Lithuanians to spend more on Xmas gifts this year

“A growing number of households can increase their spending on gifts. Their incomes grow, and so does spending on gifts,” Odeta Bložienė, the Lithuanian head of the Swedbank Personal Finance Institute, said at a news conference on Friday.

Around 50 percent of respondents said that would spend between 31 and 100 euros on Christmas gifts, up from 42 percent who said so last year, and 21 percent said they would spend more than 100 euros, up from 19 percent.

Related Post

Some 13 percent planned to spend up to 30 euros, down from 20 percent, and another 7 percent said they would not buy any gifts.

The percentage of those who planned to buy their gifts online rose to 21 percent, from 16 percent.

Share

Recent Posts

  • Culture

Lens on Movement: Ukrainian and Lithuanian Photos at Luxembourg’s European Mobility Week

Celebrating the European Mobility Week (16-22 September), the City of Bissen in Luxembourg will present…

3 days ago
  • Economy

Lithuanians will have to open their wallets even wider: goods and services will become more expensive

According to TV3.lt, Swedbank economists raise their GDP growth forecast for Lithuania and believe the…

1 week ago
  • Economy

Janulevičius. Lithuania’s economy looks better than Estonia’s or Latvia’s, but we shouldn’t be happy about it

From Q1 2022 onwards, Estonia has been in a prolonged recession. Yes, we also had…

2 weeks ago
  • Tribune

EMBank’s earnings for the first half of 2024 have increased by over 50%

European Merchant Bank (EMBank), a provider of financial solutions to small and medium-sized businesses, has…

2 weeks ago
  • Latest

Resorting to anger when it should be apologising: experts on Gabrielius Landsbergis

As the debate on the Landsbergis' assets continues in the public sphere, political analysts are…

3 weeks ago
  • Economy

Preliminary housing purchase contract – what not to be afraid of and what to check before signing

A preliminary contract is usually signed when buying a new dwelling directly from the developer…

1 month ago