Nerijus Mačiulis EN

The Russian Ministry of Economic Development is predicting that because of record low oil prices and Western sanctions, the economic crisis in Russia will continue for at least 3 years.

Lithuania’s teachers earn less than their counterparts in Romania, even though there is a lower minimum wage there.

With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop.

Lithuania is the fourth biggest direct exporter to the Belarusian market and the leader among EU countries, according to the latest figures.

Over the last year, prices of both new and used cars shot up in Lithuania, sometimes up to 15%, LRT reports.

After Lithuanian economist Nerijus Mačiulis said recently that the new government in Poland made the country as unpredictable a business partner as Russia, Lithuanian businesspeople counter him by insisting they do not see any threats in doing business with the neighbouring country.

After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis.

Poland is now as unpredictable as Russia, says Swedbank chief economist Nerijus Mačiulis, adding that recent developments in Poland, which has become the second-largest export market for Lithuanian goods, may have negative repercussions for Lithuania.

“The beginning of 2016 was one of the worst years in history for raw material and stock prices,” said Swedbank Chief Economist Nerijus Mačiulis. On Tuesday, he presented his projections for economic growth in Lithuania, and the prospects for exports and the international economy.

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the...

Non-taxable income should be increased instead of the minimum wage and that would put more money in the pocket of workers, according to Naglis Puteikis, a member of, and tapped to be leader of, Lithuania’s newest political party, Increase Tax-Exempt Income (NPD).

A higher minimum wage, which will increase again in July, will inevitably lead to higher service prices, according to economists. Experts expect inflation to accelerate alongside growing pay.

Will Lithuania ever again be a nation of 3.5 million? This target, championed by the leaders of six political parties, is to be achieved by 2025. Some experts say it reeks of utopianism, while others point to historic precedents in other countries.

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.

IT specialists will continue to be best-paid professionals in Lithuania's labour market in 2016. Such is the demand for their skills that they are often able to demand salaries comparable to those in Western Europe - and employers comply.

A Baltic Sea region index compiled by Swedbank shows that despite considerable progress, Lithuania is still not as competitive as it could be. Lithuania was placed among the top third of the most competitive countries in the world, which is a better result than last year, but essential progress is s...

Remittances from the Lithuanian diaspora has long played a significant role in the country's economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from fall...

Between January and June 2015, Swedbank Lithuania's chief economist Nerijus Mačiulis was quoted nearly 600 times in the media and was the most quoted opinion leader in Lithuania, a study of the market research company TNS LT shows.

Technologies are inevitably changing the global labour market and will wipe out certain professions. Global trends and technological development will also change Lithuania’s labour map, which may result in a shorter working week, Nerijus Mačiulis, an economist with Swedbank Lithuania, forecasts.

Nerijus Mačiulis, chief economist at Swedbank Lithuania, says that although Lithuania's economy contracted by 0.6 percent in the first quarter of this year, such an economic stumble nevertheless did not halt job creation or growth of wages: the number of employed people rose by 1.7 percent in a year...