Key Figures

Chief of State:
President Dalia Grybauskaite
Head of Government:
Prime Minister Saulius Skvernelis

Overview

Government Name:
Republic of Lithuania
Constitution:
Adopted: 1992; Serves as the legal foundation for all laws passed in the Republic of Lithuania. The modern constitution discusses human rights, government, parliament, the president, and the constitutional court.
Government Type:
Parliamentary Democracy
Republic of Lithuania Flag
Coat of Arms of Republic of Lithuania

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

A3
Changes in generally good but somewhat volatile political and economic environment can affect corporate payment behavior. A basically secure business environment can nonetheless give rise to occasional difficulties for companies. Corporate default probability is quite acceptable on average. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

The president figure is head of government of Lithuania. The prime minister serves as the head of the executive arm of Lithuania's government.

The president is elected by plurality vote. The prime minister is appointed by the president with the approval of the Lithuanian Parliament.

5 years

Judicial

Supreme Court has jurisdiction over all judicial matters. The Constitutional Court is responsible for presiding over constitutional matters.

Supreme Court judges nominated by the president and appointed by the Seimas. Constitutional Court judges selected by Seimas from among nominations by the president, by the Seimas chairperson, and Supreme Court chairperson.

Supreme Court: 5 years; Constitutional Court: 9 years

Legislative

Sets up committees for the purpose of consideration of draft laws and other matters, adopt legislation, parliamentary scrutiny, and have wide powers to make decisions regarding various European Union affairs as all permanent committees take part in the consideration of EU matters.

71 members are elected by absolute majority vote in single-member constituencies and 70 members are elected through an open-list proportional representation system.

4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance & State Tax Inspectorate
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/