The COVID-19 pandemic has not only limited our liberties, but also liberated creativity. Vilnius mayor and LFMI’s ex-president has allowed turning the whole city into a giant outdoor café and let businesses to exploit parks and squares for this purpose.
Quarantine increases people’s desire to study and learn. On March 25th the third national economics exam, organized by the Lithuanian Free Market Institute, attracted a record number of participants (10,963). The motto of this year’s exam was “There is a human being being every number.”
Lithuania improves its ranking from the 21st to 16th in the Heritage Foundation’s 2020 Index of Economic Freedom. The country has regained its position from 2016 after four years of backsliding, the index shows.
Today, about 100,000 Lithuanians take advantage of this opportunity to legally supplement their income—but starting a small business hasn’t always been so simple, and the threat of losing this tool that helps entrepreneurs like Ona succeed is very real.
Elena Leontjeva, Co-Founder and Chair of the Board of the Lithuanian Free Market Institute (LFMI), will serve as the organization’s president. Elena led LFMI since its inception until 2001.
This conference seeks to shed light on these and more questions, while proposing ideas on the revision of the State aid modernization package. Join us in the discussion together with leading national and EU experts, stakeholders, and scholars on competition policy and state aid!
The administrative burden has decreased by one working day or 8 hours compared to last year, shows the 2019 Bureaucracy Index published by the Institute of Economic and Social Studies in cooperation with the Lithuanian Free Market Institute.
Bureaucracy is still a burden for both entrepreneurs and ordinary citizens. One of the reasons why the political “fight” has not achieved remarkable success in fighting the red tape, is a missing connection between politics and the everyday life of entrepreneurs.
Across Europe, shadow markets constitute a significant portion of the economy. According to some estimates, an average of 16% of GDP in EU member states is generated by the shadow economy.