Lithuania

Lithuania’s tax system is ranked the sixth most competitive and neutral in the OECD according to the Tax Foundation’s International Tax Competitiveness Index 2020 which was released on October 15.

Lithuania voted in the general national election on October 11. Thepposition conservative party Homeland Union – Lithuanian Christian Democrats secured victory in the first round of the general vote, claiming 25% of the votes and 23 seats in the country’s 141-seat parliament.

On October 11, Lithuania will hold parliamentary elections. A total of 141 representatives of the nation will be elected, of which 71 in single-mandate constituencies and 70 from party lists.

How should the EU deal with Russia and the suppression of democracy in Belarus? An interview with Petras Auštrevičius, Lithuanian MEP of the “Renew Europe” Group and the European Parliament’s Standing Rapporteur on Belarus.

In light of COVID-19 governments around the globe are juggling between ensuring business liquidity and preserving workplaces. Most countries have taken the approach of increasing regulations and tailoring them to the topicalities.

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.