Lithuania’s new coalition government comprised of the conservative Homeland Union-Christian Democrats, the Freedom Party, and the Lithuanian Liberal Movement has put this reform option back on Lithuania’s agenda.
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.
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.
