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 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 Lithuanian Free Market Institute is pleased to announce a conference Can We Do More to Boost Lithuania\'s Competitiveness?, which will be held on July 9, 2018, in Vilnius in cooperation with the Heritage Foundation and the Ministry of Economy of the Republic of Lithuania.

On March 13, 2018, the Lithuanian Free Market Institute held Lithuania’s first National Economics Exam for pupils, university students, and everyone interested in measuring their knowledge of economics. Over 6,500 people from all over the country took part in the exam.

Žilvinas Šilėnas tops the list of Lithuania’s most influential opinion leaders, a market research company “Kantar TNS” announces. Reaching the audience of 37 million in the first half of 2017, Šilėnas has forged ahead the incumbent representatives of the banking sector.

LFMI launches Employment Flexibility Index 2018 for the EU and OECD. The index is based on the World Bank’s Doing Business data on labor market regulation and covers a set of indicators on hiring, working hours, redundancy rules, and redundancy costs.

Published in 2015 by the Lithuanian Free Market Institute, the economics textbook Economics in 31 Hours has transformed the way of teaching and learning economics in Lithuania. Already in its fifth edition, the textbook has reached over 53 thousand students in 463 secondary schools and nearly 500 teachers.

Lithuania has long been praised for its rankings in the categories of starting a business, registering property, and enforcing contracts, but it has also been criticized for a heavy administrative burden and red tape pervading the areas of dealing with construction permits, getting electricity, and paying taxes.