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CORPORATE

Luminor economists forecast Lithuania’s economy to slow down in 2019, however the year will be good for reforms

Luminor economists forecast economy to grow at 2.7% next year in Lithuania, as external economic environment is expected to deteriorate. The GDP growth will be detained by increasingly active seismic zones in global macroeconomic landscape. Economists suggest that in the eve of cyclical slowdown, three ideas could help to prepare for slowdown, a press release from Luminor states. […]

Economy

A growing number of Balts are struggling with debt despite the growing economy

In the wake of a long period of economic growth, savings have gone up – but so has indebtedness. A growing number of people are struggling: every fifth European needs to borrow in order to pay bills. That group has increased from 15% three years ago to 20% this year. In the Baltics, the situation differs from country to country. Every third Latvian has borrowed money to pay bills. In Lithuania, the situation is comparable to the EU average (19%), while in Estonia the numbers are relatively low and only 12% of consumers have borrowed money in the last 12 months in order to pay bills. […]

Kaunas Free Economic Zone
CORPORATE

Factories rise one after another in Lithuania: thousands of jobs to spread across the country

Recently a positive trend can be observed in Lithuania – we are increasingly frequently hearing about factories being established in the country, about their development and new foreign investors. Experts are celebrating that the construction […]

No Picture
CORPORATE

Research shows why Lithuanians cheat each other

Many ordinary people, businessmen and a lot of employees of the State Tax Inspectorate (STI) are convinced that taxes in Lithuania are unfair and justify not paying them. Lithuania seeks to become a member of […]

From the passenger's seat - at the Seimas
CORPORATE

A hundred days of Seimas – reflections

Car rent, hidden relations, furs and an expensive designer coat, national costumes, a grand piano in Seimas, opposition to anti-violence against children legislation and an attempt to change the in vitro fertilisation legislation which was […]

Saulius Skvernelis ir Ramūnas Karbauskis
CORPORATE

Will the “Peasants” keep their promises to voters?

According to the data of early surveys, Ramūnas KarbauskisPeasant and Greens Union’s popularity could have jumped up to 28% after the elections. Such a jump in ratings means significant expectations from the public toward the party. The party leaders promised faster increases in income, fighting emigration, moving ministries and many other potentially costly initiatives, but the economy could grow slower than expected next year. How will the “Peasants” manage to uphold their campaign promises and how strong will the fascination of society with the party prove to be? […]