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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...
Photo: Bacovský Václav Nevertheless the predictions, Presidential election results in Lithuania will always be remembered as historical ones. Never before have had Lithuanians reelected their President for the second term. And even though,...
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 first of January in 2014 is the official euro introduction date in Latvia. The government is in a rush to introduce euro currency in Lithuania, too. Having in mind that Lithuania is holding the Presidency of the Council of the European Union...
LFMI submitted comments to the Government and the Ministry of Social Security and Labour, welcoming Government-proposed amendments to the Labour Code. LFMI believes that removing the requirements to keep employment contracts record books, to...
In May, the Lithuanian Tripartite Council debated Government-proposed amendments to the Labour Code that envisaged the first-ever thorough revision of employment regulation in Lithuania. The package contains proposals that would render labour...
In April we continued working actively on the issues of higher education. The Parliament passed amendments to the Law on Science and Studies, incorporating our recommendations submitted in March. Among them is the provision enshrined in the...
