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CORPORATE

Unemployment continues to drop across EU while rising in Lithuania

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. […]

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. […]

Economy

Positive trends in Lithuania’s labour market despite geopolitical threats

Swedbank analysts say that Lithuania’s labour market continues improving, even though rapid wage growth does pose some challenges. Looking ahead, slower employment growth and strong wage growth are expected. […]