Economy
Lithuanian unions to stage protest action in Vilnius
Lithuanian trade unions will stage a protest action outside the government buildings on Friday to demand, among other things, better conditions for working parents. […]
Labour market
CORPORATE
Lithuania launches initiative to tackle ageing population problem
Lithuania has launched a campaign to draw attention to the problems of an ageing population and to the need for initiatives to prolong the working life of Lithuanian workers. “Our country’s competitiveness in the coming […]
CORPORATE
Lithuanians oppose unskilled migrants despite labour shortages
There is a growing recognition that immigration will be needed to solve skill shortages in the Lithuanian labour market, but while Lithuanians are happy to let in highly qualified specialists from Belarus and Ukraine, they […]
CORPORATE
Lithuanian real wages still lowest in Baltic States
Lithuania has the lowest average wage in the Baltic States with last year average real wages in Lithuania increasing by 6% but rising by 6.9% in Estonia and in Latvia by 7.4%. Lithuania has the […]
CORPORATE
Labour relations and skills shortages ‘main obstacles to economic growth’
Inflexible labour relations and the absence of any immigration policy are the major obstacles to Lithuania’s economic growth, the country’s biggest employer association believes. The Lithuanian Confederation of Industrialists has drafted a report on business […]
Foreign affairs
Lithuanian government simplifies visa process for foreign workers
The government has approved a proposal to simplify the procedures for granting temporary residence permits to foreign workers moving to Lithuania. […]
Politics
Lithuanian Seimas takes on Labour Code reform
The Lithuanian parliament is resuming discussions of the so-called new social model, a package of reforms to the country’s Labour Code and welfare system. […]
CORPORATE
Unemployment in Lithuania down in March
Lithuania’s Labour Exchange reports the growing number of new jobs and decreasing unemployment in March. Last month, the number of job seekers registered with the Labour Exchange went down about 6,600 month-on-month, totalling 160,800, or […]
CORPORATE
Increasing profitability drives half of Lithuanian companies to raise wages
The number of Lithuanian companies operating profitably increased over the last six months with a majority raising wages, said the head of the macro-prudential analysis department at the Bank of Lithuania Andrius Škarnulis on Žinių […]
Politics
Employers lambast ‘unbalanced’ Labour Code reform
Additions to the Labour Code reform package proposed by the parliamentary Committee on Social Affairs and Labour have “unbalanced” it, say employer representatives, accusing lawmakers of “radical populism”. […]
CORPORATE
CORPORATE
Lithuania’s strict rules on foreign workers ‘causing skills shortage’
Excessive bureaucracy and overly strict rules on bringing in skilled foreign workers for sectors where there are shortages are damaging Lithuanian-based companies’ ability to compete in global markets, according to the head of the Lithuanian Business Federation. […]
CORPORATE
Lithuanian corporate profits come close to record highs but labour costs pose threat
Last year Lithuanian corporate profits almost hit the record levels of 2007 with pre-tax profits reaching €4.2 billion or 40% more than in 2014. […]
CORPORATE
Red tape for foreign workers killing Lithuania’s competitiveness
Lithuania’s work visa system for foreigners has become so complicated and time-consuming that it is causing shortages of skilled labour across the economy. […]
Economy
Foreign investors attack Lithuanian labour code for ‘not meeting demands of market’
The Lithuanian labour code is outdated and is constantly drawing criticism from both foreign investors and international organisations, the Investors’ Forum said yesterday. […]
Politics
European Commission criticises lack of progress on tax, labour, education reforms in Lithuania
The European Commission has criticised Lithuania’s lack of progress on key recommendations it made for reforming the country’s pension, tax and education systems. […]
CORPORATE
CORPORATE
Lithuanians consider changing jobs most regularly of Europeans
Lithuanians are the least loyal staff among the Baltic, Scandinavian and Western European countries, according to a survey commissioned by construction equipment and modular space rental company, Cramo. […]
CORPORATE
MPs disagree on whether Labour Code reform will bring more flexibility
Members of the parliamentary Social Affairs and Labour Committee have divergent views on whether the new Social Model – an extensive package of Labour Code and welfare reforms – will make the labour market more flexible, as is the stated purpose of the package. […]
CORPORATE
Youth unemployment in way of Lithuania’s OECD membership
High youth unemployment might hamper Lithuania’s plans to join the Organization for Economic Cooperation and Development (OECD), says the country’s Labour Minister Algimanta Pabedinskienė. […]