Lithuania improves its ranking from the 21st to 16th in the Heritage Foundation’s 2020 Index of Economic Freedom. The country has regained its position from 2016 after four years of backsliding, the index shows.
Croatia is currently 61% economically free. There is no country with more than 90%. Therefore, Croatia’s competitive gap is much more than 39% deficit in economic freedom. Croatia’s challenge is to compete with much better countries of Central Eastern Europe.
Lithuania’s level of economic freedom has been steadily improving. The country has jumped up by two positions and ranked 13th in the world in the 2015 edition of the Index of Economic Freedom. The index is compiled by the Heritage Foundation in partnership with The Wall Street Journal.
On June 11-12, the Lithuanian Free Market Institute will host the Heritage Foundation representatives, who will meet with the Lithuanian government, politicians and business leaders to discuss Lithuania’s progress in the 2015 Index of Economic Freedom and reforms needed to further improve the country’s ratings.
Index of Economic Freedom was released last week. Slovakia ranked 57th – 15 places down from previous year.
The flat tax countries are under a growing pressure to revert their flat tax reforms and necessary fiscal consolidation is used as an excuse for such requests.
It is obvious that processing court cases within a reasonable time is a vital part of the right to a fair trial.