The Economist Calls it “the Fastest Growing Baltic Economy”
Published:
7 March 2003 y., Friday
In its Country Briefing the Economist Intelligence Unit calls Lithuania “the fastest growing Baltic economy despite an unfavourable external context”. The demand for 400 mill worth Eurobonds issued by the Lithuanian Government exceeded the supply, says the Ministry of Finance of Lithuania.
The Economist Intelligence Unit beside increasingly favourable trade and current account data provides other indicators proving that Lithuania’s economy is on the rise.
These indicators include the growth of retail sales by 13.5% year-on-year in January –November 2002, rising gross fixed investment (by 20.7% year-on-year in January –September 2002) and falling unemployment (from 13.1% at the start to 10.9% at the end of 2002).
The strengthening of the Lithuanian economy is based on the growth of private consumption, expanding foreign sales, despite the difficult external context, and increase in domestic services.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »