SEB Bank has revised down Lithuania’s GDP growth projections, estimating that the country’s economy will grow 2.2% this year and 2.5% in 2017. In its earlier projections, the bank expected Lithuania’s GDP to grow 2.8% […]
Lithuania issued government bonds worth €15 million on Monday. The state will pay 0.489% interest on average for the bonds that will mature in eight years. By 1 July, the central government’s debt amounted to […]
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. […]
Some Lithuanian businesspeople have compared 2016 to the situation in 2006, the boom year before the 2008 crash.
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Lithuania’s economy could suffer a hit of up to 0.8% as the United Kingdom negotiates its divorce with the European Union, according to Lithuanian prime minister.
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Lithuania is to spend 1.79% of its GDP on defence next year, according to the draft budget for 2017.
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Lithuania ran a current account surplus of €37.1 million in the first quarter of 2016 compared to a deficit of over €300 million in the first quarter of 2015. The current account surplus was equal […]
If British voters opted for the Brexit option in Thursday’s referendum on the UK’s membership in the EU, other member-states would feel the hit to their economies. Ireland would suffer the biggest hit to its […]
Discussions surrounding Lithuania’s Labour Code reform is part of the global trend where capital is challenging workers’ rights and pushing to transfer all risks associated with business cycles onto labour, according to a Linköping University professor who analysed the discourse of both the advocates and opponents of the reform. […]
The Bank of Lithuania expects the country’s economy to grow 2.6%, leaving its earlier projections unchanged.
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In three weeks, British citizens are voting on whether to remain in the European Union. The results of the referendum are hard to predict with any certainty, but one thing is clear – Brexit would be most painful for the United Kingdom itself and the country’s economy. The situation of expat Lithuanians would also be inevitably affected. […]
The black economy in Lithuania is estimated to be worth more than €9 billion, or more than one billion euros more than the country‘s budget this year, which includes EU funding and other international supports. […]
Lithuanian population productivity, compared to Western European countries remains very low and the International Monetary Fund (IMF) think this problem could be best solved by extending the life expectancy rate in Lithuania. “Life expectancy is […]
Lithuania’s information technology sector is frequently discussed as a growing part of the economy, attracting foreign investment, bringing the benefits of job creation and increased taxes for the state. However, director of IT solutions company […]
Lithuania’s economy will grow, but at a slower pace than predicted, according to European Commission forecasts with GDP growing by 3.1% in 2017 instead of the 3.4% previously predicted. However, the Commission said Lithaunia‘s economy […]
Despite the Lithuanian economy growing for six consecutive years, the gap between regions in the country is not decreasing, according to the Swedbank Finance Institute’s annual comparative analysis of municipalities. “Along with economic exclusion, social […]
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