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. […]

Economy

IMF estimates Lithuanian GDP growth at 3 percent

International Monetary Fund (IMF) forecasts that Lithuania’s GDP will grow 3 percent this year and 3.3 percent next year. […]

Gitanas Nausėda
Economy

Lithuania could lose up to 5 percent of GDP due to Russian sanctions

Analysts at SEB Bankas estimate that Lithuania’s maximum economic losses in case of Russia‘s complete import ban could reach up to 5 percent of the gross domestic product, noting that such losses would be quite painful. […]

Economy

Lithuania’s GDP growth revised up to 3.3 percent

Statistics Lithuania has revised up the annual GDP growth numbers from 3.1% to 3.3% for the second quarter of this year (3.1% seasonally and working-day adjusted). Domestic demand remained the main driver of growth, while net exports continued to contribute negatively. […]