LFMI

International trade has always been a contentious issue. Even those who agree that it is beneficial for all countries involved sometimes succumb to the fallacy that trade is a good thing only if it occurs between countries that have a similar level of economic development.

New York, November 11, 2016 – the Lithuanian Free Market Institute’s textbook Economics in 31 Hours receives a prestigious $100,000 Templeton Freedom Award for giving the young generation of Lithuania a chance to learn how property rights, free exchange, profit and competition shape decisions and actions in our everyday lives.

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.

Posting of workers plays an essential role in the internal market of the European Union. Drawing on the fundamental values of the free movement of persons and the free movement of services, it allows workers from one EU member state to work and carry out services in another member state on a temporary basis.

The first sharing economy businesses appeared in Lithuania only a couple of years ago. Therefore, there is not enough economic data to evaluate how significant it has been to the Lithuanian economy. The sectors that the sharing economy business models emerge in are rather different and completely separated.

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.