With talks of “everything was better and cheaper with the litas” settling down, tv3.lt calculates who had the best 2016, compared to last year. Economists note that the greatest happiness visited the services sector, while […]
The average inhabitant of Kaliningrad is three times richer than an average Lithuanian. Living standards in the militarised Russian exclave are higher than in Lithuania. Such statements adorn pamphlets distributed into Vilnius post-boxes, with the […]
According to the data of early surveys, Ramūnas Karbauskis’ Peasant 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? […]
Promises made by prospective members of the new Seimas to increase people’s income will need to be realised by the time their terms ends in 2020. That’s when the 2014 – 2020 period of European […]
At the moment, Lithuania receives about €623 of EU support per person. The amount will go down significantly after 2020. “This is when we’ll see who’s been swimming naked,” says economist Žygimantas Mauricas. […]
The end of the European Union‘s current financial period in 2020, after which Lithuania will be getting substantially less funding from Brussels, will be a cold shower that will expose inefficiencies in the country’s economy currently covered up by European money, says a leading economist.
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With data showing that emigration from Lithuania has increased even more this year, the cabinet has drafted a plan to reduce emigration and encourage repatriation. Economists, however, are sceptical that it will work. […]
Nordea Bank economist Žygimantas Mauricas accused Lithuanian political parties of offering primarily cosmetic tax and economic reforms that were failing to solve the disparity between taxation and income in Lithuania. “People’s greatest complaint in Lithuania, […]
Gitanas Nausėda, Žygimantas Mauricas and Nerijus Mačiulis, all economists at leading commercial banks in Lithuania, are optimistic about Lithuania’s economy in the coming year but they highlighted some of the greatest economic risks Lithuania faces in the coming year – most of them international rather than domestic. […]
Investment in residential real estate in Lithuania last year bounced back to levels last seen in 2007, the year before the financial crisis set in, bursting what was then seen as a real estate bubble. […]
Lithuanian economists have criticized the government’s “inaction”, saying that the country’s economy have grown despite rather than because of its economic policies. However, challenges loom ahead. […]
The supply and demand for real estate is growing in Lithuania‘s largest cities with the movement of people from rural areas to cities increasing, drawn by higher wages. […]
Demographics will soon be the biggest problem facing Lithuanian society and industry, leading economists have warned, urging Lithuanian politicians to address the massive emigration that has been draining the Lithuanian population for over a decade now. […]
Non-taxable income should be increased instead of the minimum wage and that would put more money in the pocket of workers, according to Naglis Puteikis, a member of, and tapped to be leader of, Lithuania’s newest political party, Increase Tax-Exempt Income (NPD). […]
Will Lithuania ever again be a nation of 3.5 million? This target, championed by the leaders of six political parties, is to be achieved by 2025. Some experts say it reeks of utopianism, while others point to historic precedents in other countries. […]
With implemented structural reforms, infrastructure development and innovations, Lithuania could be among the top most competitive countries in the world, say representatives of the World Economic Forum who shared their experience in the Annual Economic Forum organised by the Lithuanian Confederation of Industrialists. […]
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