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CORPORATE

Luminor economists forecast Lithuania’s economy to slow down in 2019, however the year will be good for reforms

Luminor economists forecast economy to grow at 2.7% next year in Lithuania, as external economic environment is expected to deteriorate. The GDP growth will be detained by increasingly active seismic zones in global macroeconomic landscape. Economists suggest that in the eve of cyclical slowdown, three ideas could help to prepare for slowdown, a press release from Luminor states. […]

Economy

A growing number of Balts are struggling with debt despite the growing economy

In the wake of a long period of economic growth, savings have gone up – but so has indebtedness. A growing number of people are struggling: every fifth European needs to borrow in order to pay bills. That group has increased from 15% three years ago to 20% this year. In the Baltics, the situation differs from country to country. Every third Latvian has borrowed money to pay bills. In Lithuania, the situation is comparable to the EU average (19%), while in Estonia the numbers are relatively low and only 12% of consumers have borrowed money in the last 12 months in order to pay bills. […]

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Celebrations of number of arrivals in Lithuania: are these returning Lithuanians?

For the first time since 2004, this May there were more arrivals in Lithuania than departures, but Lithuanian emigration remains larger than re-emigration, lrt.lt writes. Sociologist Vlada Stankūnienė says that there is nothing to celebrate […]

Chaos at the Vilnius air port
CORPORATE

What would happen if all the emigrants suddenly came back to Lithuania?

While sociologists are painting a dark scenario for Lithuania because of massive emigration, talks in society are still going on about how to bring back emigrants. However, what would happen if all emigrants, about half […]

Lucky man
CORPORATE

Review: who were better of in 2016?

With talks of “everything was better and cheaper with the litas” settling down, tv3.lt calculates who had the best 2016, compared to last year. Economists note that the greatest happiness visited the services sector, while […]