On June 7th, a conference "Inflation, Wage, and Their Impact on Competitiveness in Lithuania" took place at the Faculty of Economics and Business Administration of Vilnius University. During the conference, the Chairman of the Board of the Bank of Lithuania, Gediminas Šimkus, the Minister of Finance of the Republic of Lithuania, Gintarė Skaistė, and the Head of the International Monetary Fund (IMF) mission in Lithuania, Borja Gracia, discussed the most important recent economic changes in Lithuania and the factors influencing them.