Lithuania's taxation system is conducive to social inequality with a disproportionate burden falling on labour income, and taxes on capital half that of the European Union average, according to leading economists.
International Monetary Fund
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On April 3, the Panama Papers hit media outlets around the world, and the fallout was swift.
The International Monetary Fund (IMF) says Lithuania should put a pause on raising the minimum wage in order to sustain its economic growth.
International Monetary Fund (IMF) is starting its latest mission in Lithuania and along with examining a range of marcoeconomic conditions it will look to analyse the distribution of income and impact of the minimum wage on Lithuania's economy.
The International Monetary Fund warned on Wednesday that will halt its €35 billion bailout programme to Ukraine unless the country takes immediate action to tackle rampant corruption.
The Eurogroup, which has discussed the European Commission's (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle
The Research Centre, founded by the Bank of Lithuania and Vilnius University, has set up a team of talented scientists and commences active operations this month.
The Lithuanian government on Monday approved a deal on a three-year 86-billion-euro bailout for Greece from the European Stability Mechanism (ESM) and the disbursement of the first tranche of 26 billion euros.
The Lithuanian government on Thursday approved in principle the European Commission's decision to negotiate, together with the European Central Bank and the International Monetary Fund, with Greece on financial assistance to the country under the European Stability Mechanism (ESM).
The Lithuanian cabinet of ministers on Thursday is to hold an extraordinary meeting over Greece's debt crisis.
Everyone respects the decision made by Greece to hold a referendum on a deal with its creditors, says foreign affairs advisor to the Lithuanian president Renaldas Vaisbrodas. He hopes the referendum will be helpful to the people of Greece.
Greece's fate is in the hands of its citizens after the country decided to call a referendum on the latest terms of a debt deal proposed by its EU and IMF creditors, Lithuanian Prime Minister Algirdas Butkevičius said on Sunday.
Although eurozone finance ministers have not extended Greece's bailout program, the country stays in the single currency, Lithuanian Finance Minister Rimantas Šadžius has said, adding that the EU will use other means to help Greece, such as structural funding, and that the country now has to take me...
After negotiations between Greece and its international lenders failed, the country's future in the eurozone may not be settled until this autumn, says Lithuania's Finance Minister Rimantas Šadžius. Asked to comment whether Greek banks will open on Monday, the minister said he was not sure.
Debt-ridden Greece will hardly be able to pay 1.6 billion euros to the International Monetary Fund (IMF) by June 30 without external financial support, Lithuania’s Finance Minister believes.
On 28 May, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lithuania. It considered and endorsed the staff appraisal without a meeting, the organisation reports.
Greek Prime Minister Alexis Tsipras held "friendly and constructive" debt talks with the leaders of France and Germany Thursday, but gave no sign of a breakthrough ahead of a crucial June deadline.
The Global Lithuanian Leaders network, a worldwide organization for Lithuanian professionals, recently collaborated with the Enterprise Lithuania group and made a visit to the United States at the end of April.
Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth - less detrimental to economic growth - are ...
Greece could learn from Lithuania how to implement reforms during the crisis instead of focusing on getting external support, Finance Minister Rimantas Šadžius said on Friday as he arrived at the Eurogroup’s meeting in Riga.
