Resource information
Lithuania's long-term economic
strategy aims at building the foundations for achieving
rapid convergence with Western European countries. The
medium-term objective of the economic policy is to meet the
economic criteria for accession and to get ready for
membership in the European and Monetary Union (EMU) after
accession. This will be acheived through continued
macroeconomic stability, fiscal consolidation, and further
implementation of structural reforms needed for an efficient
functioning of the market economy, improved productivity,
and enhancement of competitiveness. This report focuses on
three critical elements of the structural reform agenda: 1)
labor market reform, aimed at increasing labor market
flexibility and improving the utilization of labor resources
throughout the economy; 2) regulatory reform and reform of
the business environment, to support private sector
development and growth in both urban and rural areas; and 3)
social protection reform, to improve targeting,
effectiveness, and efficiency.
