LFMI

The year 2000 was challenging not only for the global economy, but also for economists. They were also hit by the crisis: economic forecasts vanished within a day. However, the need to assess the economic situation and likely scenarios of economic development remained.

The Lithuanian Free Market Institute (LFMI) ranks the sixth best think tank in Central and Eastern Europe in 2020 Global Go To Think Tank Index Report released by the University of Pennsylvania. LFMI is also among top 1 percent organizations in the world, ranked in the 126th place.

The general objective of the Directive is to ensure that all EU workers are protected by minimum wages, which is essential to guaranteeing adequate working and living conditions regardless of the place of work or residence.

The handbook delivered a long-term policy vision and immediate recommendations for the new parliament to preserve and create new opportunities for people in Lithuania to pursue well-being for themselves, their families and communities.

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.

Prior to the crisis triggered by the COVID-19 outbreak, the Lithuanian economy had been enjoying a rapid growth. Yet, while the number of available jobs had been increasing, the number of unemployed had remained steadily high.

Addressing and diminishing barriers to the single market in the EU is a much welcome initiative. The initiatives to decrease bureaucracy, to step up efforts to comply with EU law, to evaluate the effects of new regulations on SMEs in impact assessments, and mutual recognition are important steps in promoting growth, free trade, and consumer rights.

Lithuania’s tax system is ranked the sixth most competitive and neutral in the OECD according to the Tax Foundation’s International Tax Competitiveness Index 2020 which was released on October 15.

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.

On October 11, Lithuania will hold parliamentary elections. A total of 141 representatives of the nation will be elected, of which 71 in single-mandate constituencies and 70 from party lists.