1 Bahraini Dinar = 7.8078 Lithuanian Lita

1 Chilean Peso = 0.0036 Lithuanian Lita

1 Maldivian Rufiyaa = 0.1905 Lithuanian Lita

1 Malaysian Ringgit = 0.6813 Lithuanian Lita

1 Nicaraguan Cordoba Oro = 0.0858 Lithuanian Lita

1 Netherlands Antillean Guilder = 1.6448 Lithuanian Lita

1 Estonian Kroon = 0.207 Lithuanian Lita

1 Danish Krone = 0.4291 Lithuanian Lita

1 Fiji Dollar = 1.3106 Lithuanian Lita

1 New Zealand Dollar = 1.8124 Lithuanian Lita

1 Croatian Kuna = 0.4256 Lithuanian Lita

1 Peruvian Nuevo Sol = 0.8687 Lithuanian Lita

1 Dominican Peso = 0.0536 Lithuanian Lita

1 Papua New Guinean Kina = 0.8608 Lithuanian Lita

1 Brunei Dollar = 2.0893 Lithuanian Lita

Lithuania is enjoying a boost in FDI project and jobs, with the capital, Vilnius, getting the lion's share.

The Lithuanian Business Support Agency (LSBA) has granted €235,000 (US$267,500) to support development of an experimental floating solar photovoltaic power plant at the existing 900-MW Kruonis pumped-storage hydroelectric plant in Lithuania.

The European Commission has approved a €385 million (US$429.7 million) renewable energy scheme to support renewables generation in Lithuania, including hydroelectric power.

The Ohio Division of Financial Institutions has liquidated the Taupa Lithuanian Credit Union of Cleveland, Ohio, and appointed the National Credit Union Administration as liquidating agent.

Overview Our previous briefing on this topic (Coronavirus: Implications for Employers) set out the main issues facing employers when dealing with the COVID-...

Lithuania has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Lithuania will become the 42nd Party to the OECD Anti-Bribery Convention on 15 July 2017, 60 days after the deposit of its instrument of accession.

This page contains all information relating to implementation of the OECD Anti-Bribery Convention in Lithuania.

Lithuania has taken significant steps to strengthen its legislative framework to combat foreign bribery. Yet further efforts are needed to ensure effective enforcement of anti-bribery laws with regard to corporate liability and imposing sanctions for foreign bribery, including confiscation, according to a new report by the OECD Working Group on Bribery.

This review of Lithuania by the OECD Committee on Financial Markets examines Lithuania’s position with respect to core principles related to financial systems.

Imports from Lithuania in Turkey decreased to 41727.63 USD THO in March from 47874.36 USD THO in February of 2020. Imports from Lithuania in Turkey averaged 28326.75 USD THO from 2014 until 2020, reaching an all time high of 72863.21 USD THO in May of 2017 and a record low of 4688 USD THO in September of 2019. This page includes a chart with historical data for Turkey Imports from Lithuania.

Lithuania has made remarkable economic and social progress, but further policy reforms will be necessary to ensure a more productive and inclusive economy, according to the first-ever OECD Economic Assessment of Lithuania.

Inequality measures in Lithuania (like in Estonia and Latvia) are high. To an important extent this is related to the high risk of poverty for non-working individuals and to the low rewards to work. Therefore, increasing the quality of jobs, ensuring that the most vulnerable have access to employment and providing adequate income support for those that have lost their job are key for making labour markets and the economy more inclusive.

GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.

GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.

In the past two decades, the income level in Lithuania has steadily risen toward that of OECD countries. Between 1995 and 2013, GDP per capita rose from one third to two thirds of the OECD average. Productivity catch-up was critical to this process, aided by enhanced integration into the global economy which enabled the adoption of more advanced production technologies from abroad.

Lithuania’s economy has grown faster than most other OECD economies over the past 10 years, unemployment continues to fall and public finances have stabilised after a long period of deficits and rising debt.

The Public Governance Review of Lithuania was launched in Vilnius on 19 June 2015 as part of the closing event of Lithuania’s Open Progress Forum "Innovative Public Sector – Mission (Im)possible?".

This report evaluates the corporate governance framework for the Lithuanian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Lithuania, reviewed by the OECD Working Party on State Ownership and Privatisation Practices and is based on discussions involving all OECD countries.

Household Saving Rate in Lithuania decreased to -1.23 percent in 2018 from 0.29 percent in 2017. Personal Savings in Lithuania averaged 2.93 percent from 1995 until 2018, reaching an all time high of 8.42 percent in 2010 and a record low of -4.06 percent in 2007. This page provides - Lithuania Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lithuania scored 60 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Lithuania averaged 51.05 Points from 1999 until 2019, reaching an all time high of 61 Points in 2015 and a record low of 38 Points in 1999. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Lithuania Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.