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
An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam.
more »
The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment.
more »
In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU.
more »
In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees.
more »
The EU budget is no simple matter, but then no budget ever is.
more »
Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday.
more »
With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs.
more »
The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »
The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks.
more »
The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday.
more »