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 […]
At the end of the 2019 year, Lithuanian economic growth has not fully lost momentum and this is something to celebrate. However, it does not inherently guarantee that without extra effort, we can expect further […]
They say that only after the first one hundred days can you really begin to be more critical of a president’s decisions, choices and behaviour. A hundred days is the limit for when the warmup […]
New proposals from President Gitanas Nausėda on how to reduce social poverty and improve demographic conditions have been met with criticism from economists. They believe that G. Nausėda’s proposals do not appear responsible and have […]
Already this year, the most powerful economy in Europe, that of Germany, could face recession. This country is one of the main trade partners of and investors in Lithuania. But our country’s industry is calm […]
Lithuania formed a surplus 2018 state budget for the first time since regaining independence in 1990, says Finance Minister Vilius Šapoka, adding this is necessary amid fast economic development and the need to accumulate reserves for a rainy day. […]
Lithuania’s 2018 state budget will be a surplus, and its spending will grow from this year, says Finance Minister Vilius Šapoka, however, refusing to specify any budget-related figures. […]
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