On June 11-12, the Lithuanian Free Market Institute will host Vice-President of the Heritage Foundation Jack Spencer and Research Manager of the Heritage Foundation’s Index of Economic Freedom Anthony B. Kim. The Foundation representatives will meet with the Lithuanian government, politicians and business leaders to discuss Lithuania’s progress in the 2015 Index of Economic Freedom and reforms needed to further improve the country’s ratings.
Meetings will be held with Minister of Foreign Affairs Linas Linkevičius, Chancellor of the Government of Lithuania Alminas Mačiulis, Vice-Minister of Finance Algimantas Rimkūnas, Deputy Chair of the Bank of Lithuania Ms. Ingrida Šimonytė, advisors to the President of Lithuania, and Vilnius City Mayor Remigijus Simasius. A round table discussion will be organized on Lithuania’s performance in the Index of Economic Freedom with representatives of the Ministry of Economy, the Ministry of Social Affairs and Labour, the Ministry of Finance, Invest Lithuania, LFMI policy analysts and other experts.
Lithuania ranked the 15th freest economy in the 2015 Index of Economic Freedom. Its overall score is 74.7, up by 1.7 points from last year, reflecting improvements in half of the 10 economic freedoms including freedom from corruption, the management of public spending, labor freedom, and monetary freedom. Lithuania is ranked 6th out of 43 countries in the Europe region, and its overall score is well above the world and regional averages.