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GDP
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