brexit cost Lithuania?

The mists over the future of UK – EU relations currently still lingers. It appears that Theresa May’s cabinet is starting to completely lose control of the situation. According to political experts, the agreement she has obtained has practically no chance of receiving support in the UK’s House of Commons. The European Court of Justice introduced even more uncertainty on Monday, by declaring that the UK can unilaterally cancel the Brexit process, economist Vytenis Šimkus writes on lrt.lt. Currently all the scenarios are plausible, but what could each of them means for the Lithuanian economy? […]

No Picture
Politics

Lithuanian govt to promote diesel restrictions in major cities

Lithuania’s government plans to encourage major cities to restrict movement of diesel cars as of 2020 to fight negative climate change consequences. […]

International Monetary Fund
Foreign affairs

Lithuanian PM to present structural reforms to IMF mission

Lithuanian Prime Minister Saulius Skvernelis will present his government’s planned structural reforms to an IMF mission finishing its work in Vilnius on Monday. […]

Saulius Skvernelis
Economy

PM says minimum wage to grow moderately, not to harm economy

Lithuanian Prime Minister Saulius Skvernelis says that the minimum wage will grow moderately next year and will not have an adverse effect on the country’s competitiveness. […]

Christoph Klingen
Economy

Lithuania must reform education system to catch up with Western Europe – IMF

Lithuania’s near-term economic outlook is positive, but there are doubts if the country will manage to catch up with Western Europe in the longer term, the head of the International Monetary Fund‘s mission to Lithuania said Vilnius on Monday, underlining the need for structural reforms and, in the education system, for consolidation of institutions and more flexible programs. […]