Economy Archives - Page 7 of 7 - the Lithuania Tribune

Central bank warns about slower than expected economic growth in Lithuania

December 14, 2014 ELTA EN 0

Growing consumption and investment encourage consistent growth of Lithuania’s economy; however, a poorer outlook for the country’s major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for next year. The Bank of Lithuania projects a 3.1 percent growth in GDP next year, and this is less by 0.2 percentage points than was projected in September, the Bank of Lithuania informs. […]

Consumption per capita in Lithuania 22 percent below EU average in 2013

December 14, 2014 ELTA EN 0

Actual Individual Consumption (AIC) is a measure of material welfare of households. In 2013, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 49 percent to 136 percent of the European Union average across the Member States, according to Eurostat, the statistical office of the European Union. […]

Opinion: Reality check for Russia

December 8, 2014 www.lrt.lt 0

If there was anything surprising in Russian President Vladimir Putin’s annual address to the Federal Assembly it was that there was nothing new in it. It seems that slowly, very slowly, something is dawning on the Kremlin: a gloomy realization that Vladimir Putin is no saviour. […]

Consistent growth of average monthly earnings in Lithuania

December 7, 2014 ELTA EN 0

Average monthly pre-tax earnings in the third quarter of this year grew in companies, institutions and organisations in all counties of Lithuania, Statistics Lithuania reports. […]

The Economist forecasts lower GDP growth for Lithuania than government estimates

December 3, 2014 BNS 0

Next year Lithuania’s economy should grow 2.7 percent, a lower indicator than projected by the Finance Ministry but more than the majority of other European countries, says the Economist Intelligence Unit of the British business daily, The Economist. […]

Lithuania’s economy to face sustainability challenges

November 19, 2014 ELTA EN 0

Despite Russia’s embargo and the complicated situation in top export markets, Lithuanian economic growth in 2014 will be among the fastest in the EU member states. […]

Annual inflation increased to 0.1% in October

November 10, 2014 Laura Galdikiene 0

In October the prices of consumer goods and services increased by 0.1%, both in annual and in monthly terms. Average annual inflation remained at 0.2% in October and was 1.2 percentage points lower than a year ago. […]

Lithuanian economy to grow fastest in Baltics in 2014-2015

November 7, 2014 Baltic Business News 0

According to the latest EU economic growth report of the European Commission, Lithuania will see the fastest growth in the Baltics in 2014 and 2015. […]

Can Lithuania replicate the “Irish miracle”?

November 5, 2014 DELFI EN 0

The first decade in the European Union has been good for Lithuania. There is still much to be done, however, if Lithuanians want make full use of their EU membership in the years to come. […]

EC downgrades EU’s GDP growth expectations

November 4, 2014 ELTA EN 0

In its autumn forecast the European Commission has reduced economic growth expectations both for the European Union and the euro area in 2014 and 2015. Slow recovery with very low inflation is expected. […]

Lithuanians more optimistic about economic outlook

November 2, 2014 ELTA EN 0

Compared to September, Lithuanian residents are slightly more optimistic about the outlook for the coming 12 months regarding changes in unemployment level, the country’s economic situation and their household financial situation. […]

Annual deflation at 0.1 percent in September

October 8, 2014 Laura Galdikiene 0

Prices of consumer goods and services increased by 0.4% in September, compared with August, while consumer prices declined by 0.1% in annual terms. Average annual inflation remained at 0.2% in September and was 1.5 percentage points lower than a year ago. […]

Russian embargo impact on Lithuanian economy overstated, financial analyst says

September 24, 2014 ELTA EN 0

Advisor to the SEB Bank president, financial analyst Gitanas Nausėda says that the impact of Russia‘s food product embargo on the Lithuanian economy has been greatly overstated. […]

Almost half Lithuanians think economic situation got worse

September 22, 2014 ELTA EN 0

In August, 12 percent of the polled Lithunian residents said that the economic situation in the country had improved over the last two months. 42 percent said it had not changed, while 44 percent said it had gotten worse. […]

Lithuanians’ outlook on economy and household finances improves

August 19, 2014 ELTA EN 0

In July, 17 percent of the polled stated that, over the last two months, economic situation in Lithuania had improved, while 56 percent said that it had remained unchanged, and 23 percent indicated that economic situation had worsened. 4 percent of respondents had no opinion on the matter. […]

Latvia’s annual GDP growth at 2.5 percent

August 11, 2014 Swedbank 0

Latvia‘s annual GDP growth slowed to 2.5% in the second quarter of 2014 from 2.8% in the previous quarter, according to the flash estimate by the Central Statistical Bureau (CSBL). At the same time, seasonally adjusted quarterly growth picked up to 1% (0.6% in the first quarter). […]

Estonia’s economic growth above expectations

August 11, 2014 Swedbank 0

According to the flash estimates, the GDP turned to the real growth of 2.2% in annual comparison in the 2Q. In quarterly comparison the GDP increased by 0.5% (seasonally and working-day adjusted). […]

Annual inflation at 0.3% in July in Lithuania

August 8, 2014 Laura Galdikiene 0

Prices of consumer goods and services declined by 0.5% in July, compared with June, but annual inflation accelerated to 0.3%. Average annual inflation was at 0.3% in July – 1.9 percentage points lower than a year ago. […]

Lithuania’s GDP reaches pre-crisis level

July 30, 2014 Laura Galdikiene 0

According to the flash estimate, in the second quarter of this year annual GDP growth decelerated marginally to 3.1%. Seasonally and working day adjusted quarterly growth was unchanged at 0.7%. After six years GDP has finally reached the pre-crisis level. Estonian economy could reach pre-crisis level next year, while Latvian prospect is a little more distant. […]