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 of Lithuania. According to the Bank of Lithuania, the expansion of …
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 productivity, delfi.lt writes. However the Department of Statistics notices that real wages did not …
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 year, from 4.2% in Q1 to 3.1% in Q4. Without revealing specific figures, LSD said that …
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 that the ongoing budget consolidation process should proceed as planned with …
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, rttnews.com writes. The consumer confidence index edged up to -15 in January from -16 recorded …
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 measures. “Yes, it was painful. Yes, government was losing it’s ratings. And finally after four years, …
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 – and one forthcoming member, Croatia. The region is set to expand by about 1 …
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 growth can be expected, but also price growth, delfi.lt reported on 29 March. The …
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 Democrats (TS-LKD) council meeting, Prime Minister said that Lithuania is close to meeting the Maastricht criteria. “We may …
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 the whole 2011 it increased by 2.6 billion litas or 3.1% …
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 went bankrupt, thus making all related persons and companies afraid of losing their …
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 GDP growth rate was slower than during the first …
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, delfi.lt reported on 23 February. As pointed out by the Bank of Lithuania, although …
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 per cent, Gitanas Nausėda wrote in delfi.lt on 30 …
Statistics Lithuania reports that, based on available statistical data and econometric models, gross domestic product (GDP) in 2011 amounted to LTL 105 713 million at current prices and, compared to 2010, grew by 5.8 per cent (changes estimated based on a chain-linking method). In 2011, …
Swedbank states that there is a 55 percent probability that the EU’s economy will only feel slight effects from the currenteconomic crisis, according to reports from delfi.lt on 24 January This percentage shows a slight decrease from the previous forecast.However, the bank also states that …
Lithuanian Prime-minister Andrus Kubilus assessed the work, done by the government this year, and says that it is worth no more than a «B», bnn-news.com reports. «Taking into account the achieved results of the government, I’d give them a B-», Delfi.lt cites the Prime-minister’s words …
Second largest bank in Estonia, SEB, said yesterday that it has lowered annual economic growth forecast of Baltic economies for 2012 from 3.7% to 2.5%, bbn.ee reported on 23 November. However, the bank said that it expects all three countries to avoid a decline in …
Statistics Lithuania, on the basis of the most recent business and price statistics, has revised the first GDP estimate of III quarter 2011 and additionally estimated GDP components by production, expenditure and income approaches. According to revised data, in III quarter 2011 GDP at current …
Statistics Lithuania reports that, based on non-final data, in 2010 gross domestic product (GDP) per capita increased in all counties, except Utena county, where nominal GDP (at current prices) per capita in 2010 decreased by 7.7 per cent. The largest increase in nominal GDP per …
