Lithuanian Free Market Institute

Acting Chairman of the Liberal Movement and Mayor of Vilnius Remigijus Šimašius is distancing himself from the MG Baltic business group, whose vice president, Raimondas Kurlianskis, is suspected of bribing former Liberal Movement chairman Eligijus Masiulis.

Official figures show that Lithuanian lawmakers have been approached by a small number of lobbyists over the last year but experts say the official numbers are just the tip of the iceberg, with actual extent of unofficial lobbying in the Lithuanian parliament much bigger.

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 ...

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.

The currently existing value-added tax (VAT) of 21 percent can stand to be reduced, believes Prime Minister Algirdas Butkevičius.

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.

Visvaldas Matijošaitis has won Lithuania's best mayor award. The elections were organised for the eighth consecutive year. The mayor of Klaipėda, Vytautas Grubliauskas came in second place with Vilnius mayor Remigijus Šimašius in third.

The Lithuanian parliament, with the blessing of President Dalia Grybauskaitė, approved a generous government budget for the year 2016 but views of whether such a budget is prudent are mixed.

Danish economist Morten Hansen and Romas Lazutka, professor at Vilnius University, argue that Lithuania‘s economy has caught caught up with those of Greece and Portugal. The two scholars and Žilvinas Šilėnas, the president of the Lithuanian Free Market Institute, provide different explanations why.

The Lithuanian government has given its approval to a proposal to increase the minimum wage by 25 euros, to 325 euros, from July.

Lithuania's authorities should postpone plans for a minimum wage hike after the central bank on Friday cut its GDP growth forecast for this year, a senior expert at the Lithuanian Free Market Institute (LLRI) said.

Liberal MP Remigijus Šimašius and incumbent Mayor Artūras Zuokas will face one another in the run-off election for Vilnius mayor, the Central Electoral Commission said on Monday.

The decision by Maxima LT, Lithuania's largest retailer that has been slapped with a 16.9-million-euro fine for anti-trust violations, to lower prices for over 1,000 products may have a positive effect on the economy, if it leads to increased competition among retail chains, Nerijus Mačiulis, the ch...

The Lithuanian port city of Klaipėda has been ranked as Lithuania’s number-one municipality in terms of economic freedom. The town gets the top spot in annual rankings for the fourth consecutive year.

Less than a decade ago many people were talking about how we will be running out of oil soon. Many politicians and experts were constantly spouting “peak oil”. Serious faces in reputable conferences were asserting that it was obvious that the world production of oil had peaked and would be decreasin...