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Over one fifth of Lithuanians face poverty

Some 640,000 of Lithuania‘s population, or 22.2%, were below the poverty risk line in 2015, up by 3.1 points year-on-year, according to a survey of incomes and living conditions carried out by the country’s statistics office.

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Lithuanian wages growing faster than productivity

The accelerating rate of Lithuanian wage growth has not been met with an increase on labour productivity and the Bank of Lithuania says this could be a problem for the country’s economy. Labour productivity has […]

Gitanas Nausėda

Lithuanian salaries to grow strongly this year

The average salary in Lithuania this year will grow by 7% and next year by 6%, according to SEB Bank economist Gitanas Nausėda. The economist said that the wage growth is now especially visible in […]


Higher minimum wage will lead to higher prices

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