According to programme Lietuvos Ženklai (Signs of the Times) at lrytas.lt the Lithuanian economy is now stagnant and has faced many challenges over the past year, but it is neither growing nor shrinking – a […]
Lithuanian small and medium-sized enterprises (SME) are more optimistic about the future than Estonians, and a slightly smaller share of Lithuanian entrepreneurs than Latvians predict that the turnover of their companies will decrease next year, […]
Taking into account the intentions of the US and the European Central Bank to keep interest rates at higher levels for longer, the worsening outlook for the global economy, and the potential risks to EU […]
Several months have passed since the Bank of Lithuania’s last forecasts. The latest one, presented by the steward of the financial markets, shows both promising and not-so-good developments. The Bank of Lithuania projections that this […]
While some experts predict an imminent crisis, others discuss a possible upturn in the Lithuanian economy. At least for now, it is felt most in the labour market, where there are many, promising job offers, […]
We escaped from the Soviet Union as beggars, and now we have overtaken Portugal, Greece, Spain, and parts of Central Europe and are on the same level as Japan, said Andrius Kubilius, MEP of the […]
The state of the Lithuanian economy shows that its businesses are able to react quickly to change. However, the performance of economic sectors has been quite mixed, and while some companies have enjoyed their achievements, […]
A United Nations study reveals that Lithuania is among the 20 happiest countries in the world: its compatriots are as happy as the Germans and Belgians, and we even surpassed the French. This result makes […]
There are about 73,000 Ukrainians in Lithuania. The Bank of Lithuania estimates that refugees from Ukraine could have created €400 million in added value in 2022. This is about 1% of the country’s gross domestic […]
Despite the challenges posed by Russia’s war against Ukraine, Lithuania’s economy is showing resilience. The International Monetary Fund (IMF) predicts that economic growth will remain positive this year and is expected to reach 1.8%. Significant […]
Which social class do you consider yourself to be? 1.3 million – more than half of all Lithuanians – feel middle class. That’s according to a survey conducted in February. However, a few years ago, […]
According to experts, the pandemic has drastically changed Lithuania’s economic situation – both the financial sector and the habits and needs of Lithuanians over the past year. Simonas Krėpšta, Member of the Board of the […]
In the second quarter of this year, Lithuania’s GDP was 8.6% higher than the same period one year ago. What led to such growth, how sustainable is it and can we perceive any signs of […]
The coronavirus crisis has struck a major blow to the global economy. However, Lithuania’s economy was almost able to avoid economic shock, with the country posting among the smallest declines in its economy among all […]
The COVID-19 recession was widely expected to be the worst global economic crisis since the Great Depression and much worse that the Great Recession of 2008-2009. It can still be, but recent economic data suggests […]
Prompt adaptation by businesses to changed conditions, correct decisions by the Lithuanian government in containing the coronavirus outbreak and stimulating the economy, the finance sector’s resilience or simply fortune – this will long be a […]
On the News radio (“Žinių radijas”) show, Lithuania‘s bank board‘s director Vitas Vasiliauskas said that whilst the world economic scenario is being portrayed dramatically in Lithuania, the visible signs of ambiguity are preventing from making […]
Nordic-Baltic business law house Fondia prepared an analysis of government aid for business and individuals in several countries. It turned out that state aid for economy correlates directly with the tax burden, calculated as a […]
The world economy is currently experiencing its worst crisis since the Great Depression. The outbreak of COVID-19 virus and measures to curb it’s spread has caused the greatest shock to the world economy since the […]
The second decade of the 21st century, which was also the third decade after the re-establishment of the Republic of Lithuania, was exceptionally high. The 2010s in Lithuania were marked by a rapid rise of […]
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