Defence
GDP
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 to be most affected by Russia’s import ban, says EBRD
Lithuania will likely feel the most severe effects of Russia‘s ban on food imports from the European Union as the country’s ratio of food exports to Russia to GDP is the highest in the bloc, the European Bank for Reconstruction and Development (EBRD) said. […]
Economy
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. […]
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. […]
Economy
Lithuania’s GDP grew 3.1 percent in Q2
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in the second quarter of 2014, GDP at current prices amounted to LTL 31.32 billion (EUR 9.07 billion). […]
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. […]
Uncategorized
Uncategorized
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. […]
European Union
Calculations of Russia’s import embargo: EU set to lose EUR 5 billion per year
According to calculations carried out by the Netherlands-based ING Group, restrictions imposed by Russia on food imports from the European Union may cost the EU USD 6.7 billion (EUR 5.0 billion) per year, RBC Daily reports. […]
Economy
Lithuania’s GDP up 0.7 percent
During the second quarter of 2014, Lithuania’s seasonally-adjusted GDP rose by 0.7 percent, while compared to the same quarter of 2013, it increased by 3.0 percent, according to flash estimates published by Eurostat, the statistical office of the European Union. […]
Economy
Russian sanctions to shave off 0.2 percent of Lithuanian GDP growth
The growth of the Lithuanian gross domestic product (GDP) may slow down by 0.2 percent in the wake of the Russian sanctions, Lithuania’s Economy Minister Evaldas Gustas said after meeting with President Dalia Grybauskaitė on Friday. […]
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. […]
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. […]
Defence