Economy

EC recommendations for Lithuania: less tax on labour, more tax on wealth

Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth – less detrimental to economic growth – are all but non-existent. Experts say the first steps would be introducing tax on real estate and cars. […]

Economy

29,200 job vacancies available in Lithuania in March

There were better employment opportunities in March, as a 28.4 percent increase of job offers was recorded in Lithuania. The demand for fixed-term contracts grew particularly. More job proposals were registered for operators of mobile agricultural and forestry machinery, nursing specialists, painters, construction and mechanical engineers. The demand remained high for salespeople, drivers of heavy lorries and cargo vehicles as well as advertising and marketing specialists. There were a total of 29,200 job vacancies registered at the Labour Exchange in March. […]

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Economy

Lithuania’s unemployment at 9.4 percent in December

Lithuania’s seasonally adjusted unemployment level stood at 9.4 percent in December 2014, Eurostat, the statistical office of the European Union, said. […]

Economy

No hope of drop in unemployment in Lithuania, analyst says

Even though Lithuania’s economic growth rate surpasses that of other European Union member states, unemployment rate is higher than the regional average and, most importantly, it does not seem to be decreasing, notes economist Gitanas Nausėda. […]