Žilvinas Šilėnas EN

The government has taken aim at the informal economy, just as many prior to it has. This time, the construction sector, meat produce trade, healthcare institutions and minor traders are in its sights, lrt.lt writes.

The teachers’ strike is a good thing because it encouraged to take interest in what is going on in this system. And a number of factors emerged. It turns out that Lithuania finances this sector quite well.

Economist Gitanas Nausėda, an adviser to SEB bank's president, has been named the most influential representative of the business sector and economists, according to a new survey by Spinter Tyrimai for the delfi.lt news website.

The Lithuanian government's proposed tax changes are primarily aimed at improving the situation of small-sized businesses and low earners and cannot be called a fundamental reform, analysts told BNS.

The “Peasants” (LVŽS) are celebrating their second consecutive debate victory, shows a survey of experts done by LRT.lt after the social policy debate. The “Peasant’s” performance was once again voted as the best, however the lead over the Conservatives (TS-LKD) who were left in second place is only...

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

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 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...

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...