Bootleg alcohol distillery in Plungė region
Economy

Shadow activity in Lithuania’s spirits market on increase – report

The overall scale of shadow economy in Lithuania is on the decline amid an improving economic situation, but shadow activity in the strong alcoholic drinks market is growing due to increased excise duties, according to a report by the Lithuanian Free Market Institute (LFMI). […]

Kęstutis Daukšys of the Labour party during TV debate on LRT
CORPORATE

ELECTIONS. Labour Party programme highlights

With the elections less than two weeks away the Lithuanian Free Market Institute looks at some of the key points of the Labour Party electoral programme and their significance. […]

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CORPORATE

Greedy employers or bad laws: Why are Lithuanian wages lower than in Estonia?

Opinions are divided on why Lithuanians make relatively low wages, even compared to their northern neighbours in Estonia. As pointed out by the chief economist for Swedbank, Nerijus Mačiulis, there is a plethora of reasons […]

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CORPORATE

Black market still quarter of Lithuanian economy

More than a quarter of Lithuania’s economy still exists on the black market, according to the Lithuanian Free Market Institute‘s research into the country’s shadow market. The research found that Lithuania’s black market was found […]