GDP

Employers are struggling for employees still remaining in Lithuania and are raising wages at the fastest rate in the European Union, but emigration is hurting long term economic growth.

Annual Lithuania's GDP growth decelerated to 1.7% in the third quarter of this year. Seasonally and working day adjusted quarterly growth decelerated from 0.4% in the second quarter to 0.1% in the third quarter. Household demand remained the main driver of growth, while shrinking investments was the...

Lithuania's economy should grow by some 2.5 percent this year and expand by around 3 percent next year, driven by strong wage growth that supports private consumption, experts from the International Monetary Fund said on Tuesday at the conclusion of their visit to Lithuania.

At the moment, Lithuania receives about €623 of EU support per person. The amount will go down significantly after 2020. "This is when we'll see who's been swimming naked," says economist Žygimantas Mauricas.

Some Lithuanian businesspeople have compared 2016 to the situation in 2006, the boom year before the 2008 crash. To read this article, try a €5.99 monthly subscription by clicking here.

Lithuania's economy could suffer a hit of up to 0.8% as the United Kingdom negotiates its divorce with the European Union, according to Lithuanian prime minister. To read this article, try a €5.99 monthly subscription by clicking here.

Lithuania is to spend 1.79% of its GDP on defence next year, according to the draft budget for 2017. To read this article, try a €5.99 monthly subscription by clicking here.

Discussions surrounding Lithuania's Labour Code reform is part of the global trend where capital is challenging workers' rights and pushing to transfer all risks associated with business cycles onto labour, according to a Linköping University professor who analysed the discourse of both the advocate...

The Bank of Lithuania expects the country's economy to grow 2.6%, leaving its earlier projections unchanged. To read this article, try a €5.99 monthly subscription by clicking here.

Conventional wisdom says that the more time you spend at work, the more you accomplish but that has been challenged recently by psychologists and new initiatives in Sweden where employees are trialling six-hour working days. Could this also work in Lithuania?

In three weeks, British citizens are voting on whether to remain in the European Union. The results of the referendum are hard to predict with any certainty, but one thing is clear - Brexit would be most painful for the United Kingdom itself and the country's economy. The situation of expat Lithuani...

After the latest EU deal to extend more credit to Greece, Lithuanian economists are divided on whether the EU bailout has helped Greece and put it on the road to recovery, or has simply bailed out European banks at the cost of the EU taxpayer and the Greek public.

Productivity in Lithuania compared to Western European economies remains abysmally low. One of the ways to approach the problem could be by looking into ways to extend the population's life expectancy, say international experts.