Economy

Some Lithuanian businesspeople have compared 2016 to the situation in 2006, the boom year before the 2008 crash. To read this article, try a €5.99 monthly subscription by clicking here.

The United Kingdom's decision to leave the European Union will directly and indirectly affect Lithuania's economy, the country's new minister of finance said on Wednesday. To read this article, try a €5.99 monthly subscription by clicking here.

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.

Lithuania is making the transition from to a developed market-economy capitalism but it is creating negative side- effects, said Robertas Dargis, president of the Lithuanian Confederation of Industrialists.

With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament. MPs have submitted several bills suggesting cutting value-added tax (VAT). Some proposals have been discussed more extensively than others, but there is still no clear agreement on a ...

The strength of the country's economy as measured in GDP per capita has the largest impact on happiness in Lithuania and countries around the world, according to the UN.

Lowering the value-added tax (VAT) rate for all goods and services would be preferable to exemptions on select products, like food, Lithuania's Finance Minister Rimantas Šadžius.

Lithuania scored well on this year's Economic Freedom of the World index, which put it in the 19th spot, ahead of other Baltic states and many European Union members. However, further advances could be hampered by corruption, says Fraser Institute economist Dr. Robert Lawson.

Lithuania has been ranked 19th in the Economic Freedom of the World index ahead of the other Baltic States but well behind other developed counties, according to a US research institute.

Investment in residential real estate in Lithuania last year bounced back to levels last seen in 2007, the year before the financial crisis set in, bursting what was then seen as a real estate bubble.

A Lithuanian school in Rokiškis, Juozas Tūbelis Pro-gymnasium, is to start teaching computer programming to its pupils in the first grade, in what may be a first in Lithuania.

The annual inflation rate in Lithuania rose to 0.7% in January of this year, according to the latest figures from Eurostat.

Lithuania took 13th place in the European Commission‘s Digital Economy and Society Index of EU countries, scoring above the EU average for digital competitiveness.

Over the last decade, Lithuanians' dietary tastes have undergone a major shift and that reflects changes in society as much as changes in taste.