Algirdas Butkevičius
Defence

Poorer economic forecasts won’t affect Lithuania’s defence budget

Forecasts suggest that Russia’s restrictions on imports from the European Union will have a negative effect on Lithuania’s economy; however, this will not affect the country’s 2015 defence budget, Prime Minister Algirdas Butkevičius says. […]

Defence

Lithuanian State Defence Council advises to expand defence spending

The Lithuanian State Defence Council on Monday advised the government to increase the funding earmarked for the Defence Ministry in next year’s budget, the office of President Dalia Grybauskaitė said. […]

Economy

Lithuania’s GDP reaches pre-crisis level

According to the flash estimate, in the second quarter of this year annual GDP growth decelerated marginally to 3.1%. Seasonally and working day adjusted quarterly growth was unchanged at 0.7%. After six years GDP has finally reached the pre-crisis level. Estonian economy could reach pre-crisis level next year, while Latvian prospect is a little more distant. […]

Riga
Uncategorized

Russian-Ukrainian conflict impacts Latvia’s business environment

Considering the development of the economic environment and political situation, Coface International Credit Risk Insurance Company has changed the outlook for several countries. The outlook has been upgraded for countries of Western Europe and so-called new development markets. Latvia’s outlook has been downgraded. […]