Even though Lithuania's economic growth rate surpasses that of other European Union member states, unemployment rate is higher than the regional average and, most importantly, it does not seem to be decreasing, notes economist Gitanas Nausėda.
© DELFI / Tomas Vinickas

According to Nausėda, in order to solve this issue, active retraining programmes and professional work orientation programmes are required. Furthermore, focus should not only be on youth, but also on long-term unemployed.

The economist says that long-term unemployed constitute 40-45 percent of all the jobless. Therefore measures must be taken to change the situation where thousands of vacancies are created, but employers complain that it is difficult to fill them. According to Nausėda, the flow of unemployed people to territorial labour exchanges could be reduced by liberalising regulation of small and medium-sized businesses, and reducing taxes.

Nausėda thinks that even though five years have passed after the global financial crisis, unemployment rate in Lithuania is unlikely to decrease. "In 2014, unemployment rate in Lithuania still stood at 12.4 percent and kept growing for the second quarter in a row. If no measures are taken, unemployment rate will slightly decrease in the upcoming months due to seasonal activity in the real estate market, construction sites, markets, hotels and restaurants. However, when winter comes, problems in the labour market will become more severe. I doubt if adopting the euro in 2015 will fix the situation," said Nausėda.

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