The European Commission (EC) announced in its Spring 2015 Economic Forecast that Lithuania’s gross domestic product (GDP) is expected to grow by 2.8 percent, whereas domestic consumption should be the major factor determining economic growth. […]
One in ten respondents in Lithuania reported that the economic situation of their household and the country as a whole has improved over the last two months. […]
Food distribution, energy and pharmaceutical products, as well as telecommunications and the Internet, are the sectors where Lithuanians are most likely to have experienced problems due to a lack of competition, according to a Flash Eurobarometer survey. […]
“We are pleased that the revised GDP for 2014 compared to 2013 increased by 3 percent rather than by 2.9 percent as it was announced in the preliminary estimates. The higher growth was driven by the growth of the construction industry, also, the Government’s decisions regarding housing renovation under the new programme,” Lithuanian Prime Minister Algirdas Butkevičius said on Monday, referring to revised data from Statistics Lithuania. […]
Compared to December 2014, the number of bankruptcies in January increased by a third, while the number of distraints decreased by a third. […]
Lithuania’s economy is expected to maintain growth of 3.0 percent in 2015, despite a fall in exports to Russia. Domestic demand is set to remain the main growth engine, as employment and real disposable incomes rise. Inflation stays low and public finances improve slightly, the European Commission said in a statement. […]
Disproving the widely popular opinion, startups in Lithuania are no longer a sphere for students. The number of entrepreneurs with higher education has doubled in the last two years, while their average age has increased by two years. […]
Lithuania has already reached the bottom of the impact of Russia‘s economic downturn and has effectively withstood the biggest hit, says Lithuanian Finance Minister Rimantas Šadžius. […]
Baltic small- and medium-scale companies stick to more moderate financial growth plans for 2015. However, despite the current geopolitical tensions, they see further growth opportunities. […]
Lithuanian Prime Minister Algirdas Butkevičius, accompanied by a business delegation, is to leave on a visit to Oman on Monday. […]
In 2014, annual deflation was running at 0.3 percent in Lithuania. […]
Consumer confidence indicator improved by 7 percentage points in January 2015 against December 2014, however people still pessimistically assess the country’s economy and their households’ financial situation. […]
In 2014, Lithuania’s gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36,270.8 million (LTL 125,236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9 percent, Statistics Lithuania announced. […]
Lithuania has gone up six notches to rank 15th among 178 countries worldwide in the latest economic freedom ranking released by the US-based think tank Heritage Foundation. […]
Statistics Lithuania forecasts that monthly deflation measured by the Harmonised Index of Consumer Prices (HICP) is likely to be zero in January and amount to 0.0 percent, compared to December 2014. […]
Lithuania’s Minister of Finance Rimantas Šadžius says that if the economy and wages grow, then raising the minimum monthly salary to EUR 325 from 1 July will not have a negative effect on public finances. […]
Economists from eight different research institutions of Lithuania have presented the results of the common project entitled Long-Term Competitiveness Challenges of Lithuanian Economy. Demography and emigration, they say, is the most pressing issues in planning for the future. […]
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