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lithuania

December 9, 2020
Published by EPICENTER on December 9, 2020
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The Unemployment Trap In Lithuania

Prior to the crisis triggered by the COVID-19 outbreak, the Lithuanian economy had been enjoying a rapid growth. Yet, while the number of available jobs had been increasing, the number of unemployed had remained steadily high.
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May 10, 2016
Published by LMFI on May 10, 2016
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Shadow Economy Is Caused by Bad Government Decisions, Not “Bad” People

Over the past year, the shadow economy in Lithuania has decreased from 27% to 26% of the GDP. This is not surprising as, according to the same calculations, the shadow economy has been contracting for five consecutive years.
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November 25, 2015
Published by LMFI on November 25, 2015
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Shadow Economies in the Baltic Sea Region 2015

A new report by the Lithuanian Free Market Institute looks at perceptions and prevalence of the shadow economy in the Baltic Sea region. The shadow economy can be defined as the economic activity conducted outside of a country’s official economy, such as black market transactions and undeclared work.
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May 1, 2014
Published by EPICENTER on May 1, 2014
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Facts and Analysis: the Small Loans Market and Regulation in Lithuania

The small loans market (quick credit, pay-day loans) often gets a lot of criticism in the media. Its critics state that the market has too little supervision; that the industry does not properly assess the ability of customers to repay their loan; and that interest rates are artificially high.
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