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Vilnius, Lithuania-based Lithuanian Free Market Institute (LFMI) was awarded Atlas Network’s prestigious Templeton Freedom Award for its Municipal Performance Index for Freedom and Free Enterprise. To build the case for policy change at the...
Less than a decade ago many people were talking how we will be running out of oil soon. Many politicians and experts were constantly spouting “Peak Oil”. Serious faces in reputable conferences were asserting that it is obvious that the world...
Photo: Wikimedia Commons In summer 2014 Lithuania was accepted into the Eurozone and Europe witnessed the ECB’s decision to reduce its key refinancing rate from 0.25% to 0.15%. As a result, Vytautas Žukauskas, senior policy analyst at the...
Every one of us pays taxes daily and yet only a few could tell how much exactly they pay in taxes per month or per year. The Lithuanian Free Market Institute (LFMI) launched a new tax calculator “Moku mokesčius” (“I Pay the Taxes”),...
During the global financial crisis, public pensions in Lithuania were cut to reduce further strain on the government budget. The Lithuanian government is now considering backpaying these pensions. Possible sources of public pension offset are...
Contrary to what Lithuania’s prime minister claims, discussions on euro introduction are far from over. They might be over for those who have had the task of convincing Lithuanians about the benefits of having the euro. Still, the euro will...
Sometimes it seems that all tax news is bad. France has raised its top income tax rate to a scandalous 75%. Eleven EU member states are set to introduce a financial transaction tax. Lithuania is debating progressive taxation and higher taxes...
The current events in Ukraine are a genuine reminder of what the West takes for granted and the East has worked so hard to achieve. Personal liberty, rule of law, a society organized on voluntary cooperation of free individuals is not a boring...
In December 2013 EU finance ministers reached agreement on the guidelines of a Single Resolution Mechanism for the banking union. The Single Resolution Mechanism is to accompany the Single Supervisory Mechanism. The Single Resolution Mechanism...
This year a group of Lithuanians has initiated a referendum on banning land sale to foreigners. For such a referendum to be held, the group needed to collect at least 300,000 signatures of Lithuanian citizens in three months. In December the...
