Public tenders are beneficial to the taxpayers who actually pay for them. According to the Public Procurement Office of Lithuania, in 2015, over 300 million euro were spent without a competitive procurement procedure. This means that taxpayers have most likely overpaid in the majority of cases.
The Lithuanian Free Market Institute was shortlisted among three finalists for this year’s award for its textbook for upper secondary school students Economics in 31 Hours. The Educational Learning Resources Award recognizes excellence in innovation, pedagogical value and practicality of educational resources.
If a person works, strives and believes in being primarily responsible for his/her own destiny and not someone else, if that individual plans own finances, saves up and at least tries to escape from the “from pay to pay” circle – such a person is considered as the middle class or has all the potential to become it.
The Lithuanian Free Market Institute has released the sixth edition of the Lithuanian Municipal Performance Index (MPI). This year the capital city of Vilnius has firmly maintained the top ranking, followed by Klaipėda, Šiauliai and Kaunas city municipalities. The Kaunas District Municipality has outperformed other 53 regional administrations.
LFMI and Atlas Network are inviting you to spend two days discussing how to best attract more financial resources for the European liberty movement. This summit will feature eight discussion sessions on fundraising models, practices, and looming trends for the exchange of ideas among think tank CEOs and professionals from across Europe.
The goals of the colloquium are to advance among free-market think-tankers interdisciplinary perspectives on liberty, morality and free markets and to equip them with interdisciplinary arguments in favor of free enterprise. It will consist of four topic-specific sessions, on monetary policy, the welfare state, labour market policy, and the nanny state.
LFMI’s tailor-made research publication identifies the most significant policy decisions that have provided a boost for the country’s economy by reducing bureaucracy and regulation as well as those which have hindered the progress and examines party voting patterns on the policy decisions under discussion.
Redistribution may be defined as the transfer of tax revenue to finance the state apparatus and maintain the government. One of the ways to calculate the size of redistribution of an economy is to calculate the ratio between tax revenue and the gross domestic product (GDP).
On September 14, 2016, the Lithuanian Parliament endorsed a new Labour Code which will bring about the most notable changes in terms of types of employment contracts, working time and overtime regulation, annual leave, employee dismissal procedures, and the size of severance pay.
Some old Member States request the principle of “equal pay for equal work in the same place”, meaning that posted workers would not receive lower pay than the minimum wage of the recipient country. During the discussion accusations of social dumping by new Member States with regard to old Member States surfaced.
