Economy

EC forecasts 3-percent growth for Lithuanian economy in 2015

Lithuania’s economy is expected to maintain growth of 3.0 percent in 2015, despite a fall in exports to Russia. Domestic demand is set to remain the main growth engine, as employment and real disposable incomes rise. Inflation stays low and public finances improve slightly, the European Commission said in a statement. […]

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Economy

Low inflation in Lithuania particularly favourable to euro adoption, economists say

Current average annual inflation in Lithuania is at its lowest since 2010, according to financial experts, a situation that is particularly favourable to the currency changeover. […]

ECB President Mario Draghi and Bank of Lithuania Governor Vitas Vasiliauskas
European Union

ECB President Draghi in Vilnius: Lithuania would be disadvantaged among Baltics without euro

Mario Draghi, President of the European Central Bank (ECB), has handed a symbolic “Euro Star” to Vitas Vasiliauskas, the governor of the central Bank of Lithuania, on the occasion of Lithuania’s upcoming accession to the euro area. […]

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Economy

Price inflation in Lithuania remains low

In June 2014, compared to May, prices for consumer goods and services remained unchanged, because a drop in prices for some consumer products was counterbalanced by an increase in prices for other consumer products, Statistics Lithuania reports. […]