No Picture
Economy

Top ten best paid jobs in Lithuania in 2016

IT specialists will continue to be best-paid professionals in Lithuania’s labour market in 2016. Such is the demand for their skills that they are often able to demand salaries comparable to those in Western Europe – and employers comply. […]

Economy

Third of Lithuanian workers would swap guarantees for higher pay

A third of Lithuanians would exchange guarantees at work for a higher salary, shows a poll commissioned by DELFI. Economists say this is nothing out of the ordinary, as people want compensation, while others say this indicates poverty of the working population. […]

No Picture
Economy

Lithuania’s labour code overhaul divides opinions

Lithuania is often described as a country where potential investors are put off by a tax system inherited from the Soviet times and inflexible labour code. Still, the new social model, currently in the works and promised to provide more flexible employer-employee relations, have received a fair deal of criticism. […]

No Picture
Economy

Lithuanian government approves labour code reform

The Lithuanian government on Tuesday endorsed a new social model aimed at liberalizing labour relations and revamping the Sodra pension system. The package of draft laws will soon be sent to the parliament for approval. […]

Nerijus Mačiulis
Economy

Economic stumble did not halt growth of wages, economist says

Nerijus Mačiulis, chief economist at Swedbank Lithuania, says that although Lithuania’s economy contracted by 0.6 percent in the first quarter of this year, such an economic stumble nevertheless did not halt job creation or growth of wages: the number of employed people rose by 1.7 percent in a year, while an annual growth of average wages stood at 4.3 percent. […]