Lithuanian Free Market Institute (LFMI) introduces a new periodical publication “Lithuanian Shadow Economy“. The publication provides data about shadow economy in Lithuania and more specific data and insights in alcohol, fuel and cigarette markets.
The Lithuanian Free Market Institute has a pleasure to invite all interested to read Institute’s publications available in English: 29th Survey of the Lithuanian Economy – summary of the results Index of Municipalities in Lithuania The Lithuanian Free Market Institute has introduced its first Index of Municipalities in Lithuania which was compiled using a unique methodology. Using overall 55 indicators, the Index measures the performance of municipalities. This project was aimed at creating a useful…
LFMI submitted comments to the Government and the Ministry of Social Security and Labour, welcoming Government-proposed amendments to the Labour Code. LFMI believes that removing the requirements to keep employment contracts record books, to issue monthly pay statements and to conclude labour contracts according to the model form will reduce the high administrative burden for companies. LFMI is of the opinion that such proposals as the permission to conclude fixed-term labour contracts for permanent jobs,…
In May, the Lithuanian Tripartite Council debated Government-proposed amendments to the Labour Code that envisaged the first-ever thorough revision of employment regulation in Lithuania. The package contains proposals that would render labour relations more flexible to correspond to the real needs of the market and the existing reality. Supporting the Government’s proposals, we took part in the sittings of the Tripartite Council and in the public debates, highlighting that these changes would be beneficial both…
In response to the on-going financial crisis in the euro zone, LFMI, a leading economic policy think-tank in Lithuania, has worked out and submitted to responsible institutions a plan which would help countries exiting the euro zone to build stable and sound money. LFMI‘s proposal can be also used by the euro zone when attempting to strengthen the euro and to restore people‘s confidence in the single currency. The persisting crisis of euro zone state…
In April we continued working actively on the issues of higher education. The Parliament passed amendments to the Law on Science and Studies, incorporating our recommendations submitted in March. Among them is the provision enshrined in the law that well-learning students “shall be granted” studentships (the original wording of the bill was “may be granted” studentships). We understand that there is still a number of pressing issues to be solved as regards the higher education…
According to the Lithuanian Free Market Institute’s (LFMI) annual calculations, Tax Freedom Day in Lithuania has moved earlier in the calendar and will fall on May 20
In March the Lithuanian Parliament started debating amendments to the Law on Science and Studies, drafted in response to the Constitutional Court’s ruling, which stated that student’s studies in private higher education establishments can be funded (via the voucher system) only when state higher schools are unable to prepare the required specialists for objective reasons. The enactment of such amendments would restrict the graduates’ right to choose the desired university and education in Lithuania. On…
Conference The Eurozone in Crisis: Solutions and Future Prospects April 3, 2012 Radisson Blu Hotel Lietuva, Konstitucijos Ave. 20, Vilnius, Lithuania The Aim of the Conference The aim of the conference was to discuss the fiscal policy of the European Union countries and the future of euro. Target audience The conference was attended by more than 80 participants: experts of economics, taxation, finance, state officials, liberal politicians, businessmen, media and other interested parties. Course…
Lithuanians, Latvians and Estonians think that the primary cause of smuggling is taxes higher than the living standards in these countries, which generates differences in prices
