Greece must copy Baltic debt crisis model
Greece must deploy budget cuts on the same scale as the Baltics to survive its debt crisis and sacrifice economic growth to restore fiscal health, Latvia’s central bank governor and Lithuania’s finance...
View ArticleEstonia; It’s the Institutions, Stupid!
A mighty battle is brewing between those who recommend Greece and other Club Med countries to save themselves like the Balts by brutally cutting budgets and between those who think that it’s too early...
View ArticleLithuania’s economy reaches the bottom
Statistics Lithuania reports that gross domestic product, estimated based on available statistical data and econometric models, in I quarter 2010 amounted to LTL 20 648.6 million at current prices and,...
View ArticleCentral bank less optimistic about 2011
Lithuania’s central bank, Lietuvos Bankas, has lowered is growth forcase for Lithuania’s economy for next year from 3.4 percent growth to 3.1 percent. Weak domestic demand and a knock on effect from...
View ArticleFinance ministry revises figures
The Finance Ministry has revised down its growth prediction for the country’s gross domestic product for 2011. Originally, the ministry had predicted that next year the economy would grow by 3.2...
View ArticleLithuania faces no immediate Greek crisis – PM Kubilius
Lithuania does not face the immediate prospect of a Greek debt and deficit crisis, but would do in a couple of years if it does not take fiscal consolidation measures now, Prime Minister Andrius...
View ArticlePrime Minister continues hunt for investments. This time in Sweden
The Prime Minister of Lithuania Mr Andrius Kubilius is paying his working visit to Stockholm on the 9th June, 2010. The purpose of this visit is to follow up (overlook) dynamic and intensive bilateral...
View ArticleKubilius: deficit will be reduced to 2 percent in two years
The government is suggesting to lower maternity benefits and increase retirement age. Lithuanian prime minister Andrius Kubilius said on Tuesday that there are signs of recovery of the economy. “On the...
View ArticleGDP per Inhabitants in Europe: the rich and the poor
The day after the publications of the latest data about GDP per inhabitants in the European Union, the dossier compiled by Eurostat keeps making people talk thanks to a picture that shows an EU moving...
View ArticleIMF: Lithuania’s economy to grow by 2.1 percent in 2010
The Lithuanian economy, which suffered the European Union’s second-deepest contraction last year, will return to growth in 2010 as exports rebound, the Bloomberg reported. According to Thursday’s...
View ArticleLithuania’s GDP by county in 2009; Vilnius generated 39% of all GDP
Statistics Lithuania reports that, based on provisional data, gross domestic product (GDP) per capita in 2009 decreased in all counties. The largest decrease in nominal GDP per capita in 2009 was...
View ArticleLithuania is One of the Poorest EU Countries
The European Union’s statistics office Eurostat said that the poorest countries in the European Union are Bulgaria, Romania, Latvia, Lithuania, and Poland, Živilė Kropaitė wrote in the country’s public...
View ArticleLithuanian GDP grows 6.5% in H1, up 6.1% in Q2
Statistics Lithuania informs that GDP, estimated based on available statistical data and econometric models, in II quarter 2011 amounted to LTL 27008.6 million at current prices and, compared to II...
View ArticleLithuanian GDP should grow by 6.2% in 2011 – Central Bank
The Lithuanian Central Bank expects the country’s GDP to grow by 6.2% in 2011, up from previous forecasts of 5.6%. The bank has confirmed its growth forecast for 2012 of 4.8%. “For the first time in...
View ArticleLithuanians around the world – Exclusive from The Lithuania Tribune
On this delivery of “Lithuanians around the world”, we interview Mantas Balcius. A self-described “adventure-creator”, Mantas has lived many wonderful experiences in India and Turkey. An avid reader,...
View ArticleFinance Minister doubts if Lithuania could join euro in 2014
Finance Minister Rimantas Sadzius doubts if Lithuania could join the eurozone in 2014, but he is confident that the country will meet the Maastricht inflation criterion and qualify for euro entry in...
View ArticleEstonia catching up with Finland: wishful thinking or reality?
Estonian economist Toomas Karm believes that Estonia could catch up with Finland per capita GDP in the next quarter of a century, the Baltic Business News writes. If one is more conservative than IMF,...
View ArticleWorld Bank recognises Lithuania as a rich country
The World Bank has reclassified Lithuania, Latvia, Estonia, Russia, Chile and Uruguay as countries that rank as “high income” in terms of GDP per capita (over USD$12.616), writes...
View ArticleDNB and SEB analysts attest to gradual recovery of Lithuania’s economy
According to the DNB economists, Lithuania is set to feel the fragile recovery of the eurozone next year. Meanwhile, the analysts of the SEB Bank highlighted that, despite the slower economy growth,...
View ArticleRaising Lithuania’s defence funding to 2 per cent of GDP soon is absolutely...
BNS Lithuania’s Finance Minister Rimantas Šadžius has described the current funding of the defence system as “utterly small”, saying that raising it to two per cent of the gross domestic product (GDP)...
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