DELFI / Mindaugas Ažušilis
GDP growth in 2016 was also revised in the latest macroeconomic review by SEB bank, it was reduced from 3.5 to 2.8 percent. The average inflation in 2015 was revised from minus 0.4 to minus 0.7 percent, while 0.3 percent inflation is still expected in 2016. In addition, in 2017 prices are expected to increase by 1.2 percent on average.
According to SEB bank analysts, in the first half of 2015 Lithuania’s GDP growth rate was slower than Latvia’s and Estonia’s. It was mostly influenced by greater export dependence on the Russian market, in which purchasing power is falling. SEB bank noted that in the first and second quarter of 2015 Lithuania’s economy was driven by domestic consumption.
While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…
Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…
"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…
Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…
The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…
In recent years, Vilnius, the vibrant capital of Lithuania, has experienced a culinary renaissance. While…