Immigration boosts labour force

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 […]

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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 […]

Gitanas Nausėda

‘Increased consumer spending kept Lithuania out of recession in 2015’

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. […]

De-industrialisation was the most painful for older workers. The employment service has directed these men to do community service at the local water supplier (photo by Dalia Mikonytė)

Creativity and boredom in a Lithuanian town coping with globalisation

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. […]

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Dagens Industri: “Lithuania is a tiger in the European zoo”

Lithuania is a tiger in the European zoo. The future looks bright for a country that chose a totally different path from Greece. Investors and entrepreneurs take note! […]