During Q1 this year, the Lithuanian economy was not stopped by unfavourable global winds – GDP growth remained rapid, reaching 3.9%. However, having an open economy, Lithuanian cannot ignore what is happening abroad. In recent […]
Danske Bank‘s chief economist for the Baltic countries believes that Lithuania’s incoming government should give priority to reforming the country’s education system in order to improve the situation in the labour market and help ensure sustainable economic growth, but he warns that possible differences in opinions between the ministry and the Seimas may prevent major changes from occurring. […]
Former Minister of Economy, Social Democrat (LSDP) Birutė Vėsaitė and Aivaras Abromavičius, former Ukrainian Minister of Economic Development and Trade, now candidate for the Homeland Union – Lithuanian Christian Democrats (TS-LKD), were featured in a live Delfi Balsuok 2016 debate on September 30. The main topic of the evening was economics and future plans in Seimas. […]
The total debt of Lithuanian companies at the moment is around a billion euro. The level of debt is however decreasing, while crediting conditions and business liquidity have been improving, suggesting the beginning of a […]
Speaking for the association of the largest investors in the Lithuanian economy, Investors’ Forum, its Board Chairman Rolandas Valiūnas provided a number of insights on the future prospects of the Lithuanian economy and state. While […]
The black market is the reason for skyrocketing consumer prices in Lithuania, according to the country’s Finance Minister Rasa Budbergytė. “The reason [for high prices] is definitely not the adoption of the euro,” she said […]
The end of the European Union‘s current financial period in 2020, after which Lithuania will be getting substantially less funding from Brussels, will be a cold shower that will expose inefficiencies in the country’s economy currently covered up by European money, says a leading economist.
While Italian banks holding €360 billion of bad loans may soon become a problem for the eurozone, financial institutions in Lithuania are not as exposed to bad loans, representatives of the biggest banks in Lithuania […]
If the United Kingdom were to vote to leave the European Union (EU) at Thursday referendum, this will have only limited negative effects on Lithuania in the short-to-mid-term. In the long run, however, negative repercussions of Brexit may actually reach Lithuania.
If British voters opted for the Brexit option in Thursday’s referendum on the UK’s membership in the EU, other member-states would feel the hit to their economies. Ireland would suffer the biggest hit to its […]
The accelerating rate of Lithuanian wage growth has not been met with an increase on labour productivity and the Bank of Lithuania says this could be a problem for the country’s economy. Labour productivity has […]
In three weeks, British citizens are voting on whether to remain in the European Union. The results of the referendum are hard to predict with any certainty, but one thing is clear – Brexit would be most painful for the United Kingdom itself and the country’s economy. The situation of expat Lithuanians would also be inevitably affected. […]
The European Commission issued a range of recommendations on how to improve Lithuania‘s economy including improving tax compliance particularly VAT, adjusting the education system to the needs of the labour market and increasing productivity. The […]