Economy

Half-hearted reforms won’t raise competitiveness of the Baltic Region – Swedbank

Russia has exited recession and now all the Baltic Sea region (BSR) economies are expanding, but growth is expected to be modest. The global rise of populism and anti-establishment moods, although promising fiscal expansion that may boost short-term growth, builds up risks of protectionism with a negative impact on long-term growth, Swedbank writes in its annual Baltic Sea Region Report. […]

CORPORATE

Lithuanian wages growing faster than productivity

The accelerating rate of Lithuanian wage growth has not been met with an increase on labour productivity and the Bank of Lithuania says this could be a problem for the country’s economy. Labour productivity has […]

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CORPORATE

Russian crisis knocked 2.6% off Lithuania’s economic growth

If not for the impact of the economic crisis in Russia, Lithuania’s economy would have grown by 4.2% rather than 1.6% last year, according to Nordea bank economists. […]

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Economy

Lithuanian economy to bounce back with 2.9% growth in 2016, says EC

The European Commission is predicting that the Lithuanian economy will grow by 2.9% this year following a lacklustre performance in 2015. […]

Economy

EC downgrades Lithuania’s GDP growth projections to 1.7 percent

Economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy, the European Commission said. […]