3. Employment & Entrepreneurship
Youth employment and entrepreneurship are currently among the political priorities in Lithuania. Young people are more vulnerable due to the fact that their life stages are changing, they lack professional experience, their education is sometimes insufficient, their social protection is often limited, they have difficulty accessing financial resources and their working conditions are not always secure. Therefore, appropriate support measures are needed, while recognizing the personal responsibility of young people. The youth labour market in Lithuania is difficult and fragile, but according to OECD report, there are indications that it is improving. Moreover, according to OECD report youth in Lithuania are among the most active in entrepreneurship in the EU. The business ownership rate suggests a high level of entrepreneurship activity among youth in Lithuania e.g. in the 2009-2013 period, 6.9% of youth were new business owners, which is the highest rate among EU countries. The current the Action Plan of the National Youth Policy for 2022 has the goal to ensure the development of the infrastructure of youth employment and promote youth employment, youth entrepreneurship and social entrepreneurship and create more favourable conditions for these activities.