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Lithuanian education system hampers innovation, economist says

The education system oriented at academic achievements prevents Lithuania from becoming an innovative country. It does not promote innovative thinking, entrepreneurship and is impeding such traits says senior economist at Swedbank Laura Galdikienė. […]

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Lithuania ranked 41st in Global Competitiveness Index

Lithuania has continued its climb up the Global Competitiveness Index, and is now ranked in the 41st spot. This year Lithuania is ahead of neighbouring Poland, and ranked better than Latvia, Italy, Turkey and Bulgaria, public enterprise Invest Lithuania informs. […]


Swedbank cuts Latvia’s economic growth forecast to 2.5 percent

Swedbank has cut Latvia‘s economic growth forecast to 2.5% in 2014, reports LETA/ […]


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. […]