Ruta Vainiene

Rūta Vainienė has been working at LFMI since its inception in 1990 and was its first employee. Her fields of expertise include state finances, tax, budget and monetary policy, banking and market economy reforms.In 2008-2011 Rūta Vainienė served as LFMI‘s President. Currently, she works at LFMI as a senior fellow. In 2007 Rūta Vainienė published a “Dictionary of Economics” which became a bestseller in Lithuania and was later translated into many foreign languages.

Economy

“The Taming of the Fiscal Shrew”

BY Ruta Vainiene / April 17, 2012

On March 2, EU-25 leaders signed the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, commonly called the Fiscal Compact. The Treaty was not signed by the Czech Republic and Great Britain. Lithuania joined the treaty, but it still needs to be ratified by the Lithuanian Parliament (Seimas). Not being a […]

Economy

Lithuanian Business Fears Problems in Eurozone

BY Ruta Vainiene / March 27, 2012

A survey of the Lithuanian economy conducted by the Lithuanian Free Market Institute (LFMI) shows that eurozone problems do not leave anybody cold. Lithuania failed to join the eurozone in 2007 because it missed the inflation criteria by only 0.06 per cent. At the time, it was considered a big political failure. However, given the […]