The paper by Klyviene examines the prospects for budgetary policy in Lithuania. It evaluates the recent evolution of public debt and provides estimates concerning contingent liabilities. The paper also examines demographic trends and points to a sizeable increase in the dependency ratio. It also...

The labor and economic market has several areas of concern for Lithuania; an aging population, low minimum wage, emigration, labor supply shortage, and a high unemployment rate. As far as recruitment of the workforce, half of all employers recruit based on referral of friends and relatives, not...