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LFMI moved to the new website WWW.EN.LLRI.LT


Please check for the new information our new website WWW.EN.LLRI.LT

One fifth of Lithuanian labour market is undeclared


According to Lithuanian Shadow Economy published by LFMI one fifth (22%) of Lithuanians has been involved in undeclared work.

Saving entrepreneurial future of Europe: Understanding and freedom


Over the past three years the share of European Union (EU) citizens who want to be self-employed has fallen from 45% to 37%, reports European Commission (EC). This year EC highlighted the need for more entrepreneurs in order to return the EU to economic growth and higher levels of employment. However, historical, cultural and economic background of diverse European countries has significant effects on attitudes towards entrepreneurs in European countries. Lack of in-depth knowledge might determine future revival of entrepreneurship in Europe, reveals the study by Lithuanian Free Market Institute (LFMI) today presented in Brussels.

Member States of EU lose billions in unpaid taxes from counterfeit and smuggled goods


The European Union and Member States lose billions in unpaid taxes every year from counterfeit and smuggled goods. Senior-level tax policy, tax administration and customs officials as well as academics, experts from Eastern European and other countries gather today in Vilnius for the two-day conference to address a range of issues involving the shadow economy. The International Conference on the Shadow Economy and Taxation is jointly organized by the International Tax and Investment Center (ITIC) and the Lithuanian Free Market Institute (LFMI).

Attitudes of Lithuanians towards entrepreneurs – value hard work, neglect the importance of innovation


Lithuanians associate an entrepreneur more with positive features and input to the economic wellbeing of the country, than with negative. Lithuanians see entrepreneurs more as hard working (38%), risk taking (35%) and less as cheating (13%) or selfish (11%). As well the majority of Lithuanians (74%) see entrepreneurs and businesses as creators of economic growth in the country. However, Lithuanians tend to give less credit for innovation and creation as important features of entrepreneurs' work.

The 31st Survey of the Lithuanian Economy


Lithuanian Free Market Institute presents the thirty first Survey of Lithuanian Economy. This survey first time was launched back in 1997. During the period we have realized, that new and important topics emerge in Lithuanian and world economics. Therefore, a more indepth analysis must be made. From now on the Survey of the Lithuanian Economy will have a leading topic, meaning that in every new survey important economic issues for Lithuania and the rest of the world will be covered. The topic of this survey is – business cycles. In the first and second parts of the survey the causes of business cycle and its impact on European and Lithuanian economy will be presented.

LFMI comments on European Commissions suggestions for the Tobacco Directive (2001/37/EC)


LFMI made a thorough analysis of European Commission’s proposal for the Tobacco directive (2001/37/EC), related public consultation and scientific evidence which was used in developing the proposal and provides comments and suggestions regarding the proposal.

Research: citizens of Baltic States justify and buy smuggled goods


Smuggling and consumption of illegal goods is justified by a large share of Lithuanians, Latvians and Estonians. 62% of Lithuanians, 51% of Latvians and 31% of Estonians, completely justify or rather justify smuggling and consumption of illegal goods such as cigarettes, alcohol products and fuel. Similarly, a large share of population in all three Baltic States thinks that the use of smuggled and illegal goods such as cigarettes, alcohol products and fuel has increased in 2012.

EU budget ‘should be cut by half’; LFMI study is presented in Brussels by New Direction


The budget of the European Union could function at half of the proposed cost to EU taxpayers while boosting economic growth, according to a new report, 50:50 for 2020,- published in Brussels today. The report is written by Lithuanian Free Market Institute senior expert Kaetana Leontjeva and presented by New Direction - The Foundation for European Reform.

Government appoints working group to look into country's tax system; Senior expert K. Leontjeva is a member


The Government appointed a working group to review the current tax system. LFMI senior expert Kaetana Leontjeva will be a member of this working group.

New Zealand ranked No. 1 in new comprehensive index of human freedom; U.S. and Denmark tied for seventh


New Zealand leads the world in human freedom, followed by the Netherlands then Hong Kong with the United States and Denmark tied for seventh, according to the most complete index of human freedom yet available, released today by the Fraser Institute, Canada’s leading public policy think-tank, and Germany’s Liberales Institut.

Register for the Think Tank School in Belgium till February 1!


Register for the Think Tank School in Leuven, Belgium till February 1! What is It About? Topics of the seminar include: fundraising, communication, strategic planning and coalition building.

Merry Christmas and Happy New Year!


LFMI wishes everyone Merry Christmas and Happy New Year!

Staff changes at LFMI


From the 21st of December, 2012 a long-time employee Rūta Vainienė is leaving Lithuanian Free Market Institute (LFMI). R.Vainienė was the special expert for the last year at LFMI. New members will join LFMI team shortly.

R.Griguolaitė. The EU enlargement: towards more free market or more restrictions?


The core stones of the EU have always been 4 freedoms what made the Union desirable and promising. However, the EU enlargement is not only physical – with new members joining, but also increasing in powers and regulatory fields. With Lisbon Agreement the EU evolved from an economic to ‘socio-economic’ union which caused the official shift from freedoms to more restrictions and regulation. Thus, nowadays the consequences of the enlargement depend on the chosen further direction: getting back to the promotion of 4 freedoms or expanding rigid regulation on markets.

Municipality Index 2012: Klaipeda is nr. 1 in economic freedom


Lithuanian Free Market Institute for the second time releases Municipality Index 2012. The index ranks 60 municipalities in Lithuania according to economic freedom.

LFMI releases a new publication on shadow economy in Lithuania


Lithuanian Free Market Institute (LFMI) introduces the new periodical publication “Lithuanian Shadow Economy“. The publication provides data about shadow economy in Lithuania and more specific data and insights in alcohol, fuel and cigarette markets. Figures report growing trend of the Lithuanian shadow economy since 2008.

IEA realeses a discussion paper on illegal alcohol industry in UK


New IEA paper shows the Treasury is losing as much as £1.2 billion every year to the illegal alcohol industry in UK.

LFMI proposes a stable money and euro exit plan


LFMI proposes a solution for restoring sound money in Europe.

Tax Freedom Day falls on May 20 this year


LFMI proposes to declare this date Taxpayer Appreciation Day.

"Lessons from Lithuanian austerity"


"Countries should prepare themselves for possible contractions before they come, identifying wasteful programs, stipulating priorities in government spending and being ready to cut the less relevant spending. Government spending should not be rigid and disregarding economic realities, instead it should adjust itself according to budget revenues. This is the only way to avoid painful tax increases, which do not always bring in more revenues and only deepen the recessions." | Kaetana Leontjeva, IREF

LFMI bridges and shares experience in think-tank management


A summary of the European Think Tank School for CEE Think Tanks in Vilnius.

People in the Baltic Countries See the Same Causes of Smuggling – High Taxes and Low Income


Lithuanians, Latvians and Estonians think that the primary cause of smuggling is taxes higher than the living standards in these countries, which generates differences in prices and gives rise to incentives to consume, or trade in, illegal goods. People of the three Baltic countries estimate that smuggling has been on the rise during the past three years. The largest portion of respondents who neither fully tolerate nor strictly condemn smuggling is in Lithuania. “Wages in envelopes” are the most spread in Latvia. Such results were revealed by a first representative sociological survey carried out in the three Baltic countries which was initiated by LFMI.

"The Taming of the Fiscal Shrew"


Lithuania has signed the commonly called Fiscal Compact, without any analysis or critical approach – just like the bulk of other initiatives coming from the EU, greeted with open arms. It still needs to be ratified by the Lithuanian Seimas. The options are limited – since the content of the treaty cannot be changed anymore, it is a question of either to accept it or to reject it. In making this decision, it is necessary to ask, what we are seeking after all. | Article by LFMI’s Senior Fellow Rūta Vainienė

LFMI LFMI’s position on Lithuania’s joining the euro zone


It is not the currency as such, it is its credibility that matters.

"Lithuanian business fears problems in the eurozone"


“When Lithuania missed the inflation criteria to join the eurozone, it was considered a big political failure. But given the present vulnerability of the eurozone, it may look like a windfall success. The LFMI survey shows that two-thirds of respondents think that the euro problems and the related risk of an export slump are the major sources of uncertainty and risk for companies today.” | LFMI’s Senior Fellow Rūta Vainienė, Libera’s blog

Comparative analysis "Employment Regulation in Lithuania and Estonia"


LFMI's study shows that employment in Estonia is less and more flexibly regulated than in Lithuania.

29th Survey of the Lithuanian Economy


Market participants polled by LFMI project that the Lithuanian economy will grow at a lower rate in 2012 compared to 2011, the rate of unemployment will not fall and the growth of household income will moderate. The LFMI respondents think that the major sources of uncertainty and risk for the business sector this year will be the euro problems, potential changes in taxes and politicians’ populist decisions related with the upcoming parliamentary election. One-tenth of Lithuanian businesses intends or seriously considers the possibility to transfer activity abroad.

LFMI Again Among Leading Think Tanks of Central and Eastern Europe


LFMI recognized as one of the top think tanks in Central and Eastern Europe for the fifth year in a row and remains the only organisation from Lithuania ranked in the study of the world‘s top think tanks.