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Large employers least indebted to Lithuanian State Social Insurance Fund in August y-o-y

Danuta Pavilenene, BC, Vilnius, 28.08.2012.Print version
Year on year employers solvency index (DIX ) which measures the total debt of employers to the State Social Insurance Fund Board under the Ministry of Social Security and Labor (SoDra) decreased by 13.5%, whereas the total State's employers debt year-on-year (from 2011 to August 23, 2012) went down by 8.2%, from LTL 224.7 million (EUR) to LTL 206.8 million (EUR).

The index shows that large employers owe the least to SoDra. However, the number of debtors has increased in the sector of very small employers.


According to Analyst at Lithuanian Confederation of Industrialists Aleksandr Izgorodin, the results of employers' solvency index show the continued recovery of Lithuanian economy and the optimistic short-term economic prospects.


"It should be noted that the production of Lithuanian producers remains competitive in terms of prices allowing the export oriented sectors to compete for new orders with exporters from other countries. For instance, the volume of Lithuanian export grew by 7.3%, while the export into the European Union's (EU) market increased by one tenth. Accordingly, the debt to SoDra dropped by 15.3%, "says the analyst.


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