CORPORATE

Are Lithuania’s labour reforms a step forward or backwards?

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. […]

CORPORATE

Unemployment rises in Lithuania as it falls across eurozone

Unemployment increased in Lithuania in December as it fell across the eurozone, according to the latest figures from Eurostat, the EU statistics agency. […]

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)
Society

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. […]

No Picture
Economy

Ernst & Young revises Lithuania’s 2015 GDP growth forecast to 2.1 percent

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. […]

Graikija
Opinion

Open letter to anti-Greek Eastern European bloc

Economist Dr.Zoltan Pogatsa believes that the Eurozone states of the former Eastern bloc have been duped by the major powers into firmly opposing Greece. They are being led to believe that Athens is damaging to their economies. It’s all a deception, the Hungarian professional of political economy argues, as Eastern Eurozone members’ money never actually went to Greece, but to Brussels, in order to support the euro. […]

Economy

In April, Lithuania’s unemployment rate at 8.9 percent

In April 2015, Lithuania’s seasonally-adjusted unemployment rate stood at 8.9 percent with around 131,000 jobseekers, Eurostat, the statistical office of the European Union (EU), reports. […]