US President Donald Trump will not derail world economy or revise its course, says Gitanas Nausėda, adviser to SEB Bankas’ president, noting that one person can cause problems but is not influential enough to bring down a growing economy. […]
Lithuanian economists say global economy could be threatened, if the United States’ new President Donald Trump started waging trade wars, although the scenario does not seem very likely for now. […]
SEB Bank has revised down Lithuania’s GDP growth projections, estimating that the country’s economy will grow 2.2% this year and 2.5% in 2017. In its earlier projections, the bank expected Lithuania’s GDP to grow 2.8% […]
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 […]
The average salary in Lithuania this year will grow by 7% and next year by 6%, according to SEB Bank economist Gitanas Nausėda. The economist said that the wage growth is now especially visible in […]
The beginning of this year has been successful for Lithuania’s banking sector, with most banks reporting profit growth despite historically low interest rates. Finance expert Mantas Valužis said that the good results are surprising given […]
A social media campaign in Lithuania is calling for a three-day boycott of the country’s supermarkets on May 10-12. A year and a half since Lithuania adopted the euro, consumers are outraged by unjustifiable price hikes. […]
Lithuania‘s economy will grow faster this year driven by increases in exports and strong domestic demand, according to SEB Bank. SEB analysts expect that GDP growth in 2016 will be 2.8% and rise to 3.2% […]
Lithuania has the lowest average wage in the Baltic States with last year average real wages in Lithuania increasing by 6% but rising by 6.9% in Estonia and in Latvia by 7.4%. Lithuania has the […]
The Lithuanian government’s performance last year merits a score of 8 out of 10, says a SEB Bank economist. Gitanas Nausėda says that the government of the social democrat Prime Minister Algirdas Butkevičius deserves praise […]
The failure of oil-exporting countries to agree in Doha on freezing production is beneficial to Lithuania and other oil importers, a leading economist says. […]
The Lithuanian branch of Sweden’s SEB Bank has announced that its clients will have to pay more for many of the services as of June. This way, the bank’s clients are to shoulder some of […]
With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament. MPs have submitted several bills suggesting cutting value-added tax (VAT). Some proposals have been discussed more extensively than others, but there is still no clear agreement on a number of points concerning the cuts. […]
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. […]
Sweden’s banking group SEB is considering to introduce negative interest rates on deposits held by large business clients in the Baltic States, vz.lt reports. […]
Scandinavian banks are no longer interested in expanding lending in Lithuania due to falling returns, said Stasys Kropas, the president of the Association of Lithuanian Banks. […]
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. […]
The price of services in Lithuania grew more than in any other European Union country last year, increasing over 5%. […]
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