GDP

Even though Russia's sanctions have continued for longer than anticipated and Lithuanian transport sector will incur losses, nonetheless it is yet too early to talk about the impact on Lithuania's gross domestic product (GDP) growth, says Head of Financial Markets at Danske Bank Giedrė Gečiauskienė.

Lithuania's gross domestic product could fall by four percent if all exports to Russia came to a halt and some of logistic companies went bankrupt, Prime Minister Algirdas Butkevičius said on Thursday, adding that the likelihood of the worst-case scenario is low.

Despite the importance of investment, entrepreneurs in Lithuania invest miserably little, while recent Russia's actions have made companies fear investment activities even more. Swedbank's senior economist Laura Galdikienė says that companies cut their investments because of fears.

The Lithuanian parliament sent next year’s draft budget bill back to the government for improvement after the first reading on Tuesday.

If stepped-up checks of Lithuanian trucks at the Russian border remain in place for an extended period of time, Lithuania’s transport sector would suffer substantial losses, which may hit hard the entire national economy, the economists have warned, adding that new Russia’s restrictions will undermi...

Research and development (R&D) expenditure in Lithuania was among the lowest across the European Union (EU) in 2013, data from Eurostat shows.

Despite Russia's embargo and the complicated situation in top export markets, Lithuanian economic growth in 2014 will be among the fastest in the EU member states.

Lithuania’s 2015 budget bill does not contravene the Law on Fiscal Discipline, Prime Minister Algirdas Butkevičius insists.

The growth of expenses projected in Lithuania’s 2015 budget bill contravenes the Law on Fiscal Discipline and the expected growth of tax revenue is overly optimistic, the National Audit Office said in conclusions published on Monday.

According to the latest EU economic growth report of the European Commission, Lithuania will see the fastest growth in the Baltics in 2014 and 2015.

The first decade in the European Union has been good for Lithuania. There is still much to be done, however, if Lithuanians want make full use of their EU membership in the years to come.

In its autumn forecast the European Commission has reduced economic growth expectations both for the European Union and the euro area in 2014 and 2015. Slow recovery with very low inflation is expected.

The Lithuanian parliament's Foreign Affairs Committee has suggested earmarking additional 34.3 million litas (EUR 9.9m) for defence next year.

Lithuania's real economy is experiencing a state similar to that of an airplane passenger who was warned by the pilot about upcoming turbulence - the feeling is definitely not the best, yet there is no need for an oxygen mask, says financial analyst Gitanas Nausėda, advisor to the SEB bank president...

At the end of 2013, Lithuania's government debt to GDP was one of the lowest in the European Union and stood at 39 percent, Eurostat reports.

Lithuania’s 2015 budget bill will be adjusted if there is reason to believe that the growth of the country’s economy is slightly lower than the currently forecasts, the finance minister has said.

Despite criticism of the Finance Ministry's optimistic Lithuanian GDP growth forecasts for next year, Finance Minister Rimantas Šadžius says that the country's economic growth will be faster than in the euro zone but "not explosive" and warns that difficulties caused by the crisis in the EU-Russia r...

International Monetary Fund (IMF) forecasts that Lithuania's GDP will grow 3 percent this year and 3.3 percent next year.

With Lithuania's authorities planning to increase spending on national defence and to compensate for pension cuts, the economy might not grow fast enough to support increases in public spending and the government next year may have to broaden the revenue base and cut back on some expenses, the Inter...

The education system oriented at academic achievements prevents Lithuania from becoming an innovative country. It does not promote innovative thinking, entrepreneurship and is impeding such traits says senior economist at Swedbank Laura Galdikienė.