Doctor Habilitation Science, Vilnius University, 1977. Professor, Vilnius University, 1980.
Division head, Institute National Economy, Lithuania, 1974-1977; director scientific research, Institute National Economy, Lithuania, 1977-1988; professor, Vilnius U., Lithuania, 1988-1993; adviser to President, Lithuania, 1993-1994; minister of economics, Ministry of Economics, Vilnius, since 1994. Expert member Academy Science, Lithuania.
Son of Antanas and Aurelija (Mantrimaite) V. Divorced; 1 child, Arturas. Married Egidija Laumenskaite, December 30, 1986.
1 child, Lukas.