Defense is a business worth 14% growth in specialists’ employment
Large-scale manufacturing projects in defence are part of national security, where tax incentives include a 0% corporate income tax for 20 years.
Large-scale manufacturing projects in defence are part of national security, where tax incentives include a 0% corporate income tax for 20 years.
Timid manufacturing alongside a recovery in demand indicates weak exports, while pro-social government policies pump wages at the expense of productivity.
LIAA has opened a new support program up to EUR 200,000 for start-ups to attract highly qualified staff in R&D in areas of smart specialization or RIS3.
The IMF recommends that getting competitiveness back on the track of growth needs decisive fiscal consolidation and increasing productivity.
Last February recorded a rise in the surplus balance of services (+31.6% to €790.7 million) and a decline in primary income deficit (-50.6%).
In Lithuania, healthcare professionals have become a rare commodity, whereas liberalization and privatization would allocate accountability more efficiently.
Latvia’s economy is projected to be sluggish: labour costs present risks to growth and competitiveness, while fuelling inflation.
Additional problems arise when the state softens the recession, widening the budget deficit with additional money into the economy.
The official opening of PAIH’s branch in Vilnius took place with a seminar for the fintech industry to discuss the local fintech strengths and challenges.
Lithuania’s optimism assumes a rapidly increasing household real income: will wages keep rising faster than prices with no consequences?