The Eurogroup, which has discussed the European Commission‘s (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle […]
The Research Centre, founded by the Bank of Lithuania and Vilnius University, has set up a team of talented scientists and commences active operations this month. […]
The Lithuanian government on Monday approved a deal on a three-year 86-billion-euro bailout for Greece from the European Stability Mechanism (ESM) and the disbursement of the first tranche of 26 billion euros. […]
The Lithuanian government on Thursday approved in principle the European Commission‘s decision to negotiate, together with the European Central Bank and the International Monetary Fund, with Greece on financial assistance to the country under the European Stability Mechanism (ESM). […]
Greece‘s fate is in the hands of its citizens after the country decided to call a referendum on the latest terms of a debt deal proposed by its EU and IMF creditors, Lithuanian Prime Minister Algirdas Butkevičius said on Sunday. […]
Although eurozone finance ministers have not extended Greece‘s bailout program, the country stays in the single currency, Lithuanian Finance Minister Rimantas Šadžius has said, adding that the EU will use other means to help Greece, such as structural funding, and that the country now has to take measures to get its financial system under control. […]
After negotiations between Greece and its international lenders failed, the country’s future in the eurozone may not be settled until this autumn, says Lithuania’s Finance Minister Rimantas Šadžius. Asked to comment whether Greek banks will open on Monday, the minister said he was not sure. […]
Debt-ridden Greece will hardly be able to pay 1.6 billion euros to the International Monetary Fund (IMF) by June 30 without external financial support, Lithuania’s Finance Minister believes. […]
On 28 May, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lithuania. It considered and endorsed the staff appraisal without a meeting, the organisation reports. […]
The Global Lithuanian Leaders network, a worldwide organization for Lithuanian professionals, recently collaborated with the Enterprise Lithuania group and made a visit to the United States at the end of April. […]
Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth – less detrimental to economic growth – are all but non-existent. Experts say the first steps would be introducing tax on real estate and cars. […]
Greece could learn from Lithuania how to implement reforms during the crisis instead of focusing on getting external support, Finance Minister Rimantas Šadžius said on Friday as he arrived at the Eurogroup’s meeting in Riga. […]
Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, begins his visit in Washington, DC, where he will attend the meetings of the International Monetary Fund (IMF) on 16-18 April. At these meetings, central bank governors and finance ministers will discuss measures for accelerating global economic recovery, the Bank of Lithuania reports. […]
On Tuesday, 14 April, the International Monetary Fund (IMF) published its World Economic Outlook in which Lithuania has been classified as an advanced economy. Previously the IMF regarded Lithuania as an emerging market. […]
After the International Monetary Fund has warned that Lithuania this year is facing serious challenges in public finances, an economist says that meeting this year’s budget targets will not be easy. […]
The International Monetary Fund (IMF) has revised down its forecast for Lithuania’s economic growth this year to 2.8 percent, from 3.3 percent projected last October. […]
Professional services firm EY (Ernst&Young) forecasts that Lithuania’s GDP will grow 3.6 percent in 2015. The adoption of the euro, reduced financial risks and cheaper borrowing will allow the Lithuanian economy to grow three times faster than the euro area average, whereas in two years economic growth can reach a 5-percent rate. […]
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