Lithuanian economy

On Friday, President Gitanas Nausėda met with Vice-President of the European Commission Valdis Dombrovskis to discuss the agenda for the new EU political season, support for Ukraine, the use of frozen Russian assets for rebuilding Ukraine, sanctions against Russia, and Russia's accountability for cr...

Lithuania’s gross domestic product (GDP) amounted to EUR 33.7 billion at current prices in the first half of 2023, the State Data Agency said on Monday.

A gender pay gap in the Lithuanian economy, excluding agriculture, forestry and fishing enterprises, stood at 11.1 percent last year and, against 2021, remained unchanged, the State Data Agency said on Friday.

The coronavirus pandemic and the Seimas election have been named the key 2020 events in Lithuania, according to Lithuanian journalists surveyed by BNS.

Students that choose technological sciences are welcome in many companies, including space technology and space research centres in Lithuania and abroad. In contemporary world, even startups are capable to fulfil great ideas. However, every new project needs someone to believe and to invest in it. D...

The Seimas of Lithuania has on Tuesday increased the state's net borrowing limit from 904.6 million to 5.4 billion euros as additional funds are necessary to compensate for a drop in state revenue and mitigate the coronavirus crisis' impact on the Lithuanian economy.

Several Lithuanian ministers who met with President Gitanas Nauseda on Wednesday says Lithuania's budget will not avoid "shock therapy" and the country risks getting stuck in the middle income trap if EU cohesion funding drops.

The ongoing trade pose a threat to Lithuania's open economy, therefore.

Despite the deteriorated international environment, Lithuania’s financial system is stable, while banks’ resilience to potential shocks remains high, states Bank of Lithuania in a press release.

Lithuania's Prime Minister Saulius Skvernelis intends to present the government's report to the parliament on Tuesday, reviewing the country's condition after the 17th government took office at the end of last year.

A growing economy not only strengthens a country‘s image abroad, but also means better living conditions for its people. Lithuanian economists predict that this year the Lithuanian economy will grow far more rapidly than last year. Exports, however, will not be the main factor of this.

The Lithuanian economy surprised on the upside in the fourth quarter of last year as GDP picked up by 3%, in annual terms. Quarterly seasonally adjusted growth accelerated from 0.4% in the third quarter to 1.3% in the fourth quarter. GDP increased by 2.2% in 2016, Swedbank reported.

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.

Danske Bank's chief economist for the Baltic countries believes that Lithuania's incoming government should give priority to reforming the country's education system in order to improve the situation in the labour market and help ensure sustainable economic growth, but he warns that possible differe...

Former Minister of Economy, Social Democrat (LSDP) Birutė Vėsaitė and Aivaras Abromavičius, former Ukrainian Minister of Economic Development and Trade, now candidate for the Homeland Union – Lithuanian Christian Democrats (TS-LKD), were featured in a live Delfi Balsuok 2016 debate on September 30. ...

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.

The end of the European Union's current financial period in 2020, after which Lithuania will be getting substantially less funding from Brussels, will be a cold shower that will expose inefficiencies in the country's economy currently covered up by European money, says a leading economist. To read t...