LFMI

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.

For the third year in a row, the Lithuanian Free Market Institute and its partner organizations present the Employment Flexibility Index 2020 that ranks a total of 41 countries that are members of the European Union (EU) or the Organization for Economic Cooperation and Development (OECD).

The European Commission proposes an extension of price reporting for most agricultural products in all its variety for all economic actors of the value chain on weekly and monthly bases. According to the EC, this measure will address a lack of transparency and information asymmetry in the food supply chain.

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.

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.

The European Commission (EC) has launched a fitness check of the 2012 State aid modernisation package, the railways guidelines and the short-term export credit insurance communication to evaluate whether the rules have actually worked in the way intended and are still fit for purposes.

The EU sets minimum levels of regulation with respect to working hours. The research shows that the countries tend to comprehensively follow the set EU standards with regard to the maximum duration of work during the day, minimum periods of rest, and some aspects of annual leave.

On May 11, Lithuania celebrated its second National Respect for Taxpayers Day. This day became an official commemorative day in Lithuania following the adoption of a proposal from the Lithuanian Free Market Institute (LFMI) in early 2018.