Money
CORPORATE

President signs 2017 state budget

President Dalia Grybauskaitė signed under the 2017 state budget project which already passed in Seimas. […]

Tomas Tomilinas
Economy

Seimas to decide on postponing enforcement of some social model laws by 6 mos

Lithuania’s parliament has approved for discussion amendments, which suggest postponing the enforcement of some of the laws of the social model, which includes the new Labour Code, until July 1 of 2017, which would allow saving about 80 million euros. […]

Tomas Tomilinas
Economy

Employers suggest written pledge to raise wages for Labour Code

Lithuanian employers are considering a possibility of a public pledge to raise wages in exchange of consideration of their proposals of regulation of labor relations, delfi.lt news portal said, adding that trade unions are cautious about the proposal. […]

Viktoras Pranckietis
CORPORATE

New Seimas Speaker – I suggest we “close” this question

Next year’s budget is turning into a task for the new cabinet, which has yet to form and the new Seimas, which started work this week. The President has already presented the candidacy of Saulius Skvernelis for the post of PM, next week he will likely become the head of cabinet with little to no resistance and will announce his ministers. The new Seimas Speaker Viktoras Pranckietis discussed the coming term on the Savaitė show on LRT TV. […]

Ramūnas Karbauskis, Saulius Skvernelis
Politics

“Peasants” and SocDems negotiations advance

On Monday the winner of this year’s Seimas election, the Lithuanian Peasant and Greens Union (LVŽS) and the Lithuanian Social Democrat Party (LSDP) worked on merging their programmes and decided on the number of ministries each party can expect in the future cabinet, with 11 going to the LVŽS and three to the LSDP. […]