No Picture
Economy

Central bank warns about slower than expected economic growth in Lithuania

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. […]

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Economy

Companies in Lithuania cut investment due to geopolitical fears

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. […]

No Picture
Economy

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

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. […]

Algirdas Butkevičius
Economy

PM insists Lithuania’s 2015 budget bill does not breach Fiscal Discipline Law

Lithuania’s 2015 budget bill does not contravene the Law on Fiscal Discipline, Prime Minister Algirdas Butkevičius insists. […]

Defence

Parliament panel suggests adding EUR 10m to Lithuanian defence budget

The Lithuanian parliament’s Foreign Affairs Committee has suggested earmarking additional 34.3 million litas (EUR 9.9m) for defence next year. […]