The biggest bakery in the Baltics has opened a new upgraded plant in Vilnius. The new plant of Vilniaus Duona, inaugurated on Thursday, represents €9.3 million in investment and will employ 147 workers. President Dalia […]
With parliamentary elections getting closer, the Lithuanian Social Democratic Party, the Homeland Union – Lithuanian Christian Democrats (TS-LKD) and the Labour Party have all promised to raise the minimum monthly wage during the next parliamentary […]
Despite the Lithuanian economy growing for six consecutive years, the gap between regions in the country is not decreasing, according to the Swedbank Finance Institute’s annual comparative analysis of municipalities. “Along with economic exclusion, social […]
Corruption could be costing the Lithuanian economy up to €8 billion a year, according to a new study of studies published by the European Union. […]
Lithuanian population is in steady decline and domestic industry is losing consumers but so far the impact of this negative change has been reduced by a growing rate of domestic consumption. […]
Lithuania has been ranked 19th in the Economic Freedom of the World index ahead of the other Baltic States but well behind other developed counties, according to a US research institute. […]
Lithuania’s Ministry of Finance has significantly revised down its forecasts for GDP growth in 2016 to 2.5% for the year, down from the 3.2% growth predicted last year. […]
Gitanas Nausėda, Žygimantas Mauricas and Nerijus Mačiulis, all economists at leading commercial banks in Lithuania, are optimistic about Lithuania’s economy in the coming year but they highlighted some of the greatest economic risks Lithuania faces in the coming year – most of them international rather than domestic. […]
Lithuanian economists have criticized the government’s “inaction”, saying that the country’s economy have grown despite rather than because of its economic policies. However, challenges loom ahead. […]
Lithuania’s economic growth was lower than initially estimated in the final quarter of 2015, the latest figures from Statistics Lithuania showed on Monday. […]
The Lithuanian economy grew at its slowest pace since 2010 last year at 1.6%, but rising business confidence and increasing orders should drive higher economic growth in the year ahead. […]
With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop. […]
The European Commission is predicting that the Lithuanian economy will grow by 2.9% this year following a lacklustre performance in 2015. […]
After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis. […]
“The beginning of 2016 was one of the worst years in history for raw material and stock prices,” said Swedbank Chief Economist Nerijus Mačiulis. On Tuesday, he presented his projections for economic growth in Lithuania, and the prospects for exports and the international economy. […]
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