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. […]
Significant discussions have arisen in the public sphere – if the Lithuanian GDP is growing, are the people reaping the benefits of it? Economists assure that economic growth has been a positive impact on most […]
Lithuanian Prime Minister Saulius Skvernelis said on Wednesday that he saw no signs of crisis after Ramūnas Karbauskis, chairman of the ruling Lithuanian Farmers and Greens Union (LFGU), mentioned earlier in the day that another global economic crisis might be on the way. […]
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. […]
Lithuania’s economic indicators are no longer having an impact on emigration flows, a new trend that has been observed in recent years, the head of the Vilnius office of the International Organization for Migration (IOM) said on Tuesday. […]
This year’s UN World Happiness Report ranks Lithuania 52nd of the 155 countries in the ranking. Significant progress has been achieved over the past year, with Lithuania rising up from 60th place. Why are the Lithuanians feeling increasingly happier and what could increase this feeling of happiness Swedbank chief economist Nerijus Mačiulis asks? […]
Employers are struggling for employees still remaining in Lithuania and are raising wages at the fastest rate in the European Union, but emigration is hurting long term economic growth. […]
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. […]
The total debt of Lithuanian companies at the moment is around a billion euro. The level of debt is however decreasing, while crediting conditions and business liquidity have been improving, suggesting the beginning of a […]
Lithuania’s economy should grow by some 2.5 percent this year and expand by around 3 percent next year, driven by strong wage growth that supports private consumption, experts from the International Monetary Fund said on Tuesday at the conclusion of their visit to Lithuania. […]
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