Regulative burden

The question regarding the sanctions for executives must be reconsidered

19-04-2011
We have repeatedly warned the members of the Parliament regarding the new provisions in the Law of Competition that lay down personal responsibility for executives of firms who break this law. The prohibition to work in executive position for 3-5 years is too severe a punishment for a person who violated the law.

Control "Additives Free": good enforcement of the law instead of new requirements

08-04-2011
We propose to remove the requirement that all food products that display information by the producer that the product is "Additives free" or similar on the package must have laboratory tests that confirm this information. If in a specific case the said marking is misleading, and has the appearance of false advertising, the responsible institution should perform an investigation according to established order on every specific case regarding breaches of advertising regulations.
The daily Lietuvos žinios has published LFMI President R. Vainienė's commentary on this topic, "How the control of "Additives Free" should look like."

Shadow economy: the causes are clear yet the fight is unsuccessful

11-04-2011
What causes the shadow and how to fight it? Are the measures that the government is proposing, such as cash registers and restrictions on the use of cash a good way to fight it? What is the scope of the shadow economy in other European countries? What can we judge from the first two months of the year about the success of government's plan to draw one billion litas from the shadow economy? LFMI's Policy Analyst Vytautas Žukauskas has published an article on these topics in the weekly Veidas.
In addition to that, on April 20 we participated in the hearings "The effectiveness of the Governmental measures to fight the shadow economy during the first quarter of the year 2011, and their possible impact on the income for the budget".

Why the shadowy Albinas will not go to the bank?

05-04-2011
LFMI president R. Vainienė read a commentary on the Lithuanian Radio regarding the new ways the government is trying to fight the shadow economy. This time the government has decided to restrict the use of cash. Is that an appropriate measure? Or maybe the shadow is simply laughing at a fight like this?