GDP

According to analysts of DNB bank, this year Lithuania's economy felt the painful consequences of subsiding exports, although faster economic growth may be expected in 2016.

Lithuanian Prime Minister Algirdas Butkevičius says if defence funding continues to be raised at the current rate, Lithuania's spending on defence will reach the set goal of 2 percent of GDP earlier than planned. Still, the prime minister notes that actual funding will depend on Lithuania's economic...

Lithuania hopes to reach a national defence spending level of 2 percent GDP by 2018, two years earlier than was originally estimated, Lithuanian President Dalia Grybauskaitė said on Thursday.

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

Lithuania is a tiger in the European zoo. The future looks bright for a country that chose a totally different path from Greece. Investors and entrepreneurs take note!

Economist Dr.Zoltan Pogatsa believes that the Eurozone states of the former Eastern bloc have been duped by the major powers into firmly opposing Greece. They are being led to believe that Athens is damaging to their economies. It's all a deception, the Hungarian professional of political economy ar...

Lithuania plans to spend 1.46 percent of its GDP on defence next year, the country's Minister of National Defence Juozas Olekas says.

The Bank of Lithuania forecasts that this year, due to the worse situation of exporters, the country's GDP will grow 2 percent. The previous forecast was 2.7 percent. Next year, economic development is projected to accelerate to 3.4 percent (the previous projection was 3.5 percent).

Lithuanian President Dalia Grybauskaitė made her annual State of the Nation address at the Lithuanian parliament, Seimas, on Thursday. In her speech, the president mostly focused on national defence, security challenges stemming from Russia's aggressive policies, as well as emigration of working-age...

On 28 May, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lithuania. It considered and endorsed the staff appraisal without a meeting, the organisation reports.

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 ...

Based on flash estimates, seasonally adjusted GDP rose by 0.4 percent in both the euro area and the European Union during the first quarter of 2015, compared with the previous quarter, said Eurostat, the statistical office of the European Union.

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.

The structure of Lithuania's economy has clearly changed over the last two decades, an economist says.

Based on the latest survey, the World Happiness Report 2015, Lithuania is 56th on the list of the world's happiest countries. The report was produced by the Sustainable Development Solutions Network (SDSN) on the United Nations initiative and includes 158 countries.

On Tuesday, 14 April, the International Monetary Fund (IMF) published its World Economic Outlook in which Lithuania has been classified as an advanced economy. Previously the IMF regarded Lithuania as an emerging market.

Chief Analyst of DNB Bank, Indrė Genytė-Pikčienė, says there is a probability that the Lithuanian government will have to revise this year's state budget revenue and expenditure targets.

In 2014, the foreign direct investment (FDI) flow into Lithuania increased, while the Lithuanian direct investment abroad decreased, Statistics Lithuania and the Bank of Lithuania report.

SEB bank has not revised Lithuania's projected gross domestic product (GDP) growth rate for 2015 and 2016, leaving it at 2.6 and 3.5 percent respectively. As before, fiscal deficit is expected to account for 1.5 percent of the GDP in 2015 and 0.5 percent in 2016.