Lithuanian Prime Minister Saulius Skvernelis says that the minimum wage will grow moderately next year and will not have an adverse effect on the country's competitiveness.
International Monetary Fund
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An International Monetary Fund (IMF) mission that concluded its visit to Vilnius on Monday warned the Lithuanian government that further minimum wage increases may harm the country's competitiveness.
Experts of the International Monetary Fund (IMF) have recommended that Lithuania should continue with its structural reforms to achieve process, with a focus on fundamental restructuring of the education sector.
Lithuania must overhaul its education system and use more high-tech solutions to maintain economic growth in the future, Danske Bank's chief economist for the Baltic countries said on Thursday.
Lithuania's near-term economic outlook is positive, but there are doubts if the country will manage to catch up with Western Europe in the longer term, the head of the International Monetary Fund's mission to Lithuania said Vilnius on Monday, underlining the need for structural reforms and, in the e...
A mission from the International Monetary Fund (IMF) on Thursday is starting work in Lithuania.
The Lithuanian parliament on Wednesday overturned President Dalia Grybauskaitė's veto of a new Labour Code, leaving in place the law that was passed in June.
Lithuania's economy should grow by some 2.5 percent this year and expand by around 3 percent next year, driven by strong wage growth that supports private consumption, experts from the International Monetary Fund said on Tuesday at the conclusion of their visit to Lithuania.
Lithuania would not be able to remain competitive if it abandoned a new Labour Code that has been passed by the Seimas, but vetoed by the president, the International Monetary Fund said.
Rasa Budbergytė, Lithuania’s former representative at the European Court of Auditors, has been appointed as the country’s new finance minister. To read this article, try a €5.99 monthly subscription by clicking here.
About 300 people organized by Lithuanian trade unions gathered to protest the new Labour Code, which critics say will narrow the social benefits for employees. To read this article, try a €5.99 monthly subscription by clicking here.
After the latest EU deal to extend more credit to Greece, Lithuanian economists are divided on whether the EU bailout has helped Greece and put it on the road to recovery, or has simply bailed out European banks at the cost of the EU taxpayer and the Greek public.
Productivity in Lithuania compared to Western European economies remains abysmally low. One of the ways to approach the problem could be by looking into ways to extend the population's life expectancy, say international experts.
