Economy

DNB Bank's chief economist for the Baltic states Jekaterina Rojaka says that shock therapy will be for the better of Lithuania's economy.

Graikijos finansų ministras Yanis Varoufakis, atsistatydinęs pirmadienį, nors jo vyriausybė užsitikrino svarią pergalę per savaitgalį vykusį referendumą, šiais metais įgijo prieštaringą šlovę dėl savo šaunaus „miesto vaikino“ įvaizdžio, kandžių pasisakymų ir nuožmios griežto taupymo politikos kritik...

Technologies are inevitably changing the global labour market and will wipe out certain professions. Global trends and technological development will also change Lithuania’s labour map, which may result in a shorter working week, Nerijus Mačiulis, an economist with Swedbank Lithuania, forecasts.

Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth - less detrimental to economic growth - are ...

This is the last financial period that Lithuania is entitled to billions of euros in support from the European Union's structural funds. After 2020, the cash flow from the EU coffers will decrease significantly and Lithuania will have to learn to do without the support that currently makes a sizable...

The European Commission (EC) announced in its Spring 2015 Economic Forecast that Lithuania's gross domestic product (GDP) is expected to grow by 2.8 percent, whereas domestic consumption should be the major factor determining economic growth.

One in ten respondents in Lithuania reported that the economic situation of their household and the country as a whole has improved over the last two months.

The Lithuania Tribune spoke with Nora Vanaga, researcher at National Defence Academy of Latvia Centre for Security and Strategic Research. One year passed since Crimea was annexed by Russia. What are the main ‘Crimean’ lessons for Latvia, we asked Ms. Vanaga.

Food distribution, energy and pharmaceutical products, as well as telecommunications and the Internet, are the sectors where Lithuanians are most likely to have experienced problems due to a lack of competition, according to a Flash Eurobarometer survey.

"We are pleased that the revised GDP for 2014 compared to 2013 increased by 3 percent rather than by 2.9 percent as it was announced in the preliminary estimates. The higher growth was driven by the growth of the construction industry, also, the Government's decisions regarding housing renovation un...

120s: Ukrainians panic over food, Russian economy forecasts, President Grybauskaitė: Draftees are cheaper than professionals, Pay rise and early retirement for teachers, Powerful explosion in New Jersey.

Compared to December 2014, the number of bankruptcies in January increased by a third, while the number of distraints decreased by a third.

Lithuania's economy is expected to maintain growth of 3.0 percent in 2015, despite a fall in exports to Russia. Domestic demand is set to remain the main growth engine, as employment and real disposable incomes rise. Inflation stays low and public finances improve slightly, the European Commission s...

Disproving the widely popular opinion, startups in Lithuania are no longer a sphere for students. The number of entrepreneurs with higher education has doubled in the last two years, while their average age has increased by two years.

Lithuania has already reached the bottom of the impact of Russia's economic downturn and has effectively withstood the biggest hit, says Lithuanian Finance Minister Rimantas Šadžius.

Baltic small- and medium-scale companies stick to more moderate financial growth plans for 2015. However, despite the current geopolitical tensions, they see further growth opportunities.

Lithuanian Prime Minister Algirdas Butkevičius, accompanied by a business delegation, is to leave on a visit to Oman on Monday.

In 2014, annual deflation was running at 0.3 percent in Lithuania.

Consumer confidence indicator improved by 7 percentage points in January 2015 against December 2014, however people still pessimistically assess the country's economy and their households' financial situation.

In 2014, Lithuania's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36,270.8 million (LTL 125,236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9 percent, Statist...