Economy
Lithuania’s economic growth revised down for last quarter
Lithuania’s economic growth was lower than initially estimated in the final quarter of 2015, the latest figures from Statistics Lithuania showed on Monday. […]
GDP
CORPORATE
Businesses expect Lithuanian economy to bounce back in 2016
The Lithuanian economy grew at its slowest pace since 2010 last year at 1.6%, but rising business confidence and increasing orders should drive higher economic growth in the year ahead. […]
European Union
Schengen zone collapse could cost EU up to €1.4 trillion
A collapse of Schengen zone could cost the European Union’s economy as much as €1.4 trillion over the next decade, according to a new study. […]
CORPORATE
Stabilising global environment, stronger eurozone to boost Lithuanian business in 2016
Stronger growth in the Eurozone and a stabilising international environment, supported by strong domestic consumption should boost Lithuanian businesses in 2016, according to Swedbank. […]
CORPORATE
Lithuania’s demographic crisis needs to be tackled now, say economists
Demographics will soon be the biggest problem facing Lithuanian society and industry, leading economists have warned, urging Lithuanian politicians to address the massive emigration that has been draining the Lithuanian population for over a decade now. […]
Economy
Lithuanian economy to bounce back with 2.9% growth in 2016, says EC
The European Commission is predicting that the Lithuanian economy will grow by 2.9% this year following a lacklustre performance in 2015. […]
CORPORATE
Restored trade with Russian unlikely soon, says Ušackas
A restoration of trade relations between Moscow and Brussels should not be expected in the near future, said the European Union Ambassador to the Russian Federation Vygaudas Ušackas in a meeting with the businessmen of the port city of Klaipėda. […]
Economy
Mergers & acquisitions in Lithuania at slow pace in 2015
Global M&A activity grew to record levels in 2015, fuelled by some mega mergers in the pharmaceutical, energy and consumer industries. Lithuania bucked the trend with less consolidation and acquisitions than in the previous year and stood out as the least active in the corporate bond market. The findings on global and regional performance were presented by several industry experts at an event of the Estonian Chamber of Commerce on Wednesday. […]
CORPORATE
Unpredictable Poland is the new Russia for Lithuanian exporters, say economists
After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis. […]
Economy
Lithuanian GDP ‘to rise by over 3% every year to 2019’
Contracted export market and Russian economic stagnation last year slowed Lithuania’s gross domestic product growth, but this year the growth will be twice as fast and will rise from 1.6 to 3.2 percent, announces professional services company EY in the latest publication the Euro Forecast. […]
Economy
Economy
‘Increased consumer spending kept Lithuania out of recession in 2015’
Increased household consumption and investment are increasingly driving economic growth in Lithuania – without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists. […]
Economy
Economy
Lithuania to redraw regional divisions to maximize EU support
The Lithuanian government has endorsed a proposal to redraw the country’s regional divisions in order to keep some of the European Union support after 2021. […]
Economy
Economy
Modest growth or stagnation: what happened in Lithuania in 2015?
According to Gitanas Nausėda, the advisor of the president of SEB Bank, 2015 wasn’t a very special year for Lithuania, though, considering Lithuania’s GDP growth, it would be wrong to call it a stagnant year as well. […]
Politics
President Grybauskaitė on government’s 2015 accomplishments: strategy of idleness is not productive
Looking back at the achievements of the government headed by social democratic Prime Minister Algirdas Butkevičius over 2015, President Dalia Grybauskaitė says that while there are considerable accomplishments, procrastination in certain area will mean that the next government will inherit serious problems. […]
Economy
Lithuania’s economic growth to almost double
Lithuania’s economy should grow 2.9% next year, almost double this year’s rate of 1.7%, according to the director of Economics and Financial Stability Service of the central Bank of Lithuania. […]
Global LT
Drop in expatriate remittances spells bad news for Lithuanian economy
Remittances from the Lithuanian diaspora has long played a significant role in the country’s economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from falling into poverty. Statistics indicate, however, that remittances have dropped significantly this year. […]
Economy
Lithuanian PM rejects criticism of 2016 government budget
The National Audit Office of Lithuania has issued a warning that the draft state budget for 2016 is on the verge of breaching fiscal rules and that Lithuania is not ready to counter financial shocks. Prime Minister Algirdas Butkevičius has dismissed the criticism and said that budget revenue figures improved due to better tax administration. […]