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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? […]

Economy

State reserve to stand at EUR 1.5b late next year, Lithuanian fimin says

Lithuanian economy will slow slightly next year but the country will have an accumulated reserve of 1.5 billion euros late next year to be used in times of financial difficulties, Finance Minister Vilius Šapoka says. […]

International Monetary Fund
Foreign affairs

IMF calls on Lithuania to tackle social disparity, demographic problems

Experts from the International Monetary Fund (IMF) called on Lithuania to address social disparity and demographic challenges as they completed their mission in Vilnius on Monday. […]

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Economy

Lithuania’s minimum wage rises to EUR 400

Lithuania’s minimum monthly wage rose by 20 euros to 400 euros on Jan. 1, 2018. […]

Rokas Grajauskas
Economy

Education reform is key to Lithuania’s economic growth

Lithuania must overhaul its education system and use more high-tech solutions to maintain economic growth in the future, Danske Bank’s chief economist for the Baltic countries said on Thursday. […]