G. Nausėda — Lithuania will have to get used to slower development
Statistics Lithuania reports that gross domestic product (GDP) in the last quarter of 2011, compared to the same period in 2010, grew by 4,3 per cent. Over the 2011, compared to 2010, GDP grew by 5.8...
View ArticlePrice of Snoras shutdown — up to 0.5% of GDP
Bank of Lithuania states that the shutdown of Snoras bank will impact the development of Lithuanian economy. It is predicted to decrease gross domestic product (GDP) growth by 0.5 percentage points,...
View ArticleWe live better than we thought — Mačiulis
The revised 2011 fourth quarter GDP data shows that at the end of last year our economy was in a much better situation than we thought, Nerijus Mačiulis writes in balsas.lt on 29 February. True, the...
View ArticleLithuania’s economy in a better shape than we thought
Egidijus Paulauskas | the Lithuania Tribune 2011 was marked with many concerns in Lithuania, especially when it is said about economic situation. “Snoras”, one of the biggest banks in the whole country...
View ArticleForeign debt of Lithuania is 85.7 billion litas
In the fourth quarter of 2011 Lithuania’s total foreign debt, which includes not only the debt of the government but also private and company debts, has increased by 1.1 billion litas, or 1.4%. During...
View ArticleA. Kubilius: Lithuania has potential to enter eurozone in 2014
According to Prime Minister, conservative leader Andrius Kubilius, Lithuania has a chance to adopt euro in 2014, announces delfi.lt on 24 March. On Saturday’s Homeland Union-Lithuanian Christian...
View ArticleDNB Bank increases growth forecast of Lithuanian economy
One after another financial institutions raise growth forecasts of Lithuanian economy. DNB Bank raises growth forecast of Lithuanian economy from 2,5% to 3%. Yet it is indicated that not only economy...
View ArticleGrowth to remain weak in 2013 amid uncertain external environment
The EU11 is a group of countries which include 10 European Union (EU) member states – Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia –...
View ArticlePresident calls country’s fast recovery “miracle”
President Dalia Grybauskaite has compared the country’s fast recovery following the steep recession of 2009 to “a miracle”, and acknowledged that people of Lithuania were hit by painful austerity...
View ArticleConsumer confidence improves slightly in January
Lithuania’s consumer confidence improved slightly in January, while economy expanded at a slower rate in the fourth quarter of 2012, data released by the Department of Statistics showed on Wednesday,...
View ArticleLithuania: Industry-led GDP growth surprised on the upside
According to a flash estimate, Lithuanian GDP increased by 3.6% in 2012. The reading was better than anticipated by the Ministry of Finance (3.5%) as well as the Bank of Lithuania (3%), which suggests...
View ArticleLithuania’s GDP up 3.4% in 2012
Lithuania’s GDP expanded by a working day-adjusted 3.4% in 2012, according to flash estimate by the country’s statistics department LSD, bbn.ee reports. The economy’s growth rate shrank throughout the...
View ArticleStatisticians: the situation dictates the necessity to raise salaries
Last year, the country’s GDP increased as statisticians calculate that the increase continues for 11 consecutive quarters while saying that one of the most important reasons is the growth of labour...
View ArticleLithuania’s economic expansion will depend more on domestic demand
The prices rising less and increased wages allow for forecasts of growth in domestic demand, which in the nearest future will be an important factor of economic expansion, as is projected by the Bank...
View ArticleSwedbank – growth in second quarter of 2013 accelerated to expected 3.7%
In the second quarter of 2013, annual GDP growth accelerated to 3.7 per cent (4.1 per cent seasonally and working day adjusted), in line with expectations, reports Swedbank. Seasonally adjusted...
View ArticleAviva: Lithuanian economy will reach pre-crisis levels in 2014
In the background of the sluggish economic recovery of European countries, Lithuania should reach four per cent GDP growth in 2014 and be one of European leaders in this indicator, writes The Baltic...
View ArticleBank of Lithuania: Economic growth is spurred by consumption and investments
This year’s increasing domestic demand – private consumption and investment – more rapidly than was expected is compensating the decreasing influence of export, reports the Bank of Lithuania. As a...
View ArticleIn line with expectations, GDP growth accelerated in the final quarter of 2013
Annual GDP growth in the final quarter of last year accelerated to 3.5 per cent, but was still dragged down by two underperforming sectors, reports the Senior Economic Analyst, Nerijus Mačiulis, of...
View ArticleSwedbank: GDP growth accelerated to 3.6 per cent in Q4 of 2013
According to the revised figures, annual GDP growth in the final quarter of last year accelerated to 3.6 per cent, the Swedbank Macro Research department has informed. Contribution of domestic demand,...
View ArticleLithuania’s GDP growth slows to 3.1% in 1Q 2014
In the first quarter of this year annual GDP growth decelerated to 3.1% (2.9% seasonally and working-day adjusted) and was further dragged down by weak exports. Exports continued contracting during the...
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