Economy

Strong Lithuanian economy growth despite Euro area weakness

Strong Lithuanian economy growth was impressive, it expanded 3.9% annually in this first quarter of 2019. Meanwhile, season and calendar adjusted quarterly growth stood at 1%, Swedbank announced.  Lithuanian economy growth was supported by very […]

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. […]

Economy

Lithuanian retail centres ‘nuclear bombs’ for small businesses, says Lithuanian industrialist

Lithuania is making the transition from to a developed market-economy capitalism but it is creating negative side- effects, said Robertas Dargis, president of the Lithuanian Confederation of Industrialists. […]

Gitanas Nausėda
CORPORATE

Dark clouds for Lithuanian economy ahead, economists say

Lithuanian economists have criticized the government’s “inaction”, saying that the country’s economy have grown despite rather than because of its economic policies. However, challenges loom ahead. […]

CORPORATE

Maxima Group turnover rises 3.6% to €2.7bn

Maxima Group, the Lithuanian holding group that owns the Maxima supermarket chain in the Baltic states, has reported a 3.6% growth turnover in 2015 to €2.677 billion. […]