December 9, 2020

The Unemployment Trap In Lithuania

Prior to the crisis triggered by the COVID-19 outbreak, the Lithuanian economy had been enjoying a rapid growth. Yet, while the number of available jobs had been increasing, the number of unemployed had remained steadily high.
May 1, 2014

Facts and Analysis: the Small Loans Market and Regulation in Lithuania

The small loans market (quick credit, pay-day loans) often gets a lot of criticism in the media. Its critics state that the market has too little supervision; that the industry does not properly assess the ability of customers to repay their loan; and that interest rates are artificially high.