GDP

Looking back at the achievements of the government headed by social democratic Prime Minister Algirdas Butkevičius over 2015, President Dalia Grybauskaitė says that while there are considerable accomplishments, procrastination in certain area will mean that the next government will inherit serious p...

Lithuania’s economy should grow 2.9% next year, almost double this year's rate of 1.7%, according to the director of Economics and Financial Stability Service of the central Bank of Lithuania.

Remittances from the Lithuanian diaspora has long played a significant role in the country's economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from fall...

The National Audit Office of Lithuania has issued a warning that the draft state budget for 2016 is on the verge of breaching fiscal rules and that Lithuania is not ready to counter financial shocks. Prime Minister Algirdas Butkevičius has dismissed the criticism and said that budget revenue figures...

While average pay in Lithuania has been growing uninterruptedly for some years now, part of the population still have not felt much improvement in their financial lot.

Danish economist Morten Hansen and Romas Lazutka, professor at Vilnius University, argue that Lithuania‘s economy has caught caught up with those of Greece and Portugal. The two scholars and Žilvinas Šilėnas, the president of the Lithuanian Free Market Institute, provide different explanations why.

Naujajam „socialiniam modeliui“ labiau yra tinkamas „ekonominio“, o ne „socialinio“ modelio pavadinimas, nes juo labiau atsižvelgiama į „ekonominius“ efektyvumo ir konkurencingumo, o ne „socialinius“ tikslus.

Economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy, the European Commission said.

The latest data provided by Statistics Lithuania has showed that the country's economy grew by 1.8 percent in the third quarter of 2015. This is the best result achieved this year, demonstrating that Lithuania's economy is gradually recovering from the lowest growth period since the 2008-2009 crisis...

The Baltic countries and Central Europe will continue to show decent economic growth, primarily sustained by growing domestic demand. Poland and the Czech Republic will lead the way, according to Eastern European Outlook published by SEB Banka.

The Seimas, the Parliament of Lithuania, has accepted for consideration the 2016 state draft budget law after discussions and questions to Finance Minister Rimantas Šadžius.

Finance Minister Rimantas Šadžius believes there still is a chance that at the end of 2015 Lithuania's gross domestic product (GDP) growth will exceed 2 percent.

Prime Minister Algirdas Butkevičius says that the 2016 draft budget, which will be submitted to Parliament on Tuesday, is aimed at stimulating domestic consumption and economic growth.

In 2014 state-owned enterprises (SOE) remained an important part of Lithuania's economy - their input in economy accounted for 3 percent of GDP. In 2014 SOEs earned total revenue of EUR 2.3 billion, which is by 5.6 percent more compared to 2013. Moreover, their normalised net profit increased by nea...

Professional services firm Ernst & Young (EY) has published its latest economic forecast for the euro area. It is projected that Lithuania's GDP growth will stand at 2.1 percent in 2015 and 3.6 percent in 2016. Meanwhile, GDP growth in the euro area will stand at 1.6 and 1.8 percent respectively.

Lithuanian Finance Minister Rimantas Šadžius says that next year's budget has been drafted to give a boost to the country's slowing-down economy, noting planned increases in the minimum wage, in the non-taxable income tax threshold and in salaries for public sector employees will stimulate domestic ...

Analysts from SEB bank have reduced Lithuania's gross domestic product (GDP) growth forecast from 2.6 to 1.8 percent.

Neseniai skaičiau ankstesnio premjero Andriaus Kubiliaus, pasisakymą: „Mūsų bendrasis vidaus produktas (BVP) vienam gyventojui siekia 75 procentus Europos Sąjungos (ES) vidurkio, tačiau mūsų atlyginimams iki tokio pat lygio, lyginant su europietiškais vidurkiais, dar toli“.

The revenue of Lithuania’s central government budget, including EU and other international aid, next year should be lower than this year, whereas spending and, consequently, budget deficit should grow.

Economists at the Bank of Lithuania, have revised down the country's 2015 economic growth forecasts in view of latest trends in the domestic and foreign markets. However, employment and average wages will continue to grow, while decreasing general price level will increase the purchasing power of th...