GDP Archives - Page 8 of 10 - the Lithuania Tribune

Lithuania’s economy grew more than estimated in 2014

March 3, 2015 ELTA EN 0

“We are pleased that the revised GDP for 2014 compared to 2013 increased by 3 percent rather than by 2.9 percent as it was announced in the preliminary estimates. The higher growth was driven by the growth of the construction industry, also, the Government’s decisions regarding housing renovation under the new programme,” Lithuanian Prime Minister Algirdas Butkevičius said on Monday, referring to revised data from Statistics Lithuania. […]

Danske Bank reduces Lithuania’s GDP growth estimate to 2.5 percent

February 15, 2015 ELTA EN 0

According to the calculations carried out by Danske Bank, falling import in Russia will cost Lithuanian economy EUR 0.5 billion in nominal value in 2015, i.e. more than projected earlier. Therefore, Danske Bank has reduced Lithuania’s GDP growth estimate from 2.7 to 2.5 percent. In 2016 GDP growth should return to 3.1 percent, the latter estimate has not been changed. […]

Lithuania’s companies set off losses in CIS with exports to new markets

February 8, 2015 ELTA EN 0

Due to the current geopolitical tensions and crisis, Lithuania’s exports to the region of the Commonwealth of Independent States (CIS) last year declined by EUR 158 million, however, at the same time exports to new markets grew by EUR 176 million. […]

EC forecasts 3-percent growth for Lithuanian economy in 2015

February 5, 2015 ELTA EN 0

Lithuania’s economy is expected to maintain growth of 3.0 percent in 2015, despite a fall in exports to Russia. Domestic demand is set to remain the main growth engine, as employment and real disposable incomes rise. Inflation stays low and public finances improve slightly, the European Commission said in a statement. […]

Lithuania 19th among NATO nations in terms of defence spending

February 3, 2015 BNS 0

Lithuania has risen to the 19th position among 28 NATO member countries in terms of defence spending after increasing its defence budget. […]

Swedbank: GDP growth slowed to 2.4 percent in Q4

January 31, 2015 Vaiva Seckute 0

According to the flash estimate, annual GDP growth slowed to 2.4% in the fourth quarter of last year, slightly below our expectations. Previous quarter growth remained unchanged at 2.7%. […]

Lithuania’s GDP up 2.9 percent in 2014

January 30, 2015 ELTA EN 0

In 2014, Lithuania’s gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36,270.8 million (LTL 125,236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9 percent, Statistics Lithuania announced. […]

Lithuania’s export to Russia to shrink 10 percent, Swedbank economist says

January 27, 2015 ELTA EN 0

Continuing geopolitical tensions in Eastern Europe will continue to affect Lithuania’s economy in 2015, says Nerijus Mačiulis, chief economist at Swedbank. […]

Opinion: US reliability depends on Europe’s contribution to NATO

January 24, 2015 Elisabeth Braw 0

“The blunt reality is that there will be dwindling appetite and patience in the US Congress—and in the American body politic writ large—to expend increasingly precious funds on behalf of nations that are apparently unwilling to devote the necessary resources or make the necessary changes to be serious and capable partners in their own defense.” That’s Secretary of Defense Bob Gates on his way out of office, back in 2011. […]

EY outlook on Lithuania’s economic prospects very optimistic

January 15, 2015 ELTA EN 0

Professional services firm EY (Ernst&Young) forecasts that Lithuania’s GDP will grow 3.6 percent in 2015. The adoption of the euro, reduced financial risks and cheaper borrowing will allow the Lithuanian economy to grow three times faster than the euro area average, whereas in two years economic growth can reach a 5-percent rate. […]

Lithuanian government debt at 39.7 percent of GDP

December 31, 2014 ELTA EN 0

According to the Ministry of Finance of Lithuania, the central government’s debt in November stood at 39.7 percent of Lithuania’s total projected gross domestic product (GDP) of 2014, LTL 49.673 billion (EUR 14.39 billion). […]

Tourism accounted for 3 percent of Lithuania’s GDP

December 25, 2014 ELTA EN 0

In 2013, the total added value of inbound and domestic tourism in Lithuania accounted for LTL 3.2 billion (EUR 927 million) or 2.96 percent of the country’s GDP. […]

Central bank warns about slower than expected economic growth in Lithuania

December 14, 2014 ELTA EN 0

Growing consumption and investment encourage consistent growth of Lithuania’s economy; however, a poorer outlook for the country’s major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for next year. The Bank of Lithuania projects a 3.1 percent growth in GDP next year, and this is less by 0.2 percentage points than was projected in September, the Bank of Lithuania informs. […]

The Economist forecasts lower GDP growth for Lithuania than government estimates

December 3, 2014 BNS 0

Next year Lithuania’s economy should grow 2.7 percent, a lower indicator than projected by the Finance Ministry but more than the majority of other European countries, says the Economist Intelligence Unit of the British business daily, The Economist. […]

Danske Bank maintains Lithuania’s GDP growth forecast

November 30, 2014 ELTA EN 0

Even though Russia’s sanctions have continued for longer than anticipated and Lithuanian transport sector will incur losses, nonetheless it is yet too early to talk about the impact on Lithuania’s gross domestic product (GDP) growth, says Head of Financial Markets at Danske Bank Giedrė Gečiauskienė. […]

Russia’s customs measures could shave off up to 4 percent of Lithuania’s GDP

November 27, 2014 BNS 0

Lithuania’s gross domestic product could fall by four percent if all exports to Russia came to a halt and some of logistic companies went bankrupt, Prime Minister Algirdas Butkevičius said on Thursday, adding that the likelihood of the worst-case scenario is low. […]

Companies in Lithuania cut investment due to geopolitical fears

November 26, 2014 ELTA EN 0

Despite the importance of investment, entrepreneurs in Lithuania invest miserably little, while recent Russia‘s actions have made companies fear investment activities even more. Swedbank’s senior economist Laura Galdikienė says that companies cut their investments because of fears. […]

Lithuanian parliament sends budget bill back to government for improvement

November 26, 2014 BNS 0

The Lithuanian parliament sent next year’s draft budget bill back to the government for improvement after the first reading on Tuesday. […]

Economists warn Russia’s new restrictions might affect Lithuania’s entire economy

November 26, 2014 BNS 0

If stepped-up checks of Lithuanian trucks at the Russian border remain in place for an extended period of time, Lithuania’s transport sector would suffer substantial losses, which may hit hard the entire national economy, the economists have warned, adding that new Russia’s restrictions will undermine Lithuania’s competitive edge in the region, as far as re-exports of goods from the West to Russia are concerned. […]

R&D expenditure in Lithuania among lowest in EU

November 21, 2014 BNS 0

Research and development (R&D) expenditure in Lithuania was among the lowest across the European Union (EU) in 2013, data from Eurostat shows. […]