The second lockdown in Lithuania is no different from the first one: there are no clear principles for economic relief, individual groups are fighting for their own interests, and the government is forced to constantly alleviate the emerging effects of the quarantine. But what if lockdowns persisted?
The Lithuanian government has enlisted Lithuanian Free Market Institute’s (LFMI) proposal for adopting the Estonian corporate income tax model among Lithuania’s main tax reform alternatives.
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 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.
In cooperation with the Academy of Liberalism, the Friedrich Naumann Foundation for Freedom has just released a podcast devoted to the topic of “Baltic Buuble: COVID-19″. The episode focuses on how much COVID-19 has influenced the economy of the Baltic countries and how dark or bright is the future?
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.
When we talk about wages in Slovakia, we refer to gross wage. From an economic point of view, however, it is a fictitious value created by accountants. It represents an arbitrarily set point between the two key values: net wage and labor costs.