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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…

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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…

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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…

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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…

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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…