Government Hour in the Seimas
Economy

2018 state, SoDra, health insurance fund budget drafts registered at Seimas

Surplus 2018 budget drafts of the Lithuanian state and the state-run social insurer SoDra have been registered at the Lithuanian parliament along with the balanced budget of the mandatory health insurance fund, with the bills to be presented to parliamentarians on Thursday. […]

Money
Economy

Finmin says surplus budget possible in future too

Lithuania’s general government budget balance last year moved into positive territory for the first time in 26 years and Finance Minister Vilius Šapoka says that a budget surplus is possible in the future too. […]

Money
Economy

GDP growth slows in Q3 due to shrinking investments

Annual Lithuania’s GDP growth decelerated to 1.7% in the third quarter of this year. Seasonally and working day adjusted quarterly growth decelerated from 0.4% in the second quarter to 0.1% in the third quarter. Household demand remained the main driver of growth, while shrinking investments was the largest drag on growth, Swedbank announced. […]

CORPORATE

Is Lithuania ready for the end of EU money bonanza?

At the moment, Lithuania receives about €623 of EU support per person. The amount will go down significantly after 2020. “This is when we’ll see who’s been swimming naked,” says economist Žygimantas Mauricas. […]