Labour market

Lithuania has third lowest labour costs in EU

Lithuania had the third lowest labour costs in the EU according to the latest figures from Eurostat , the European statistics agency.

Lithuania’s strict rules on foreign workers ‘causing skills shortage’

Excessive bureaucracy and overly strict rules on bringing in skilled foreign workers for sectors where there are shortages are damaging Lithuanian-based...

Lithuanian corporate profits come close to record highs but labour costs pose threat

Last year Lithuanian corporate profits almost hit the record levels of 2007 with pre-tax profits reaching €4.2 billion or 40% more than in 2014.

Red tape for foreign workers killing Lithuania’s competitiveness

Lithuania’s work visa system for foreigners has become so complicated and time-consuming that it is causing shortages of skilled labour across the economy.

Foreign investors attack Lithuanian labour code for ‘not meeting demands of market’

The Lithuanian labour code is outdated and is constantly drawing criticism from both foreign investors and international organisations, the Investors'...