Remittances from the Lithuanian diaspora has long played a significant role in the country’s economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from falling into poverty. Statistics indicate, however, that remittances have dropped significantly this year. […]
Many a travelling Lithuanian at one time or another had the following conversation: “Where are you from?” – “Lithuania.” – “Where? Ukrainia?” – “No, Lithuania. It’s a Baltic state, next to Latvia and Estonia.” – “(somewhat unconvinced) All right…” […]
Instability in the euro area results from fragmentation, chief economist for Lithuania at Nordea, the biggest financial group in the Nordic and Baltic countries, believes. […]
This is the last financial period that Lithuania is entitled to billions of euros in support from the European Union‘s structural funds. After 2020, the cash flow from the EU coffers will decrease significantly and Lithuania will have to learn to do without the support that currently makes a sizable contribution to its economy. Some economists say that unless the country uses the current funding right, economic growth after 2020 might all but stop. Others are more optimistic, insisting that Lithuania’s economy is stable enough to sustain growth even without EU injections. […]
New ambitious investment program, which has been worked out by the European Commission, may not be suitable for Lithuania, an analyst says. […]
Žygimantas Mauricas, chief economist of the bank Nordea, who spoke at the Yearly Economic Forum of the Lithuanian Confederation of Industrialists, said that Lithuania should sort out its financing priorities from the European Union structural funds. […]
The first decade in the European Union has been good for Lithuania. There is still much to be done, however, if Lithuanians want make full use of their EU membership in the years to come. […]
According to opinion polls, the Lithuanian public is growing increasingly pessimistic about the country’s economic outlook. This, says economist Žygimantas Mauricas, has a lot to do with the economic stand-off between the European Union and Russia as well as fears about the euro adoption. […]
Lithuania in the future will be able to choose between “green” energy from the European Union and nuclear energy from Russia, an economist at Nordea bank said on Wednesday. […]
Excessively optimist forecasts and no instruments for boosting the domestic market in the 2015 Lithuanian budget proposal may lead to economic problems, says Gitanas Nausėda, adviser to the SEB bank president. […]
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