The European Union member states are struggling with three major problems – migration, strengthening the Eurozone and the United Kingdom‘s withdrawal conditions. The first question worries the so-called populists the most, the second – France, […]
If we were to measure quality of life based on GDP per capita, Lithuanians would have nothing to complain about. At least this is what economists from the bank Luminor state in their newest review […]
Here are some of the major events to watch for in Lithuania’s politics, culture and society in 2018: […]
The European Commission proposes to transform the 500-billion-euro European Stability Mechanism (ESM) into a European Monetary Fund (EMF) to more rapidly respond to financial difficulties in Eurozone member states. […]
The European Central Bank evaluated the Lithuanian, Latvian and Estonian economies, also warning regarding future threats. There are three of them, but the very first is how to maintain competitiveness, which is declining due to […]
While the stereotypical perception of emigration in Lithuania holds that most emigrants are low-skilled labourers toiling in the agricultural farms of Norway or the UK, the reality is much more complex, experts say. “Economic reasons […]
Lithuania’s unemployment rate dropped from to 8.2% in April as unemployment across the European Union fell slightly from 8.8% to 8.7%, according to Eurostat data. This is a slight decrease on the 8.4% unemployment rate […]
Industrial production volumes in the eurozone, the European Union and Lithuania decreased during the first month of spring compared to the previous month, according to Eurostat. Industrial production in the EU contracted by 0.5% in […]
Lithuania’s consumer price index rose 1.1% in March mirroring rises across the eurozone, up 1.2%, and the EU (up 1%), according to the latest figures from Eurostat. In March, Portugal (2.2%), Italy (2.1% ) and […]
Lithuania’s exports are expected to jump 5% to €11.1 billion in 2016 driven by stronger economic growth in both the Eurozone and Scandinavian countries, according to Enterprise Lithuania’s latest projections. […]
Lithuania has been commended by the Eurogroup, the meeting of eurozone‘s finance ministers, for its efforts to cut budget deficit and rein in public spending, says Finance Minister Rimantas Šadžius. […]
Stronger growth in the Eurozone and a stabilising international environment, supported by strong domestic consumption should boost Lithuanian businesses in 2016, according to Swedbank. […]
With the new year will come new changes to Lithuania’s tax codes and other laws that will change residents’ everyday lives and hopefully propel the country towards continued growth. […]
Lithuanian economic growth this year has been the slowest among the Baltic countries, but analysts at Danske Bank predict that the country’s gross domestic product growth next year will be faster than in Estonia and, in 2017, will bypass Latvia as well. […]
Having joined the eurozone this year and successfully advertised its natural and urban wonders, Lithuania has become a new darling of international travel ‘listicles’. Its brushed-up capital, ambitious start-ups and emerging foodie hotspots make many visitors wonder if this is really one of the poorest countries in the European Union. Much of the country’s hardships, however, have been cushioned by de-industrialised peripheral towns – like Alytus. Having lost most of its industries, the town is looking for new, global inspiration. […]
It has been almost a year since Lithuania has abandoned its national currency for the euro, but many Lithuanians still cling to the litas. A recent survey shows that two out of three Lithuanian shoppers would prefer to see prices indicated in both currencies, the litas and the euro, TV3 television reports. […]
The Eurogroup, which has discussed the European Commission‘s (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle […]
As many as 65 percent of Lithuanians, most of them younger people (aged 15-34 years), say they are already used to changes after the euro adoption, the latest survey for September has shown. However, compared to February’s survey, considerably more respondents believe that prices of goods and services have gone up after the introduction of the new currency. […]
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