Lithuanian business sentiment improved in March as the confidence indicator rose to -1 from -5 in February, according to the Lithuanian Statistics Department‘s business trends and expectations survey data for March.
Statistics Lithuania
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Lithuania’s residential property prices fell 2.1% in the fourth quarter of 2015, according to data from Statistics Lithuania.
Retail sales in Lithuania, excluding the automobile sector and food and beverages, rose 6.8% year to €1.315 billion in February with the motor industry and food and beverage industry experiencing strong growth.
Emigration from Lithuania last year grew over 20% against 2014, according to the country's statistics office. Meanwhile the number of arrivals dropped by a tenth.
Wage growth and domestic consumption is putting inflationary pressure on prices in Lithuania, economists say. Annual inflation, which stood at 0.9% in February, could reach 2% by the end of the year.
Investment in residential real estate in Lithuania last year bounced back to levels last seen in 2007, the year before the financial crisis set in, bursting what was then seen as a real estate bubble.
Last year, investment into residential real estate in Lithuania returned to the pre-crisis levels of 2007. Economists say, however, that the growth is sustainable and a real estate "bubble" could, in worst case, deflate a little rather than explode as it did in 2008.
Lithuania's economic growth was lower than initially estimated in the final quarter of 2015, the latest figures from Statistics Lithuania showed on Monday.
The number of passengers flying out of Lithuania’s airports rose by nearly 17% in January according to the latest figures from Statistics Lithuania.
Lithuanian teachers are to begin a strike on Monday as government representatives and teacher's unions continue talks about raising wages.
Neringa, the municipality located on Lithuania's picturesque Curonian Spit, has become a Mecca for the country's rich and famous. However, second home owners, who spend most of the year in Vilnius and other major cities, are a mixed blessing for the beautiful region.
Lithuania's retail sales growth slowed for the fourth month in a row in December, according to the latest figures from Statistics Lithuania.
Over the last year, Lithuania's population has shrunk by 33,000 people, Statistics Lithuania says. It is the size of a mid-sized town.
Lithuanians are more optimistic about their country and their financial prospects, but expect to save less in the coming year, according to the latest survey from Statistics Lithuania.
Military conscription, which was reinstated in Lithuania last year, was one of the reasons behind a hike in emigration, Prime Minister Algirdas Butkevičius believes.
The Lithuanian population has lost 1.1% or 32,700 people over the last year, preliminary estimates from Statistics Lithuania suggest. The primary reason for the negative growth is emigration.
Will Lithuania ever again be a nation of 3.5 million? This target, championed by the leaders of six political parties, is to be achieved by 2025. Some experts say it reeks of utopianism, while others point to historic precedents in other countries.
Foreign direct investment in Lithuania rose for a third consecutive quarter, with an inflow of €247.2 million FDI secured in the third quarter of 2015.
In the upcoming months, Lithuania's producers and exporters predict a decrease in Lithuanian industrial exports. According to a poll distributed to the heads of industrial companies by Statistics Lithuania, 14 percent of businesses predict a decrease while 17 percent predict an increase (a month ago...
Lithuanian consumers and businesses saved some €40 million due to lower interest rates after the adoption of the euro a year ago, economists at the Bank of Lithuania say. Costs were also cut on currency exchange and due to lower rates on international money transfers.