Economy

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.

The EC’s decision to start an in-depth investigation into Poland’s tax on the retail sector is undoubtedly right as this additional tax imposed on large stores is unjustified and harmful. It should be up to a consumer’s individual choice where to go shopping.

Some could argue that May is just taking time to avoid the implementation of the referendum’s result, which is quite unlikely, since after all “Brexit means Brexit”, and that she will not call for another referendum because UK citizens already expressed their will, and the government will respect it.

Italy is one of the first countries in Europe that has the major number of users and people aware of what is the so-called “sharing economy” (it is the third country after Turkey and Spain).

Ranked 20th in the 2016 World Bank’s Ease of Doing Business Index, Lithuania has outstripped its closest neighbours Latvia and Poland. Yet, possibilities of forging ahead as one of the most business-friendly economies are not fully exhausted.

49% of Lithuanian citizens see labor legislation as the means of achieving balance between employee-employer interests while 33% claim that it is an employee and 7% that it is an employer who should be defended by labor laws, LFMI’s survey shows.

The past two weeks were characterized predominantly by discussions over the hacking of Bitcoin exchange BitFinex. Other noteworthy news streamed mainly from Zimbabwe, the U.S., Isle of Man, China, and customarily from Russia.

The Economic Freedom of the World study gives all nations a very useful tool to see in which areas their countries\' economies have weak spots, why investors are not attracted to what they offer and why individuals avoid hard work.

Although Mateusz Morawiecki (Deputy Prime Minister and Minister of Development) often says that his plan would be based on the idea of both governmental and private saving and investing, the programme itself shows quite the opposite: the government just wants to spend money immediately on certain investments and branches.

Economic slowdowns are always challenging for the state authorities. Expenditure cuts and search for new sources of income often lead to imperfect policy changes. In 2012, KGHM became a victim of a government’s hunt. As a result, the company was forced to pay a new silver and copper extraction tax.