Wage growth in Lithuania remains in double digits. According to Sodra, in the second quarter of this year, people’s incomes grew by 14%. However, this is almost seven per cent less than the rise in […]
The pandemic has closed borders and increased unemployment in Lithuania to levels not seen for several years. However, even give such a situation, a quarter more people immigrated to Lithuania compared to last year. The […]
Official statistics show that the number of unemployed people surged in 2019 for the first time in several years. It is also noticeable that more and more workers come to Lithuania from third countries. The […]
Gradually declining throughout years of economic uplift, unemployment levels should remain stable or rise slightly this year, specialists predict. The long term unemployment and employment of older individuals will remain difficult situations, but a part […]
Unemployment has shrunk 0.4pp in the second quarter of 2019 but was 0.2pp higher than a year ago – the first annual increase in unemployment since 2010. However, the reasons for the increase in unemployment […]
Youth unemployment in Lithuania has shrunk significantly over the last few years. Specialists say, however, that this is as much to do with emigration as with the growing economy. […]
The new Labour Code and Social Model that Lithuania’s ruling coalition plan to push through before the end of their term is drawing both criticism and praise. A range of leading experts give their view of whether it is a great step forward, or backwards. […]
Lithuania’s unemployment rate dropped from to 8.2% in April as unemployment across the European Union fell slightly from 8.8% to 8.7%, according to Eurostat data. This is a slight decrease on the 8.4% unemployment rate […]
The Lithuanian government and parliament groups have agreed to set up an unemployment fund. The money would be used to pay benefits to people who lose jobs after working at least three years for the same employer. […]
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 […]
According to Eurostat, the European Union‘s statistical department, unemployment fell through the Euro zone and the EU in January while growing slightly in Lithuania. […]
Unemployment increased in Lithuania in December as it fell across the eurozone, according to the latest figures from Eurostat, the EU statistics agency. […]
Contracted export market and Russian economic stagnation last year slowed Lithuania’s gross domestic product growth, but this year the growth will be twice as fast and will rise from 1.6 to 3.2 percent, announces professional services company EY in the latest publication the Euro Forecast. […]
Increased household consumption and investment are increasingly driving economic growth in Lithuania – without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists. […]
Having joined the eurozone this year and successfully advertised its natural and urban wonders, Lithuania has become a new darling of international travel ‘listicles’. Its brushed-up capital, ambitious start-ups and emerging foodie hotspots make many visitors wonder if this is really one of the poorest countries in the European Union. Much of the country’s hardships, however, have been cushioned by de-industrialised peripheral towns – like Alytus. Having lost most of its industries, the town is looking for new, global inspiration. […]
Professional services firm Ernst & Young (EY) has published its latest economic forecast for the euro area. It is projected that Lithuania’s GDP growth will stand at 2.1 percent in 2015 and 3.6 percent in 2016. Meanwhile, GDP growth in the euro area will stand at 1.6 and 1.8 percent respectively. […]
Statistics Lithuania reports that, according to the Labour Force Survey data, in the second quarter of 2015, the unemployment rate stood at 9.4 percent. […]
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