black market

Lithuania's Criminal Police is carrying out a large-scale investigation into the sale of guns from the country's Weaponry Fund on the black market.

The government has begun its annual campaign to raise public awareness about the country's problems with the black market economy. This is the fifth year that this campaign is held.

Almost every third Lithuanian claims to know someone who has recently received illegal income. However, two thirds of Lithuanians believe that the State Tax Inspectorate (VMI) should not have access to people's bank account balances in order to fight tax evasion, a survey by Spinter Tyrimai shows.

The number of Lithuanians being able to buy property purely in cash has been steadily multiplying in the last few years – in fact it is hard to imagine how many Lithuanians have been buying a home or apartment using cash - but such luxurious purchases may now have serious consequences.

The police and tax authorities have raided illegal meat processing plants across Lithuania in one of the biggest operations in the last decade. In over 200 raids, police caught 17 companies operating illegally and impounded 11 tons of poultry illegally imported from Poland.

Seimas Speaker Loreta Graužinienė has said she opposes recent proposals to have all commercial banks share information about account holders with the State Tax Inspectorate (VMI).

Fewer businesspeople in Lithuania think underground economy is a problem than a year ago. However, Lithuania has a far bigger black market than the Central and Eastern European average, research shows.

Last week, the Lithuanian government published a report on efforts to fight the black market. The government says inspectors have uncovered transactions worth over half a billion euro. Unfortunately, there are still areas relatively immune to anti-black-market efforts, the chief among them being ill...

Flourishing black market in Lithuania can be reduced with properly chosen and implemented digital solutions, experts claim.

Illicit cigarettes last year accounted for 28.3 percent of Lithuania's market of tobacco products, the second highest rate in Europe after Latvia's, according to the latest study by the international audit, tax and consulting company KPMG.