LFMI

On March 27, 2019, the Lithuanian Free Market Institute (LFMI) ran the second edition of the National Economics Exam. Aimed at promoting economic literacy and the relevance of economics education, the exam is intended for all citizens interested in measuring their knowledge of economics.

After seven years in his role as President of LFMI, Žilvinas Šilėnas will lead the Foundation for Economic Education (FEE) in the United States. LFMI’s long-serving Vice President Edita Maslauskaitė will succeed Šilėnas as LFMI’s Interim President from mid-April.

Ranked 14th in Central and Eastern Europe, the Lithuanian Free Market Institute (LFMI) firmly maintains the highest position among Lithuanian think tanks in the prestigious Global Go To Think Tank Index by the University of Pennsylvania.

The European Commission has prepared a Roadmap for more efficient law-making in the field of taxation: identification of areas for a move to qualified majority voting. The aim of the proposal is to explore possibilities for removing the need for unanimous agreement by all countries and moving to qualified majority voting in taxation.

Progressive taxation is considered to be the most popular measure to reduce income inequality. The aim of the conducted research was to enlighten this discussion by exploring to what extent the progressiveness of PIT is a decisive factor in reducing income inequality.

The Lithuanian Free Market Institute’s (LFMI) Templeton Freedom Award-winning Municipal Performance Index has been successfully replicated and launched by the Institute of Economic Affairs–Kenya in Kenya and is currently underway in Latvia and Bosnia and Herzegovina.

The 2017 labor law reform significantly improved Lithuania\'s position in the Employment Flexibility Index, moving the country from the 27th to 15th position among the EU and OECD countries, according to Employment Flexibility Index 2019 compiled by LFMI based on the World Bank\'s Doing Business data.

As part of the implementation of the European Pillar of Social Rights, the European Commission (EC) has adopted a proposal for a Council Recommendation on access to social protection for workers and the self-employed.

On November 15, 2018, the Lithuanian Free Market Institute (LFMI) held a conference on the shadow economy in Vilnius to address the scope and drivers of the shadow economy in Lithuania and across Europe and to discuss the most effective policies in tackling the issue.

The shadow economy in Lithuania remains pervasive despite economic growth, and as many as one in two people would consider informal consumption and undeclared work if their financial circumstances worsened, shows a LFMI research report.